Jimmycrackcrack@lemmy.mltoNo Stupid Questions@lemmy.world•What's the endgame when the rich have all the money?
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3 days agoEloquently phrased.
Eloquently phrased.
God-dayum
Wouldn’t that make you unwilling?
Is it true they can hold on to a charge for decades? I was told that but it seemed unlikely.
Under the premise that eventually this endless growth cycle reaches some kind of an end point, then ultimately yes. The wealth has to keep increasing somehow. When you have saturated every market, eliminated every competitor, captured every last regulator, innovated every last facet, optimised every metric, you have to start cutting wages, or replacing labour with machines. When evey worker is replaced or the wages are less than enough for survival, no one’s getting paid. Who buys the stuff?