this post was submitted on 05 Dec 2025
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Steve still doesn't quite see that this is the capitalist system working as intended - serving the owner (capitalist) class, but he's definitely getting radicalized by the current reality of it.
The worst of it hasn't happened yet. The point where consumers can no longer afford to consume is coming. The system isn't self sustainable if they continue to chase profits in the short term regardless of what happens in the long term. They're creating a system where only they will be consumers and that leads to a devaluation of all the currency they're hoarding.
Prices can't continue to go up if people can't afford things. This price hike is going to have far reaching consequences and increase prices of everything.
The people of Germany were burning German marks in the street. They traded goods for goods when they were available, and burned the money for warmth.
The rich of our current generation seem to think they can golden parachute out of this. They haven't thought about the long term repercussions of a world power of the US's magnitude descending to third world country status, but that's what is coming.
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
Its mostly already arrived.
"As of June 30, the top 20% of earners accounted for more than 63% of all spending"
source
This means that the other 80% of Americans represent only 37% of the spending done today. If a company is looking to maximize profits the typical path is to do so by marketing to the group where they could earn the most money. That is less and less the bottom 80% of Americans.
But the top 20% can still spend. That number is going to drop off a cliff when the stock market tumbles, and the spending with it.