There recently was an article in The Street about multinationals complaining about people not having enough money to spend on their products.
So basically, Capitalism is running out of peoples money right now.
This less famously led to the saying ‘The problem with conservatism is you eventually run out of other peoples stuff to sell’
You eventually run out of people. People to work in your factories and to consume the products those factories make. If you don’t pay a wage people can live on and the people who are working can’t consume things then you don’t really have an economy except for the military/security apparatus that’s required to keep people from revolting. The end result of unchecked wealth and power is an autocracy and those end up failing economically in comparison to democracies. I like the analogy of a black hole. At a certain point too much power is concentrated in the middle and the whole system collapses in on itself instead of shining brightly as a star.
AI will solve all of that for a fraction of the cost!
/S
No. With socialism, you’re spending other people’s money until you eventually run out and can’t achieve your goals. With capitalism you’re extracting other people’s money and if they’ve run out you arguably achieved your goal
Only one of those has the money recirculating.
a thatcher thread? obligatory only queen i recognise video: https://www.youtube.com/watch?v=DUlj48Rvp1c
it’s a symptom of consolidation of power.
Thatcher was being disingenuous because socialism involves “our money,” in which everyone works together for mutual benefit. Capitalism can’t function without other people’s labor being exploited and under-compensated. I want my taxes to help pay for a portion of things I couldn’t afford by myself and for it to benefit others because then I’m not being price gouged by others who are only demanding more because more is being demanded of them by the greediest among us.
late stage capitalism
Uggg… I hate this nostradamus ass term. It’s condescending and idiotic at the same time.
Well, we can just print more money! That’s the solution for both capitalism and socialism, works every time.
Don’t worry, the predatory bankers that are appointed to the Fed are surely looking out for our best interests, they would never, ever abuse their positions for the benefit of JP Morgan or anything like that, don’t be silly
That’s how America is now currently $40 trillion in debt! Just shut up and keep printing!
If they just printed it they wouldn’t be in debt. The capitalists have successfully introduced a system in which the government has to borrow money from private banks who borrow it from the central bank that prints it. Instead of just printing money, we now print money and pay interest on it to private banks.
Monetary shenanigans only seem like a good idea to people that don’t understand economics.
Actual economics is about the value of work. Fluctuations the the value of money don’t accomplish much. Consider Cuba which does all kinds of monetary shenanigans. People just do black market money deals to get around it. Capitalism finds a way.
Well Elon Musk’s companies directly employ roughly 150,000 to 160,000 people globally, Who do you employ?
His money comes from his parents and the government. Also he is a nazi, your argument is invalid.
The companies now being funded by the U.S. government, in other words the U.S. taxpayer, in other words, fucking me?
In other other words, I’m footing the bill for a limp-dicked wanna-be pedophile who’s not only not from my country, but can pay to take control of it whenever he wants?
This country, and Elon musk specifically, fucking sucks donkey dicks.
And all the money will start trickling down any day now!
Isn’t Capitalism just Socialism for billionaires?
Damn bro we spent all the billionaires money on public works and social security and now we don’t have any more billionaires and everyone is better off. What fools we’ve been.
Thatcher said that with 0 irony as she defunded public hospitals to get replaced by charity from rich child rapist Jimmy Sevile
Don’t worry, Jim will fix it.
Neoliberalism has destroyed demand. At long last it’s finally done. Now they are complaining about China’s overcapacity.
China is bringing the developing countries into the 21st Century with it, something that the West refused to do while they had the chance. So it’s not overcapacity, it’s just that the West isn’t the exclusive consumer.
why do you need money?
if money disappeared, the workers would still be there, the factories would still be there, there’d still be trucks and ships and oil and houses and crops and whatever else sustains our existence.
you’d think if humans were as smart as they claim they are they’d come up with a solution that doesn’t involve paper and credit and oppression.
i think your average person would be totally willing to put in 20 hours a week pumping shit out of septic tanks if they spent the other hours chilling and just doing whatever.
As someone who puts in 40 hours a week in an office job that barely pays enough for me to get by… as long as that septic job pays well enough, sure I’d give it the old college try
The number of things I can tolerate and even enjoy at 20 hours a week is a gigantic, frankly kinda boundless list, while that same question at 40, let alone 60+ hours…that list is tiny.
Really feels like a huge tragedy, to add to all the more direct kinds, the way we destroy our ability to enjoy our time.
Go back into the history of capitalism, and every “scare” that capitalists use to maintain the system as is, happens under capitalism. The irony being that most capitalists see the end results of their greed and project it onto other systems.
Every accusation is an admission.
Thatcher, like any capitalist dickhead, is a liar and malignant.
Was. Thankfully.
If you’re English you can literaly go piss on her grave.
Sadly it’s guarded and cameras
People tried, they got arrested
I vote that we create the Thatcher Urinary Fund to pay for the defense of people who go urinate on her grave.
Yes! We should!
If a bunch of teens can speed run through Scientology buildings and Naruto run through area 51…
What I’m trying to say is I think it’s a lack of motivation
Like, actual human guards? Wow, right down there on the worst job ever list. As far as crimes go, tried to piss on Thatchers grave is something to frame for posterity. Gonna guess someone got away with it, hence the guards (maybe bribeable?) but thanks for the reality check.
Specifically it’s cause she’s buried in a convent graveyard
Hmmfh, in what way was she a nun? But thanks for the info.
You don’t have to be a nun to get buried in one, it turns out, just have to know people in power.
But also turns out that I was misremembering, she got buried in the grounds of a WAR VETERAN Hospital - Royal Hospital Chelsea in Chelsea
They check your nationality at admission?
Or if you’re there on vacation
Was, thankfully.
