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Shareholders don’t need to make profits anymore because they literally own everything and are actively participating in a coup to keep it that way.
“Product hoarding” conflicts with wealth hoarding. The only logical solution is to make less durable products that quickly wear out with frequent use.
That way consumers are forced to spend more and contribute more to the hoarded wealth of individuals who know very well they won’t be able to spend their fortunes before they die. However their desire for more and more wealth to hoard is limitless because it acts as a useless status symbol amongst other wealth hoarders.
When consumers become concerned about skyrocketing cost of living and wealth inequality, the wealth hoarders will remind them they’re lazy and greedy. If they didn’t want to be poor they should have worked harder (like them) or been more careful not to spend all their money on “frivolous purchases.”
However if consumers don’t spend enough money on frivolous purchases, they’re not being smart, they’re “product hoarding.” When consumers don’t have money to spend, but the wealth hoarders continue to churn out shitty products that they know nobody will buy, the economy will collapse.
The wealth hoarders could afford to take the hit. It might even help them understand cause and effect, so they don’t just keep making the same mistakes in the future. They could even use some of their hoarded wealth to get themselves out of the hole they dug by just giving it to the consumers to spend on their own products. But instead, they’re usually just given a bailout because they’re too big to fail.
After all, the economy would collapse without them…
Counterpoint: Linux on the desktop works now
Linux is famously both American and Corporate /s
But yeah sytsem76 and valve are both american and valve is corporate. And around Lemmy you would think they are the only ones responsible for the Linux boom.
It’s a little bit of both of those nowadays with all the corporate maintainers and the fact that the Linux Foundation is headquartered in the US and Torvalds lives in the US too
But really it’s still a global effort
Hannah Montana Linux can run code on time itself and create whatever you want from nothing.
Actually, everything is working as intended
This single diagram really tells you all you ever need to know. And yet a lot of people in the bottom 50% think that the gays or refugees are to blame for their problems.
all you ever need to know
There is a line missing, for the 0.001%.
And they also might magically become the 1%
The only point here, as always, is that everybody and anybody who thinks that this chart and only this chart is what matters, is objectively a fucking idiot who has disqualified their own opinion, along with those implying it is a real, serious opinion, which it is not.
Oh dear god I had not seen that graph updated in some years.
I feel like the tiny little uptick in the red line at the end is just a lie to try to give us a smidge of hope.
Now lets see it adjusted for the real value of the dollar over time! :D
why? the lines aren’t going to change.
WTF happened in 1971?
LBJ wanted to have social spending and have a massive knockout punch in Vietnam. Instead of a knockout punch, the War turned into a massive quagmire. It was costing the US a fortune, but LBJ didn’t want to raise taxes, so he printed money. Nixon got elected and doubled down on the War and using inflation to pay for it. Then the OPEC oil embargo hit and inflation went through the roof.
Jimmy Carter’s plan [controlled by Fed chair Paul Volker] solved inflation, but by the time it kicked in Carter had been replaced by Reagan. Reagan deregulated a lot of industries and let them run wild.
In 1968, ‘middle class’ was defined as one Union job supporting a family of four. At that time $1 million was a vast fortune. By the time Bush Sr. was out, ‘middle class’ meant two incomes to run the home, and $1 million was what a rich guy paid for a party.
Whenever you want to understand the state of the USA, consider George Bush, president, father of George Bush, president.
We’re a fucking Middle Eastern dynastic fiefdom, with fucking nukes.
The funny thing is that Bush Dr. castigated Reagan’s tax cuts as ‘voo-doo economics’ when they were running against each other in the primaries. Once Reagan won the nomination, Bush signed on whole heartedly
Apparently it’s so common a question it’s made into a domain https://wtfhappenedin1971.com/
a domain with spurious conclusions
Republicans. Go figure.
after a bit of a search, Nixon happened
there’s a how history words vid on the subject https://youtu.be/HchNA3a9L5E I dunno if it tackles your question tho, as if haven’t watched
When it’s not working, it’s working.
do you have the latest software update though?
It’s because of all the wokeness.
Obviously. Once we ban trans girls from playing volleyball, all our problems will be solved.
It all turned to shit.
As all things are wont to do in the long run.
One day, you too will be food for worms, who will then shit you out (well, your soft tissues at least).
“We have finally eliminated planned obsolescence. We have replaced it with instant obsolescence.”
And yet the somehow charge more for it.
Tuned for optimal exploitation.
I sometimes ask people, “Do you think that in 500 years, capitalism will still govern the world? Is capitalism the last system we will ever see, and is it the single best system humanity as a species could possibly come up with?”
And they are just dumbfounded and don’t know what to say, because they can’t even imagine the concept of an alternative.
Well, capitalism has been around for thousands of years so I don’t see why it would simply just disappear in the next 500.
Like is often said, for many it’s easier to imagine the end of the world than it is to imagine the end of capitalism.
Capitalism still works!
My car runs forever and my tires run even when flat. Nah bro
Well that’s good news. Now I can finally relax. I’m going to go lay down in my back yard, that is nothing but dry dirt, and stare up at the pollution clouds in the sky. Good time, good times.
Oooh look at Mr. Fancy over here with a dry dirt yard and pollution clouds in the sky! We used to dreeeeam about dry dirt yards and pollution clouds, instead we were happy in our pit of acid rain, and we didn’t complain, either!
I like the author xe cution
Cars are vastly more reliable. Clearly you weren’t around for carbs.
Sure, but I can fix a carburetor with a wrench and a screwdriver. Can’t do that with modern cars.
starting to not even be able ro change their brakes
Are you aware that next to your name are two red warning triangles telling everyone you’re of dubious character?
I don’t see the triangles. Is it because I have trials too? Now I’m paranoid.
Yep. There is a huge echo chamber here who don’t like when things like, cars being objectively more reliable, are pointed out.
