I often wonder if our broken and fucked up capitalistic world wouldn’t do a complete backflip into the dirt once all that wealth poured out into the hands of common folk.
Like, it only “”“works”“” if the system itself is corrupt. The utilities, medicines and food the currency pays for are just as they are, there isn’t more because people have more money to buy it. Wouldn’t the result be everything inflating in price to insane heights?
I’m not justifying billionares, hell no, just making sure all the people who want the dam to break know what to do with the water.
Wouldn’t the result be everything inflating in price to insane heights?
I don’t think so. That’s a rationalization mainstream economists use for not fixing the system. They’ll say shit like “low unemployment rates are bad for the economy because if everyone has a job then they can all afford to spend money and that will cause inflation.” It’s complete bullshit based in a flawed idea of what makes an economy “healthy.”
“Supply and Demand” is more dogma than science. We’ve seen time and again that it only holds true when the wealthy want it to hold true, when it benefits them. Otherwise they manipulate numbers and make them do whatever else they want to do.
Would a total wealth redistribution cause some turbulence? Maybe at first, but not to the degree you fear. It would break through the corporate capture that allows them to keep prices artificially high
More likely though, it will take a time of great turbulence and upheaval for that redistribution to occur; such as the coming bursting of the AI bubble compounded with the failure of the US dollar, the insolvency of the US government, and all the second- and third- order effects of that and bad governance…
I often wonder if our broken and fucked up capitalistic world wouldn’t do a complete backflip into the dirt once all that wealth poured out into the hands of common folk.
Like, it only “”“works”“” if the system itself is corrupt. The utilities, medicines and food the currency pays for are just as they are, there isn’t more because people have more money to buy it. Wouldn’t the result be everything inflating in price to insane heights?
I’m not justifying billionares, hell no, just making sure all the people who want the dam to break know what to do with the water.
I don’t think so. That’s a rationalization mainstream economists use for not fixing the system. They’ll say shit like “low unemployment rates are bad for the economy because if everyone has a job then they can all afford to spend money and that will cause inflation.” It’s complete bullshit based in a flawed idea of what makes an economy “healthy.”
“Supply and Demand” is more dogma than science. We’ve seen time and again that it only holds true when the wealthy want it to hold true, when it benefits them. Otherwise they manipulate numbers and make them do whatever else they want to do.
Would a total wealth redistribution cause some turbulence? Maybe at first, but not to the degree you fear. It would break through the corporate capture that allows them to keep prices artificially high
More likely though, it will take a time of great turbulence and upheaval for that redistribution to occur; such as the coming bursting of the AI bubble compounded with the failure of the US dollar, the insolvency of the US government, and all the second- and third- order effects of that and bad governance…
Oh god, keep going, you’re almost to the good part with the guillotines and court hearings.