Corporate culture is based on constant growth and ever increasing profit margins. Eventually they’ll amass so much of the wealth that most of the lower class won’t be able to purchase anything other than essentials like food.
No new cars, no tech gadgets, no fancy dinners, no vacations, no disposable income.
When we get there the economy collapses because there’s no money going into it.
The profits stop rolling in, unnecessary goods stop being produced, and the luxury goods producer’s shut down.
At this point the money they worked so hard to hoard becomes worthless because they can’t buy anything with it.
What’s the endgame for them if their current path takes them to a point where their assets are more or less worthless?

  • humanspiral@lemmy.ca
    3·
    20 hours ago

    There are 3 key necessities for UBI/freedom dividends:

    1. It redistributes power not wealth. Bad greed is oligarchy capturing your rulers. UBI weakens politicians discretion, because just paying everyone more cash instead of their corrupt ideas is “idiocracy proof”. Power redistributed to workers where everyone who wants a job gets 5 recruiter calls per day offering a better job. We all get greater power to say no to anything. Quality of life becomes exceptional without crimes of desperation, and the divisive hate that is easily manufactured from crime.

    2. Redistribution means massive economic growth and overall prosperity even as it all trickles up to make the rich richer. “Velocity of money” is the key economic concept, but as income trickles back up to workers and owners, it means that the rich have to invest more to take all of our money.

    3. The alternative is genocide. Oligarchy having all of the money and power, and AI/robotics to do work, means robocop detroit for Americans, and war on rest of the world to take their land. It doesn’t matter that far more wealth can be generated with more people to sell stuff to. The logic of pillaging America/world for oligarchs with ever decreasing tax rates on corporations and the rich means more relative wealth and power for the oligarchy and its political minions.

    This 3rd point is similar to yours. Except its not just “This is America, if you don’t make money you’re a douchebag”, and the rich just give up on life, it’s “you need to be exterminated because you are useless to the rulership.”