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?

  • Jamablaya@lemmy.today
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    1 day ago

    Money isn’t finite, that’s why billionaires and soon trillionaires exist. They couldn’t ( or literally had to be an emperor) when money had a closer relationship to reality or was gold. Anyways, because of the nature of our currency now, the size of their pile has zero effect on the size of your pile. “No new cars, no tech gadgets, no fancy dinners, no vacations, no disposable income.” not how it works. If you add up the 20 richest Americans, you get close to 2.7 trillion, which is the estimated amount of physical cash in circulation. None this shit is real. American national debut is 36 trillion. Ever saw an actual cash shortage? Like not a personal one, the money not existing to complete a transaction, like not being able to move cash you hold to another person because of lack of availability of signifiers? Not a thing anymore.