No hyperbole, by design the system is setup to bleed people dry for every penny, not to create thriving nations or economies with many wide participants. We have been hacking away at hard won safeguards for 4 decades now, and the consequences are coming.
If enough of the people with the means own a majority of the assets, have little to no regulation to stop them, eventually you will be getting paid in WalmartCoin and redeem it exclusively at WalmartTown where the goods are all priced so you can never afford enough, just barely enough to get by.
We did it 100 years ago, and had to trust bust and outlaw it. But I guess we’re in for a do over.
I can see how people would be squeezed for their labor in traditional capitalism, but the core idea of this post is that the labor isn’t needed. Debt doesn’t have any worth if the debtor has no goods or labor to trade.
There will be physical labor to get done. For a few decades at least until someone figures out the roomba of automatons.
So there must be some labor force. It will just be a much larger unemployed and underemployed contingent. And with extreme overabundance, horrible downward pressure on wages.
And so what labor remains gets squeezed, and the rest battle for the job of garbage man, or babysitter.
Honestly real economies have many factors, but I’m really just saying that absent controls, the system by design approaches a hellscape at lightspeed.
They just have all the money, and charge you to extract infinite interest on all the assets they now control.
VC is buying up as much water rights and housing as it can by the way.
Just an unrelated detail.
With what money are the unemployed supposed to pay for that?
With every dime they can scrape together.
Then with debt and labor.
Then with lifelong debt.
No hyperbole, by design the system is setup to bleed people dry for every penny, not to create thriving nations or economies with many wide participants. We have been hacking away at hard won safeguards for 4 decades now, and the consequences are coming.
If enough of the people with the means own a majority of the assets, have little to no regulation to stop them, eventually you will be getting paid in WalmartCoin and redeem it exclusively at WalmartTown where the goods are all priced so you can never afford enough, just barely enough to get by.
We did it 100 years ago, and had to trust bust and outlaw it. But I guess we’re in for a do over.
I can see how people would be squeezed for their labor in traditional capitalism, but the core idea of this post is that the labor isn’t needed. Debt doesn’t have any worth if the debtor has no goods or labor to trade.
There will be physical labor to get done. For a few decades at least until someone figures out the roomba of automatons.
So there must be some labor force. It will just be a much larger unemployed and underemployed contingent. And with extreme overabundance, horrible downward pressure on wages.
And so what labor remains gets squeezed, and the rest battle for the job of garbage man, or babysitter.
Honestly real economies have many factors, but I’m really just saying that absent controls, the system by design approaches a hellscape at lightspeed.