Corporate culture is based on constant growth and ever increasing profit margins. Eventually they’ll amass so much of the wealth that most of the lower class won’t be able to purchase anything other than essentials like food.
No new cars, no tech gadgets, no fancy dinners, no vacations, no disposable income.
When we get there the economy collapses because there’s no money going into it.
The profits stop rolling in, unnecessary goods stop being produced, and the luxury goods producer’s shut down.
At this point the money they worked so hard to hoard becomes worthless because they can’t buy anything with it.
What’s the endgame for them if their current path takes them to a point where their assets are more or less worthless?

  • Juice@midwest.social
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    2 days ago

    They have to keep a lot of it circulating. As it zips around the economy, it is used to purchase capital, which soaks up the value of workers labor power by converting it into commodities, sells those commodities on a market for a higher price, and then returns profit to the “owners” of the capital. This is how the rich get and stay richer.

    Capitalism isn’t neutral, the system creates the rich and poor and delivers the value of worker labor power to the rich owners. The rich can’t control it any more than we can. They have their hand on the wheel through the state, which is just a mechanism that solves problems created by capitalism that can’t be exploited for profits, to violence. But they’re as ensnared by the system as we are. It robs them of their humanity the same it does ours.

    We don’t overthrow capitalism to punish the rich, we do it to save everyone from it, and try to restore peoples humanity. The greed of the rich almost doesn’t matter, the system has a logic all its own.

    The social system similar to what you describe, which is basically feudalism of nobles and serfs, has its own rules and arose out of its own conditions, like capitalism arose from the revolutionary overthrow of feudalism. Maybe capitalism will give way to some worse form of social relation, I suspect many people are working on that as we speak. But that’s why we have to fight and win for a better system

    Socialism or barbarism!