3 ms·
Is this even theoretically possible to fix? Presuming we don't consider communist-style measures of expropriation?
by qwerty456127 5y ago
Is this even theoretically possible to fix? Presuming we don't consider communist-style measures of expropriation?
- krapp 5y agoProbably not. To me, this is the expected and inevitable final form of American style neoliberal capitalism. I don't believe guillotines or hard communism are necessary as a solution (although the former would certainly be cathartic) but all possible solutions must be socialist to some degree. At the very least, the US needs to reassess its belief that free markets are a moral good, and effective government is a moral evil.
- qwerty456127 5y agoI can imagine a grim socialist future where everyone is finally given everything basic (healthcare, schools, food) for free and no money beyond necessary to pay their rent (just to keep them busy), all actual money is owned by the ultra-wealthy class and they never meet...
- krapp 5y agoThat grim socialist future is still better than a lot of Americans who already live hand to mouth have. Heck, throw in free wifi and I might sign up.
- Factorium 5y ago5%+ inflation rate, 0.25% interest rate. The USA interest rate should be at least 2% right now. That would take the wind out of insane asset valuations.