4 ms·
And how do these companies that replaced all their workers make money when no one has any money to buy products or services anymore?
by nsxwolf 4y ago
And how do these companies that replaced all their workers make money when no one has any money to buy products or services anymore?
- pixl97 4y agoWell you see, the government will print money and give it to the companies, the companies will buy up assets creating further asset inflation. The government will print more money for austerity and give it to the companies that will then use it to buy up other companies. In the end one large company will own just about everything, and the government won't do anything about it because they 'are too big to fail'. I mean, you could say that's not possible, but watching the markets over the last 15 years should give one pause to realize it's not completely improbable either.
- nsxwolf 4y agoI'm not a smart man. But I just don't see how any kind of economics work at this point. This sounds analogous to the universe eventually reaching the same temperature and pressure everywhere, and no events can occur ever again after that.