Saturday, December 30, 2023

Collapse

I'm not a communist but clearly unchecked free market capitalism turned out to a failed experiment. Relying on the economy itself to settle societal problems is what led much of the world (most flagrantly the US) to where we are now which is a level of inequality the likes of the human race has never before seen. When the top 1% has more more amassed wealth than the bottom 99% you know that something has clearly gone wrong.

Back in the 1950's there was at least a reasonable level of taxation in the US which forced the highest income earners to feed into the fund that would enable government to build a nation which was then ripe for the formation of a healthy middle class.

Today's largely Republican-propagated myth that wealth eventually comes to those who toil hard enough is ludicrous given that much of US wealth is simply passed down within the same families. Trump for example started off with $200M inherited from his father which does much to destroy the myth of the self-made man.

As every day more people wander the streets because they can't afford housing, cities start to increasingly become unlivable which begs the question why the ultra wealthy would want their own country to collapse around them. The short answer is that most people don't think about societal issues further than the tip of their nose which is why historically things must always collapse to properly drive home a message.

We're simply too dim to do any better.

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