And since then, productivity exploded. Machines and automation everywhere. We are in the age of overconsumption. And value is created at an always acceleratind pace.
But then things started to slow down. But wealth growth can’t slow down! It has to grow, always, and always faster. So when “produce more” stopped working, they turned to “produce for cheap”.
They started cutting spendings and benefits. But it wasn’t enough. And they told western workers that they were no longer competitive. Yes, that plant they’re shutting down was making money. But it would make MORE money in China and other third world countries.
And while plants were going away, salaries got stagnant. Wealth was growing again!
But then the growth slowed down again. So they bought governments to get huge subsidies they could funnel in their wealth growth again.
And now plants are “optimal”. Wages are low. Govs hand out money. Why is it not working?
Because they impoverished so much the working class that there is no one left to buy the goods they produce.
The problem is obvious to anyone looking: money is needed for the economy to run. If it’s all locked up by oligarchs, then it serves no purpose and the economy suffocates. And there is no remote way a handful of people can manage the world’s economy. “Trickle down economy” has failed everywhere and everytime it was attempted. So they’re terrified. Terrified of the working class, terrified of common good, terrified of common sense.
So to make sure they can keep hoarding whatever is left to get, they turned to fascists and propped them across the world, by controlling medias and flooding social networks.
And here we are: in the age of overproduction and mass poverty combined, with a class of scared oligarchs ready to take the world down with them as long as no one stops their wealth hoarding.
It’s interesting watching how China has reacted to having the same problem. By helping build infrastructure in other nations they help create the economic conditions required for permanent job creation. More jobs leads to more pay, more pay leads to more purchasing power, and more purchasing power leads to more imports.
China is creating consumers rather than juicing them. Not that their ideas are innocent, but they are more coherent and beneficial.
You’d think that productivity would explode, but the productivity paradox says that it really has stalled out. It stalled in the 70s to the 80s, and then stalled again around 2000 and hasn’t really grown since.
Wealth has continued to grow unchecked, but for some reason even though computers are getting more and more powerful, workers aren’t getting more done. AI is only making this worse.
And since then, productivity exploded. Machines and automation everywhere. We are in the age of overconsumption. And value is created at an always acceleratind pace.
But then things started to slow down. But wealth growth can’t slow down! It has to grow, always, and always faster. So when “produce more” stopped working, they turned to “produce for cheap”.
They started cutting spendings and benefits. But it wasn’t enough. And they told western workers that they were no longer competitive. Yes, that plant they’re shutting down was making money. But it would make MORE money in China and other third world countries.
And while plants were going away, salaries got stagnant. Wealth was growing again!
But then the growth slowed down again. So they bought governments to get huge subsidies they could funnel in their wealth growth again.
And now plants are “optimal”. Wages are low. Govs hand out money. Why is it not working?
Because they impoverished so much the working class that there is no one left to buy the goods they produce.
The problem is obvious to anyone looking: money is needed for the economy to run. If it’s all locked up by oligarchs, then it serves no purpose and the economy suffocates. And there is no remote way a handful of people can manage the world’s economy. “Trickle down economy” has failed everywhere and everytime it was attempted. So they’re terrified. Terrified of the working class, terrified of common good, terrified of common sense.
So to make sure they can keep hoarding whatever is left to get, they turned to fascists and propped them across the world, by controlling medias and flooding social networks.
And here we are: in the age of overproduction and mass poverty combined, with a class of scared oligarchs ready to take the world down with them as long as no one stops their wealth hoarding.
It’s interesting watching how China has reacted to having the same problem. By helping build infrastructure in other nations they help create the economic conditions required for permanent job creation. More jobs leads to more pay, more pay leads to more purchasing power, and more purchasing power leads to more imports.
China is creating consumers rather than juicing them. Not that their ideas are innocent, but they are more coherent and beneficial.
You’d think that productivity would explode, but the productivity paradox says that it really has stalled out. It stalled in the 70s to the 80s, and then stalled again around 2000 and hasn’t really grown since.
Wealth has continued to grow unchecked, but for some reason even though computers are getting more and more powerful, workers aren’t getting more done. AI is only making this worse.
No paradox. The wealthy didn’t want plenty; they wanted control.
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