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Peak capitalism spawned a lot of chaos - it was probably the period of time where tech significantly dropped quality of life. I'm not talking about the tyranny
by muzani 2y ago
Peak capitalism spawned a lot of chaos - it was probably the period of time where tech significantly dropped quality of life. I'm not talking about the tyranny of jobs. I'm talking 10 year old boys blowing glass, slave tier wages, monopolies, 100 hour work weeks, families of subsistence farmers being outpriced into bankruptcy. Communism, fascism, genocide, mass famine emerged from this. Things were worse because people thought, "How bad can things get?" Capitalism later silently evolved to be less free market, because full blown capitalism is unsustainable. But as time goes on, we forget these lessons and optimize for growth.
There's a correlation between economic inequality and political instability. Money buys power. When someone controls both money and politics, the only response by the unpowered is violence.
Inequality triggers because of technology. We're seeing a tech boom lately. This triggers waves in economic and political stability, which triggers waves of violence.
Recent lockdown, crypto, and climate change adds more ripples - so you're looking at overlapping waves of change soon.
e.g. Arab nations are highly dependent on oil and are screwed if oil prices drop, but the Russian war bought them a few more years of stability, which they invest into other things. So the waves can overlap in ways that counter each other.