These centrist governments embrace fascism to protect their ill-gotten wealth inequality and it ironically will lead to real fascists replacing them and making it much worse. Sigh.
The hyper wealthy need to wake up and realize they can still be super wealthy, they just need to give up on the idea of endless growth no matter the context. Else we are heading towards a bronze age collapse as all of our ecological, economic and social systems unwind.
The wiki is wordy, but my understanding is that current model breaks the moment things slow down because the ultra wealthy depend on taking bigger and bigger loans to pay debt.
When growth stalls, loans are riskier. The banks refuse more loans, the wealthy either need to re-negotiate payment or declare bankruptcy, which cause banks to lose money and the markets crash, or something like that.
We need sustainabilty. Capitalism is basically a cancer in this context.
The realistic issue is that collapse following a stalled economy just means strengthening the upper class. Poor get poorer, rich get richer. Need more Luigi.
When one individual inflicts bodily injury upon another such that death results, we call the deed manslaughter; when the assailant knew in advance that the injury would be fatal, we call his deed murder. But when society places hundreds of proletarians in such a position that they inevitably meet a too early and an unnatural death, … knows that these thousands of victims must perish, and yet permits these conditions to remain, its deed is murder just as surely as the deed of the single individual; disguised, malicious murder, murder against which none can defend himself, which does not seem what it is, because no man sees the murderer, because the death of the victim seems a natural one, since the offence is more one of omission than of commission. But murder it remains.
The hyper wealthy need to wake up and realize they can still be super wealthy, they just need to give up on the idea of endless growth no matter the context.
Yeah, but you know what’s better than having a mega yacht? Having an ever growing fleet of mega yachts… Do you have any idea how many sea captains would be put out of work if we listened to people like you? Dozens, perhaps even hundreds. Specific micro economies all across the Mediterranean would be in shambles.
I’ve got a fever, and the only thing that will help is more yachts. It’s been a through line since the inception of capitalism. What’s something a rich Venetian merchant and Jeff Bezos have in common…they love a big boat.
I’m sure there’s more stuff, like if you brought a 16th century Venetian merchant to the modern age it wouldn’t be surprising if they developed a bimbo fetish… But we absolutely know they’d lose their shit over a mega yacht.
These centrist governments embrace fascism to protect their ill-gotten wealth inequality and it ironically will lead to real fascists replacing them and making it much worse. Sigh.
The hyper wealthy need to wake up and realize they can still be super wealthy, they just need to give up on the idea of endless growth no matter the context. Else we are heading towards a bronze age collapse as all of our ecological, economic and social systems unwind.
https://en.wikipedia.org/wiki/Growth_imperative
The wiki is wordy, but my understanding is that current model breaks the moment things slow down because the ultra wealthy depend on taking bigger and bigger loans to pay debt.
When growth stalls, loans are riskier. The banks refuse more loans, the wealthy either need to re-negotiate payment or declare bankruptcy, which cause banks to lose money and the markets crash, or something like that.
Bring it on! Unsustainability will destroy us worse than a needed economic restructuring.
We need sustainabilty. Capitalism is basically a cancer in this context.
The realistic issue is that collapse following a stalled economy just means strengthening the upper class. Poor get poorer, rich get richer. Need more Luigi.
https://en.wikipedia.org/wiki/Social_murder
Yeah, but you know what’s better than having a mega yacht? Having an ever growing fleet of mega yachts… Do you have any idea how many sea captains would be put out of work if we listened to people like you? Dozens, perhaps even hundreds. Specific micro economies all across the Mediterranean would be in shambles.
Ikr. Desire for billionaire status is a sign of a serious mental illness.
I’ve got a fever, and the only thing that will help is more yachts. It’s been a through line since the inception of capitalism. What’s something a rich Venetian merchant and Jeff Bezos have in common…they love a big boat.
I’m sure there’s more stuff, like if you brought a 16th century Venetian merchant to the modern age it wouldn’t be surprising if they developed a bimbo fetish… But we absolutely know they’d lose their shit over a mega yacht.