Was just trying to explain to someone why everything is going to shit, specifically companies, and realized, I don’t fully get it either.
I’ve got the following explanation. The sentences marked with “???” are were I’m lost. Anyone mind telling me, if they’re correct and if so, why?
The past few years, central banks were giving out interest rates of 0% or even negative percentages. Regular banks would not quite pass this on, but you could still loan money and give it back later with no real interest payments.
This lead to lots of people investing in companies. As long as those companies paid out more money than those low interest rates, it was worthwhile. But at the same time, this meant companies didn’t have to be profitable, because they could pay out investors from money that other investors gave them???
This has stopped being the case, as central banks are hiking interest rates again, to combat inflation???
Simple, the world already ended and we are feeling the slow burn.
Too many humans on the planet to be sustainable. People will start dying en masse in my lifetime, that’s just mother nature correcting things as she always has.
We were on borrowed time since humans discovered agriculture and the fun is over now.
Alright, Thats all bullshit.
The planet can easily support our population. Hell, the planet could support double our population.
The only reason why everything has gone to shit is the Rich and their greed. They’ve bought off governments to continue destroying the planet in their draconic lust for larger piles of gold to sit on, and adamantly refuse to change course for fear of it taking even a single, meaningless coin from their horde to do it.
We have more than enough food to feed the whole planet, but capitalism has decided its more “cost effective” to burn half of it to maintain shareholder prices.
There would be more than enough water available for everyone, but cleaning its to costly so lets just find another aquifer to drain and pollute.
The climate would have been fine, if corporations and their dumping of terratons of pollution into the air wasnt handwaved away as “Well, its consumers fault, if they just skipped meals and stopped using paper, none of this would have happened”.
More time and money and research has been spent on how to let the rich and corporations escape blame, than has been spent on trying to prevent these problems that scientists have been warning about for over 100 years.
I somewhat agree.
The thing is that even if we did everything perfectly, the human race would still reproduce until it is unsustainable. It is in our nature.
We are supposed to be animals, but at some point (discovery of agriculture) we detached from the food chain and defied mother nature. It is not possible to be sustainable from this point onwards.
Personally I believe that human conscienceness was a mistake in evolution. If I could press a button that would kill billions of people including myself I would do so without hesitation.
Recommend reading the thoughts of Pentti Linkola.
The thing is that even if we did everything perfectly, the human race would still reproduce until it is unsustainable. It is in our nature.
Sure, if you ignore the fact that global birthrates are falling, and sharply in some places.
Negative, feds controlling the money supply and interest rates is not capitalism. That is antithetical to a free market
Capitalism is based on a free market, which his the opposite of government capture by the rich.
The means of production are privately owned and used to generate a profit. This is the late stage of that. Don’t try and spout some “actually” bullshit. We did trickle down economics. We did neoliberalism. We’re at the final stages and it’s all pointing to fascism. Dumb fuck.
The final, consumptive or “catabolic” phase of capitalism.
https://www.counterpunch.org/2018/11/01/catabolism-capitalisms-frightening-future/
Capitalism: imminently about to collapse under its own weight for the last 150 years
Everything isn’t going to shit. The sky is still blue, food is growing, people have good lives.
The current economic issues are cyclical in nature, due to our form of global capitalism, we have 7-10 year up swings and down swings.
I don’t know why you’re being downvoted, I was going to say the same thing. “Everything” is quite the exaggeration, most people are just fine without junk tech companies. Things are more expensive and they’ll probably keep getting more expensive because they’ve been out of balance for decades. Food, gas etc. should be more expensive, we’ve just been blessed with cheap labor and subsidies. Climate issues aside we’re all going to be just fine
I don’t think this is really true, and maybe it’s even a little naive.
For example, 50 years ago earning a “living wage” was much more achievable.
Also, issues we’re presently facing like war related sanctions, china’s instability, and climate change have never occurred before, so how can they be cyclical?
We are living in an universe with multiple possibilities.
We are the most powerful and capable animal on known universe. We set the rules. Considering we treat others animals with cruelty, forced labour, enslavement and mass murdering, we definitly rule with power abuse. Then, elites are doing to us just same we do with less capable living beings.
Justice is important, not?
