4 ms·

Absent a countervailing force, capital tends to accumulate. These results should be no surprise. So, what now?

• theflyinghorse 6y ago
  > So, what now? USA slides down further into more extreme forms of inequality with ever growing gap between the haves and have nots. Realistically there aren't many incentives for the ones on the haves side of the gap to work towards a more equal system.
• WealthVsSurvive 6y ago
  Specifically? The US federal reserve maintains low interest rates, allowing oligarchs to borrow against their pre-existing conditions of prosperity. This in turn allows them to inflate USD and buy an alternate currency with higher interest rates, things like gold, bitcoin (stores of value that are hard to take via force, but are ultimately functionally useless). USD simultaneously inflates and deflates, leading to a near-useless currency. As a result the US balkanizes into 2 nations, one allied with Russia, Christianity, & Gazprom, one allied with China & Europe. The oligarchs will misjudge the transition and the world will be thrown into war & chaos. Understanding the enormity of the mistake, the world will be forced to either unite or die. It's unfortunately where we really, really seem to like to move ourselves, not as a whole, but as individuals, and we like to pretend like our daily decisions aren't causing this. If yours must be the glory, then mine must be the shame; you want it darker? We kill the flame.
• TheFiend7 6y ago
  It will persist until civil unrest reaches unsustainable levels. Who knows when that will be and what they may entail.
• ilaksh 6y ago
  I personally believe it would help a lot if we reinvented money to be a high technology. Not saying it's easy. We might need to reinvent government also.