4 ms·
I’m going to make a prediction/wild guess as to what the future will look like. Edit: I do want to emphasize the “wild guess” aspect of this! Since capitalis
by fallingfrog 5y ago
I’m going to make a prediction/wild guess as to what the future will look like. Edit: I do want to emphasize the “wild guess” aspect of this!
Since capitalism is now international, nation states are losing the ability to regulate it. This would lead to collapse though, eventually, and the international capitalist class is recognizing that. Recently the Organisation for Economic Cooperation and Development proposed a minimum corporate tax of 15%. I foresee that most law and regulations governing the business and financial world will be decided by international NGOs and banking organizations, not nation states.
However those organizations have no real interest in the well being of the working class, so I would predict that inequality will continue to increase and capitalism will become more and more authoritarian and the capitalist class will become more and more isolated from the workers, to the point that they will become unaware of the suffering of the mass of the people. Small businesses of any kind will be gone; only large institutions will survive and diverse competition will be replaced by a series of necrotic monopolies.
At some point in the future this will either become unbearable and a global revolution will occur, leading to some unified government, maybe democratic, maybe not, or the corporate class will have good enough tools of control that a grinding dismal stability will be achieved.