90% of people with no money or a roof over their heads and a lot of time on their hands?
Maybe some will realize those mantions have food.If 90% of people don’t have a job, the state has to provide them an income. With that income, they can still consume. Public spending for private profits, as usual.
Of course the system isn’t sustainable, but it wasn’t before AI either.
That’s someone else’s problem. They only care about making money this quarter
Same as if all of civilization collapses because of climate change caused by global warming. It’s someone else’s problem, they’re just making money for themselves right now. Consequences are for the government that only suckers pay taxes into.
Naw, flawed argument, they steal our resources and then fund themselves by illegal and manipulative means.
Also the economy is shifting where the top 1% are moving closer to being 50% of spending, making the argument rather void.
This isn’t really sustainable though. Regardless of how rich you are, you only really need 1, maybe 2 pillows. You can only get so many haircuts in a year. They do absolutely need the poors.
No, but you do, and guaranteed that as they buy up and shut down competitors they will squeeze you for everything you’re worth over largely inelastic demands like pillows, or medicine, or soap…etc
Also haircuts? Haircuts, unless we’re really that deep in corporate hell, are between you and the barber/shop. Billionaires aren’t cutting your hair, the person cutting your hair, the person who owns the salon or barbershop ever, is a peon just like you and me. Small business owners are in the same class as us.
That’s increasingly not true. Local businesses barely exist anymore, soon your only option will be, like, great clips. Not sure what you mean about squeezing over inelastic demand. They can raise the prices of a pillow but they can’t make a profit when only 1% of the population is buying pillows
They’re trying that right now with focus on producing things like GPUs, data warehouses and the like paid by circular financing.
If 90% of the country is unemployed they’ll work for us and we increase the UBI they pay us.
Or we have a very abrupt reordering of things.
Similar to Henry Ford, until someone told him nobody will be able your fucking Model T.
They can sell to each other and centralize luxury and technology in their circle.
Mega corpos don’t need poor consumers.
Edit:
Corpos want deregulation, monopolistic/cartelic market position, unaffordability for average people for education and technology.
Agreed. We are already kind of there. We have enough food to feed everybody but the people who access it are those with enough money. Profitable food is what gets investments, not healthy food. And what we see more and more is that profits are not driven by feeding the best quality to the most people.
I was calling this 5 years ago and was called a loon.
Like history doesn’t repeat or something.
How come these C-Suites never consider AI for the positions it would probably be best at: their own.
Isn’t it funny how the “human employee removal ray” is never aimed at them?
Because they have influence over the laws that get written for company ownership, and they’ll make sure it says a human is always needed at the top.
The top few percent spend do much more money compared to everyone else that the top companies will happily continue targeting them and making money hand over fist even if the bottom 90% can’t afford shit anymore.
The point isn’t to sell, it’s to control
Question:
How is Big Oil™ going to make a profit when the world is ruined and the population are dead?Answer:
Lol, don’t care. That’s someone else’s problem.Seriously. Why don’t care about long term plans, just short term profits
Because look at the age of those in charge. A majority are ancient, and they know they are dying.
They are trying to take their riches with them, like the Pharoahs of old.
And the rest have golden parachutes waiting for them regardless of how good or bad they actually end up being at their job
If that ever happens I see three possible options:
- Universal Basic Income
- Communism (money is abolished)
- Societal collapse
Two of those are communism and everyone knows that the owner class will never settle for not renting the ashes to us
Societal collapse it is then!
Not of the climate gets us first. That’s probably just what kicks it off though
Ukraine is (also) a climate war. Fertile soil and continental climate (less affected by the loss of the AMOC). Syrian civil war was partially a climate war. It’s already kicking it off but we simply don’t see it. All we see are Hitlers.
Bourgeois society stands at the crossroads, either transition to socialism or regression into barbarism
- Friedrich Engels
You forget neofeudal technofascism
I think that was already rolled into the third bullet.
Eh, the third bullet could mean anything from solarpunk anarcho-syndicalism to cyberpunk anarcho-capitalism. It could also just mean a Mad Max style fight for survival.
Technofascism falls under cyberpunk anarcho-capitalism, obviously
Bro the 21st century so great we had to make new concepts by smashing all the old ones together
Technofeudal neofascism
Techno feudalism is how I’ve always heard it, but neofascism is hilarious because I feel like it’s the one thing that doesn’t change at it’s core. Like we have neonazis but the fascism is basically untouched
Yeah I was just being a bit facetious by switching the prefixes and roots. My original comment said “neofeudal technofascism” but then someone complained about remixing concepts so I replied with “neofascist technofeudalism” or whatever I said
You forgot extermination of the poor (i.e., all workers) using the control apparatus being constructed, which actually still could leave a society.
So obvious it hurts. That’s why these morons should read Marx, who provides a clear blueprint on how capitalism works. It’s all there!
Heard that CEO tenure is historically lower than it’s ever been. So their response is, “sounds like the other guy’s problem…”
Kind of seems like that’s part of the problem? But what do I know, I’m just a toddler that stole Mommy’s phone and typed this quickly before she found me and 6&__++3GFd GGG vgggvfh42467!:"hhhghgjjj!!!
6&__++3GFd GGG vgggvfh42467!:"hhhghgjjj!!!
haha same
