“It’s not enough to simply succeed. Your success must also contribute to the active failure of everyone else.”
Meritocracy at its peak
You know meritocracy is now a myth right ?
Always was.
Honestly, the question I’d like answered is at what age did they realize that they wanted to be a dragon.
“a dragon”?
A dragon is known for hoarding treasure, which it of course doesn’t need.
Also for randomly eating villagers, and for destroying the local villages and trashing the nearby environment.
What about the communist dragons?
“When the revolution comes, where will you hide?” will always be the classic.
Sadly, the answer is “in my well-stocked nuclear bunker where I can survive for years and defend myself against the hoards with armed drones” now.
Or rather the answer just as easily could be “Tied up in a closet while my security detail decided to beat my ass and take all of my shit. Since money is now worthless and I have nothing to pay them with”
Hence the drones.
Money is, by design, worthless. Especially since America got taken off the gold standard & money printer go brrrrr. It’s all held up by our faith in the dollar, and the system.
A wise rich man would have plenty of stuff on reserve to pay essential people, just not in money. Maybe they could work in exchange for a year’s worth of freeze-dried food. A chunk of land & a house. Quality goods. Idk I just don’t think it’s as bleak as you say; we could revert back to a barter system, and people exchanging labor for [stuff] or a cut of the product [sharecropper].
Weirdly, given the discussion there is in another part of this thread, I think you meant “hordes” :)
I did. Thank you.
The question doesn’t make sense to them. To get that rich, they had to throw away their morals. They can’t answer the question because they can’t process it.
Upper middle class? I think most if not 90% of billionaires are born in firmly upper class?
“Upper middle class” is just an abstraction from actual class dynamics anyways. It only exists as a believable goal for the working class to achieve and believe they’ve succeeded, even if they remain workers or at most petite bourgeoisie.
Fundamentally, there is no tying factor bringing this “upper middle class” together, no aligning of mutual interests, outside of tax brackets. As such, it isn’t a real class, as the relation to the mode of production is wildly diverse from within this category.
A millionaire and a billionaire? That’s a huge difference. At this point, if someone is 55 and wants to retire at 68 and not be 70 and working at Walmart, they’re going to need to be a "multi-"millionaire.
Idk, I’m much younger, and my retirement plan is the same as everyone else my age: walk into the woods when I’m ready or die in the water wars later when I’m not.
But I still feel bad for the elderly forced to work because a retirement home with medical support, i.e. assisted living, is too expensive and your kids can’t help you because they’re barely surviving too, and that’s while working, and you can barely work, but assisted living is 4-12k/month, so you work and hope you die before you become a burden on your children and grandchildren.
Anyway. The difference between a millionaire and a billionaire is vast. One million seconds ago was last week.
One billion seconds ago was fucking 1991.
What’s the difference between a million and a billion? About a billion.
The people you hang out with.
It says “multi-millionaire”. I guess they don’t mean the successful craftsman or engineer with his own crew who has a total wealth of 1 or 2 millions, but people in the 100+ million dollar range. That’s at least how I understood it.
It’s like comparing an 8.0 earthquake to a 9.0 earthquake. Millionaire, billionaire, that’s the difference between
1945 8.1 British India, Makran Coast 15.0 X Between 300 and 4,000 people were killed. 1945 Balochistan earthquake November 28
and
2004 9.1 Indonesia, Sumatra offshore 30.0 IX This is the third largest earthquake in the world since 1900 and is the largest since the 1964 Alaska earthquake. In total, at least 227,898 people were killed, many more injured and 1,126,900 were displaced by the earthquake and subsequent tsunami in 14 countries in South Asia and East Africa. 2004 Indian Ocean earthquake December 26
and that’s log 20, a lower order of magnitude than from a million to a billion
this makes sense right? Someone tell me this makes sense
I think they mean it’s a 8.0 earthquake and a 80.0 earthquake.
No the richter scale is logarithmic. Adding one point actually multiplies the intensity by 10. (Well, roughly in this case, but it’s a lot closer to 9 than to 80)
But 1 million times 10 is… 10 million. You have to multiply it by 1000 to get 1 billion. It’s the difference between an 8 and an 11 on the Richter scale then, no?
Yes… yes, you are right. Woops
It makes it way more insane doesn’t it? An 11 point earthquake is INSANELY strong.
so imagine adding 72 points
THAT’S SO MUCH WORSE!
Imho, a good visualisation for the difference between a million and a billion is in this Tom Scott video: https://www.youtube.com/watch?v=8YUWDrLazCg
Tbf when people say “multi-millionaire” they are often referring to people with over 100 million, not 2 or 3 or 5
I really do wonder why people like Warren Buffet are still working to make more money, for himself and others. What’s the benefit for himself? Some numbers get bigger, ok. But in terms of things and services he can buy for himself and his loved ones, nothing changes, he already can buy anything he could ever want. If he stopped working this seconds and would start spending money like there is no tomorrow, he couldn’t spend it all.
So why spend the last few years of your finite life increasing some numbers that don’t affect you? I really don’t get it.
Warren Buffett is not a good example. Dude just likes investing. Lives in the same house for 70 years. Eats McDonald’s and drinks Coke every day. There’s no way he can spend it all. That’s why he’s donating everything to charity.
Only really spends money on private travel and security. Maybe $20 to $40 million per year. That’s nothing for a billionaire.
These type of people make money as their hobby. The same way other people enjoy a good vine or a T-bone steak. They enjoy waking up and making money. I know someone that’s super Ritch in my country and that was his answer.
Bro was out of scale
deleted by creator
Hey man, give me all your money, I’m donating 99% of it to charity.
How much of this ‘charity’ is something like ‘The Warren Buffet Foundation’ which exists to enrich his descendants and fulfill political goals?
I literally cannot believe this post. These rich folks ACTUALLY need that money. How else will their great grandson hire a fleet of lawyers after he rapes someone at a frat party at the college where he’s a legacy admission? He doesn’t have the grades to get into that school, or the personality to pull that girl. He needs that money to fuel his rapey life of decadence.
20yrs ago, I made about a fifth of what I make today. I couldn’t buy all the things I wanted, but we were safe and paid our bills without a lot of stress. Today, I have a little more flexibility, but it doesn’t feel all that different.
I will assume that “lifestyle inflation” scales up, maybe it scales up a lot. But beyond some point, wealth becomes meaningless and the marginal dollar means nothing. Why keep hustling past that point? What drives people like that? Inertia? Lust for power? Competition with peers? Hard to say I guess but, something is driving them.
I also realize I suffer from lifestyle inflation, but …… the reason I don’t feel well off compared to my previous self is I’m still just a few paychecks from losing it all. If I lost my job, I lose it. I’ll have to cut way back, struggle to keep house and car, and will be anxious until I get another job.
I’ve read that feeling well off is having enough savings so you don’t need to worry about keeping your lifestyle in case anything happens. I don’t
Warren Buffet is a great example for this question because he does live modestly for one of the richest people in the world. If he lost his job/company, he could still support his lifestyle and obligations well beyond his life expectancy. So yeah, what is his motivation?
Watch Wolf of Wall Street - extremely NSFW btw - or if you cannot handle watching it, read the book.
For some, the money isn’t even the point, it’s the thrill of the con game.
For billionaires though, it’s something on a whole other level. Like, look at pictures of them - Zuckerberg, Musk, Bezos, etc. - there’s something not right there at all. They are playing an entirely different kind of game when, e.g., they don’t even allow their workers to take breaks to pee, even if they are pregnant. Ofc YOU would not do that, nor likely would anyone that you know, nor would even meet in your entire lifetime. Who would do such a thing!? (unless their boss mandates it ofc, so like they would get fired if they don’t, I mean like if nobody was forcing you to do so and yet… you did it anyway, and then you also forced thousands of other
humanspeople to do it too)That’s why they are a billionaire and you and I are not - b/c they are on a whole other level. It’s true, money cannot buy happiness, but they are damn sure going to
watchcause the world to burn while they try.There was a twilight zone episode called “a nice place to visit” where this petty crook died and ended up in a place where he could have anything he wanted any time. Every time he’d gamble, he’d win. Every woman he talked to wanted him. Etc. But he couldn’t lose.
A billionaire can have anything, but without challenge nothing really means anything. It’s all fake, and they’re surrounded by people who just agree with them in order to get to their money. They have no friends. They can’t even go outside. They’re trapped in the mansions and sports cars and yachts, unable to live in or even experience the world they have so much influence over. They are trapped by their wealth, so they come up with impossible plans to escape… To Mars, to space… But there is no escape. They are trapped on a world they are killing, surrounded by people who they need who also hate them.
The crook in the twilight zone episode asked to lose or get turned down, wanted some kind of challenge. He didn’t want to be in heaven anymore… And he was informed that he was not in heaven. That was hell.
Of course they’re broken. They’re in a living hell that everyone imagines is heaven.
Both Bezos and Musk were also abused or neglected by their parents. They feel like they have to prove something, but there’s nothing to prove and the people they want to prove themselves to are dead.
I love sci-fi, and fantasy too, in large part bc that is a way of seeing clearly into the real world, when you can isolate things and put them into a different context that makes it easier to digest.
I think you hit the nail on the head and also, I think that it’s arguably not even their fault. Hear me out! If you were a person with IQ of 300 let’s say and you are talking to a literal toddler who says “let’s go eat at Arby’s”, and you do and get food poisoning… then how do you avoid that again in the future? Kill the toddler? Or perhaps learn not to let toddlers control all of our actions? After all, the toddler was not fully aware of the consequences of their own actions, nor were you at the time, but of the two, one is capable of learning more readily than the other. It is partly the result of the toddler’s actions that you got sick, but not solely, and perhaps not even mostly.
Billionaires got rich via the system, and aside from those particular individuals there are many more that would follow them. Being merely “rich” isn’t (only) the problem, it’s the entire system that produces that. However, it is too late for that now, bc the toddler has been elected King and it is no longer an option to change the system. At some point technology will allow billionaires to become effectively immortal, and they may gain super powers besides that as well - already they have access to “medical care” and “a place to live that they actually own” and other things that are fast disappearing for the rest of us. e.g. when it becomes common again for the average person to die of easily preventable diseases, even a lifespan of 1-200 may be a close approximation of that in comparison. Soon we mortals may also lose “access to information”, since it will become diluted so much by the flood of misinformation that basically “what we know” will devolve into what we are allowed to know, by those who with the touch of a button could cause the media outlets, which they own, to put out an authoritative story telling us whatever truth they wish us to hear.
In any case, that is why I support being subversive - e.g. they are unkind to their workers, so we can oppose the trend by being kind to our fellow human;-). Whether it works or not, it’s also a lot more fun.
Musk’s father is actually a pretty big asshole, so he probably was abused and neglected. Not sure about Bezos.
Not that it excuses anything about either of them.
https://pagesix.com/2019/01/10/the-sad-story-behind-jeff-bezos-and-his-biological-father/
There’s some profound resentment there. Maybe the first question we should ask billionaires is, “who hurt you?”
Why is it that everyone thinks they’re not using their money as power? That’s kind of obviously what’s been happening to me, it’s just that mostly, they end up using their power to try and centralize more power. disney buying out marvel, buying out the muppets, microsoft now having openAI, EA buying every game studio just to end up fucking them all up severely, yadda yadda. Use the money to invest in companies and run those companies which are also seeking their own self-interest and power centralization, run all those companies with whatever goals you just kind of vaguely feel like at the time, even if it kills cool stuff in the crib, even if it ends up fucking over the end user. We are subject to the highly coordinated and elaborate whims of an idiotic set of dictators who are, as dictated by their position at the top of the hierarchy, they are incapable of making good decisions.
Why is it that nobody sees that it’s just gambling addiction? Also, remember at those levels, you are most certainly not calling the shots by yourself. You’re surrounded with a full entourage, like a royal court if you will, of people doing your bidding, and people doing their bidding, and bidding bidding other bidding. Being that rich is like being a statesman of old. Not the only similarity to feudality, truth be told.
I agree with your take, though I’d never considered it that way. I’m actually more scared thinking about their destruction being whimsical, rather than part of a coherent plan
I am afraid you have reason to be afraid then. The system encourages the behavior, and once you’re trapped in it, there’s only one road ahead. You’re rewarded for playing the game, you are punished for not doing it. Do you know of “Conway’s Game of Life”? It is an old program or mathematical concept with evolutionary algorithms, it has a starting condition and an ending condition, it’s highly worth checking out if not for the historical value.
https://en.wikipedia.org/wiki/Conway’s_Game_of_Life
You plop down a cell, with some starting conditions, let’s say procreate, make money, expand. If your environment allows for it, the cell expands. If it doesn’t, then that cell dies. When all cells are dead, the game ends.
Capitalism is a starting condition whose inevitable conclusion is that it dies. If fulfilled, it breaks. By the nature of its internal rules, it can never keep going, there is no stable instance. The aspiration of capitalism is in itself self destructive. Under no circumstance can capitalism ever work in perpetuity. It is inherently unstable, and will collapse. <- we are more or less here
It’s like giving an android the command “eat your own face”. If it does, it dies. If it don’t it fails. We are slaves under this structure, with no way of getting off the wild ride.
It’s neither. People act in their own interests, the bourgeoisie are not intentionally conspiring nor is it chaotic. It’s out of the general “improve my material conditions” drive that each class abides by.
I think you’re giving people too much credit for making rational decisions, but I get where you’re coming from.
I’m partially convinced that the conspiratorially minded just kind of do so because it’s easier to imagine that everything is part of a highly coordinated level of fuckery, rather than a combination of multiple captains that are all fighting over the rudder, squirreling us in random directions, and then the kind of motion of the ocean pushing us around, until it all kind of evens out to a baseline rate of snap, or jounce, or whatever it is.
EA buying every game studio just to end up fucking them all up severely
That’s Microsoft not EA
It’s not about the money.
In a Capitalist system Money Is Power and under Neoliberal Capitalism (which is all about the State removing itself from Regulating money, or in other words removing the Power From The Vote via the mechanisms of the State, controlled by representatives chosen via said vote, exercising almost no power, which, if you think about it, is against Democracy) Money is the greatest Power there is by a wide margin (even Fascism puts the State above Money, whilst Neoliberal Capitalism does the very opposite).
So these people hoard money because they live in a system were it gives them immense Power.
If you were a senator in 1789, you spoke for on average 39 000 people. If you are a senator today, you speak for 3 300 000 people.
To spend a billion dollars in the lifetime of the average human being (80 years) you’d have to spend $34,246 a day.
If you spent $1000 a day it would take you 2,740 years.
If you gained 1% interest on a billion dollars every YEAR (not monthly), that would net you a passive income of $10,000,000 per year.
A guy named Dennis Kozlowski (embezzled $62 million from tyco) spent $15000 on an umbrella stand in 2002. That thing would be worth over $25,000 in today’s money.
I’m trying to illustrate a couple of points here. When you do accrue all that money (I’m not talking about ethics here because we have established that some ethical boundaries have to be crossed and most everyone agrees with that), that money, even just sitting still accrues more money. And spending it isn’t as easy as people seem to think.
Neither is giving it away. McKenzie Bezos is a good example. She managed it and the complaint then became that she did so irresponsibly. And even when people who come into this type of wealth manage it, there’s no pleasing some people. Because even Chuck Feeny still gets a whole lot of flak from the eat the rich people just for becoming a billionaire in the first place. (I’m not on the side of the rich people. So don’t even start).
Giving it away irresponsibly compounds the problem and can cause catastrophic economic events for the poor and working class.
Can we actually educate ourselves on the difference between assets, cash, investments, and net worth? Because net worth doesn’t mean ready cash.
But so much of this money is being spent. Its being spent doing insane vanity projects, like Bezos’s personal space program or Elon Musk’s Twitter buyout. It goes towards massive ideological projects, such as the Koch Bros / Peter Thiel campaign to turn everyone into libertarians. Or towards ostentatious religious icons, like the Crystal Cathedral or the Joel Osteen Church.
It goes towards lobbying. Sooooo much lobbying. Hundreds of millions spent to influence government bureaucrats on everything from who can get an abortion to which country we’re at war with today. Gates threwa big chunk of his fortune towards a project of education privatization and school voucherization during the Obama term, and the consequences are still echoing through my school district in the form of these obnoxious and pointless high stakes standardized tests.
We see these astronomical bank accounts turn towards reckless misuse of natural resources - Bitcoin mining consumed 110 Terrawatt Hours in 2022. Whole swaths of the airline industry exist to cater to this fraction of a fraction of mega-wealthy people who indulge in short-hop air travel. They sink fortunes on competitions to own the largest yacht or the most creepy sex island. Human trafficking as an enterprise is by and for the mega-rich, both for personal use and increased corporate profits.
You want to see a real act of billionaire (closer to trillionaire) hubris? Look at the Saudi’s quixotic quest to build their supercity of Neom. How much money have we pissed away clinging to fossil fuels, so MBS can create a five mile long Mall of America?
The problem is not simply whether they can spend these enormous pots of wealth, but how they reshape the economy as a whole in the attempt. So much of the world exists to meet the whims of these plutocrats. We pay in our time, our health, and our political autonomy, so a handful of elites can have their every whim indulged.
Spent by being traded amongst rich people which does nothing at all to the economy. It’s hoarding with extra steps.
Don’t take my comment as excusing the wealthy. It wasn’t intended to be critical of them, but it was intended to give an idea of the scale of the problem. It’s not just rich people who are the problem. It’s the system (which my comment is intended to be critical of). It’s designed to make the rich richer. That’s what needs to be dismantled.
Spending the money at the rate they would need to to put back into circulation would crash markets. It would make things worse for poor people.
The “spending” isn’t nearly so much the issue as “what its being spent on”.
We’ve got billions of dollars flowing into the media market so that Libs-of-TikTok and TurningPointUSA dorks can churn out reaction videos at an industrial scale. Meanwhile, we’re privatizing PBS/NPR and downsizing all the journalist departments at the national news agencies, because its more important to generate profit for stakeholders than to do the thing these organizations ostensibly exist to do.
The material that’s being produced - consumer ready mass media - is being degraded thanks to the sheer volume of money that’s redirected from large publicly accountable news organs to independent vanity projects with ultra-wealthy sugar daddies.
You can play the same game with the education system, the energy grid, mass transit, fucking groceries. The very price of an egg is dictated by whether or not some fuckwads at Tyson want to pocket a fatter dividend by downsizing the department that monitors for bird flu outbreaks.
What money is spent on matters quite a lot. Spending $300 a week on groceries, and $2000 a month on rent or a mortgage is a lot different than paying $2000 for a new watch, and $300 for new shoes just because they’re designer. But I do agree with your point. There’s a lot of money changing hands behind the scenes to the detriment of poor people as well. My comments weren’t a disparagement of or dismissal of this problem, it just didn’t acknowledge that because I see a lot of people who want to blame a chosen few individuals, ignore a chosen few individuals who are just as problematic for the same reasons, and never come close to recognising that the system is rigged or understanding that the system is extremely broken.
It’s the system (which my comment is intended to be critical of). It’s designed to make the rich richer. That’s what needs to be dismantled.
But it is a system setup by and for them. They’re the very people that make the system what it is.
And it’s this way in implementation. If you hand more money over to 12 people than the other 299,999,988 people in the country combined…you’re going to wind up with those 12 people having a lot more control and power over the country’s resources regardless of what else you do. (EDIT: this is just hyperbole, I know it’s not in actuality this bad, but it’s pretty close with the exact figures being slightly different)
They designed the system in the first place, the founding fathers were tax evasive slaveholders.
If you don’t have an actual conversation with them and keep blowing smoke up their ass, how is anything ever going to change? How do you dismantle the system that supports their wealth while propping up their throne and kissing their ring?
If we can’t criticize these people, how are we supposed to “dismantle” anything? Critique and changing the discourse is a less drastic reaction than “eating the rich”…so if you’re saying you’re pro “eat the rich” but not pro “ask the rich pointed questions” how is that even possible?
I think mostly by using their tactics against them. There are more of us than there are of them. Withholding Labor, lobbying, pushing for more pay and benefits. I think there’s a lot we can do that doesn’t involve just pointing out that so and so is a billionaire. What are we doing currently? Because I don’t feel like most people are doing much of anything.
Pointing out the problems and how things work so that people have a better understanding is at least a step in the right direction. Hence my wish for people to get educated about finances and my offer of examples to show the scale.
There are more of us than there are of them. Withholding Labor, lobbying, pushing for more pay and benefits.
Sure there are more of us than there are of them, but the entire economy is oriented around their existence and continued support. We can strike and organize (and must) but it takes messaging to organize, and it takes messaging to win support from the public at large. It takes people pointing out just how absurd the current system and how morally and intellectually bankrupt its winners are in order for people to understand the need for change.
Also, “lobbying” involves money. We may have the pure numbers, but we do not have the money…and that’s an important part of why you can’t get there without being able to criticize the people who created and get the most benefits from the current status quo and shifting the mindset from “these people are smarter / work harder / are more innovative than everyone else” to something more akin to “these people are greedier and often times more morally bankrupt than everyone else”.
EDIT: There’s another thread here that’s a messaging thing that I think is important: billionaires are often miserable themselves…the end game of this shit doesn’t serve anyone…including the rich.
When poor people stop spending money, the economy goes into recession. We have buying power. Collectively we have enough money to make waves. We aren’t organised and part of that has to do with the fact that we aren’t all on the same page. Because we don’t all understand what’s going on. I know it takes more than just one or two of those things. But we had power and regulations once.
Worst case scenario is we burn it all to the ground. Because that’s an ultimate equaliser. But it will absolutely have a detrimental effect both on the number of people dedicated to change, and their lives. Doing so has to be a last resort because it will cannibalize any movement that attempts it. Poor people will fight not to make their lot in life worse if push comes to shove.
When poor people stop spending money, the economy goes into recession. We have buying power.
Poor peoples’ spending is less optional…you cannot exactly just stop buying groceries or clothing in hopes that the system changes. “Vote with your dollars” is essentially meaningless…especially when the very same billionaires we’re talking about have conglomerated the goods in the essential economies. The food systems and the medical systems are practically cartels at this point. (i.e. Boycott Goya all you want, are you really sure that they aren’t still producing your beans anyway under the store brand?)
I also think that the above is a gross oversimplification of what a recession is. The poor have been mostly buying only essentials for a while now (because it’s all they can afford with the recent inflation) and we still aren’t technically in a recession.
EDIT: I personally think a better means to protest monetarily for the non-well off is actually debt strikes. Most people don’t have a lot of spare cash, but they sure do have a lot of debt. Unfortunately, it’s another one of those things that only works if a whole lot of people do it at once.
Look at the Saudi’s quixotic quest to build their supercity of Neom.
For some reason the answer is never to fix existing towns that actually have people in them for a variety of reasons (resource availability, locations adjacent to ports, etc.) but to build a new city with no infrastructure or reason for being in the middle of nowhere.
I think it’s because with existing areas you can’t be ideologically pure…homeless people are already there, inequality is already evident, decay is already visible…but when you build a new “utopian city” and it’ll just be empty so you can pretend that the same societal ills that plague everything else will not show up somehow magically when (or if) the people arrive.
The whole point of them is that anyone with a net worth of <X million would never be allowed within 50 miles of the place.
I dunno man, you say you’re on the side of “eat the rich,” but it sounds like you’re making a case for the billionaires.
They’re just modern day royalty.
Neither should exist, because both require a hierarchical system that ranks people by worth (however it’s measured). No single human life is more valuable than another.
No single human life is more valuable than another.
That’s just factually incorrect.
If you don’t understand the scale of them problem and what pitfalls you can potentially fall into while trying to fix it, you will absolutely make things worse. I don’t give a fuck about any individuals. I do see a lot of people giving “daily reminders” that “tswift is a billionaire”. But nobody says that about Oprah or Jay Z or Rhianna. Nobody mentions them as if they are also problematic and they are. Because wealth hoarding is bad no matter who does it. Money needs to circulate and it needs to do so without crashing markets and further compounding the problems of the poor and working classes. Which means there is a responsibility to understand the system before we can dismantle it.
Don’t conflate the concept of currency with the concept of capitalism.
One is a tool to enable abstraction of trading the value generated by labor, whereas the other is a system of exploiting labor to concentrate wealth to a minority class.
We can eat the rich via wholesale transfer of their value as currency to a democratic cooperative that uses it to fund a better society.
Maybe that’s an idealist’s view, but isn’t it better than the current reality, Where we let schmucks like Bezos have little yachts to take them to their bigger yachts to their mega platinum plated ultra yachts, while a good portion of his employees aren’t given sufficient break time and end up pissing in empty bottles in trucks on the side of the road.
Why do you assume I do conflate the two. Currency in a capitalist society does exactly what I said and is the reality for the vast majority of people the world over. We aren’t talking about the abstract here.
And We can’t actually. Not without either changing the value (diminishing it), or tanking economies. Is it better for tomorrow’s dollar to be worth a quarter what it is today? A tenth? Because the commodities we use currency to buy will hold or increase their value. A slice of bread and some bananas will cost what they cost and the money won’t be enough to buy them anymore. We are already seeing that without that money in circulation.
Eating the rich will not stop that fallout. Also. Who distributes that wealth? Why do you trust them? What makes them qualified to do so? And how are you planning to have that wealth distributed? A coop fund that doles out UBI? Like. I want to be realistic about the problems we’re facing here. Focusing on the mega yachts and BS and being angry about that isn’t constructive.
You’re conflating the two concepts by asserting the value of money (currency) will be somehow diminished, if the system and mechanisms designed to concentrate it into the hands of the individuals (capitalism) were dismantled.
Why are you so certain that converting a company like Amazon from Private ownership to employee owned would necessarily tank the economy?
Focusing on making apologies for the system, saying “it’s hard,” and tearing down alternatives because “ItS jUsT nOt ReAlIsTiC” is neoliberal and not constructive either.
No. I am saying that if and when we get around to dismantling those systems to concentrate wealth into the hands of a few, we will see real world consequences for those actions because money/currency only has value if we agree it does.
We have seen the devaluing of different currencies world wide and the effect on the people using them before. Value remains the same in commodities which are necessary.
You insist I’m trying to make excuses for the rich or for the system. What I am saying is that if done incorrectly we will see fallout that will detrimentally affect us.
First and foremost because people are not educated in economics, the nature of currency, or the systems they are rooting to dismantle.
Second because it will take a concerted effort from the majority to make this happen at all, and most of the people in this thread can’t even see past “eat the rich” which will not get the result we want.
Can you stop assuming I’m just making excuses for like 5 seconds and consider the rest of the comments in this thread and others like it? If we are dismantling the financial economic systems that make up our capitalist society we are gonna need to have our ducks in a row and nobody even agrees on what that looks like.
This right here is why people always manage to take advantage of socialist or communist society. Because people don’t want to actually learn what it means and what the pitfalls other societies that have tried it have run into. There’s always gonna be someone trying to take advantage. There’s always gonna be selfish people.
What alternatives did you recommend? Because none have been brought to me in this thread. I have brought up several ideas that can work in concert, but I think they would fail if done one by one.
Nobody suggested to me that we should “convert Amazon to private ownership” but even if they had, nobody has explained how we do that. Have you got a plan?
There shouldn’t be any billionaires. We got that, because the system has derailed. There were some lackluster failsaves against the in capitalism inherent push to centralisation but those failed due to human greed.
Btw, what happened with the measures against “too big to fail” in international banking?
In the not-too-distant future (later than Next Sunday, A.D. though), there will be trillionaires. How sick is that?
As the system further becomes absurd, so too do the foundations of it.
Probably already have the resources to shoot a janitor into space to endlessly torture.
