Re: Nothing Can Prepare You for Life With Hyperinflation

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VodoundaVinci wrote: Sun Apr 07, 2019 8:11 pm The whole scenario reminds me of the last few rounds of a game of Monopoly. Ever play Monopoly? Sure you have.

At the end of the game one person owns all the stuff. The rest of the players are simply deciding who dies last while the one who controls Boardwalk and all the Utilities collects money every time you go round the board. It's over but it ain't yet done. Capitalism took over after Slavery and Feudalism burned out. And now Capitalism has burned out - reached the end of the Monopoly Game. It was inevitable and there is no surprise *except* that we have not prepared the world for Life after Capitalism. Communism = bad. Socialism = bad. It's all bad. Bad, bad, bad.

So what now? Fix Capitalism? Shuck it for Socialism? Give up and kill each other? We have not even initialized a conversation about where we go from here. "if ya don't work - ya don't eat!" Cool. AI and Robotics have eliminated 90% of the jobs and yer kids/grand kids dint work today. Sucks to be you! Off to the extermination camps they go! Buh bye. No jobs = no food, medical care, housing, education, clothing or survival.

What now? Capitalism has reached the end of it's run. what now? We eat each other?

VooDoo
I don't think it is yet so simple. With many hundreds of millions living under these velvet-gloved and iron-fisted oligarchies, control will be contested. The GOP has thrown their lot with anti-democracy and pseudo-theocracy. Corporate Dems might fight or cooperate with DSA and other lefties. That will be the interesting part because so much money is involved.

European, Asian, and other countries will side with Chinese-style technocratic authoritarianism or something else resembling social democracy, oligarchy, authoritarian pseudo-theocracy, or whatever they fight out in the end.

We live in interesting times. Capitalism has been exposed as corrupt in many countries.
It is an unfortunate human failing that a full pocketbook often groans more loudly than an empty stomach.

- Franklin D. Roosevelt

Re: Nothing Can Prepare You for Life With Hyperinflation

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Back on topic... from this weekend: Surge in risky loans to corporations sparks fears of another financial crisis

Actions by federal regulators and Republicans in Congress over the past two years have paved the way for banks to issue more than $1 trillion in such loans.

https://www.washingtonpost.com/business ... story.html
It is an unfortunate human failing that a full pocketbook often groans more loudly than an empty stomach.

- Franklin D. Roosevelt

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