Corporate culture is based on constant growth and ever increasing profit margins. Eventually they’ll amass so much of the wealth that most of the lower class won’t be able to purchase anything other than essentials like food.
No new cars, no tech gadgets, no fancy dinners, no vacations, no disposable income.
When we get there the economy collapses because there’s no money going into it.
The profits stop rolling in, unnecessary goods stop being produced, and the luxury goods producer’s shut down.
At this point the money they worked so hard to hoard becomes worthless because they can’t buy anything with it.
What’s the endgame for them if their current path takes them to a point where their assets are more or less worthless?
They don’t think about endgame. The life they live is one without consequence; they have no intention to start thinking ahead, that’d make them uncomfortable.
Also, this endgame is already manifesting. Remember all those headlines about millennials killing “X” industry? Less wealth in the working class for luxuries that previous generations would have enjoyed at the same age. Before long it’ll be not enough wealth for certain luxuries outright.
The end game is 1 person with all of it.
It’s even better than that, because the massive inequality created by Capitalism has already got us to a state where the human population is going to collapse within the next few decades, even if climate change doesn’t do it first. Simply, most people never feel like they can afford to start a family during the years when they would have started one before. The oligarchs know this and are freaking out about birth rates now, but it’s already too late - can’t be King of the mountain if the mountain is only a hill.
There’s a solution for reducing population while increasing birthrates: war, pandemias and forced inoculations (physically or by peer pressure).
Why would they do any of that when they could simply use HAARP to trigger a Mandela Effect and change reality though? Seems like hard work.
/s, right?
Right?
And I’m downvoted versus an actual anti-vaxxer? What a world.
There are 3 key necessities for UBI/freedom dividends:
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It redistributes power not wealth. Bad greed is oligarchy capturing your rulers. UBI weakens politicians discretion, because just paying everyone more cash instead of their corrupt ideas is “idiocracy proof”. Power redistributed to workers where everyone who wants a job gets 5 recruiter calls per day offering a better job. We all get greater power to say no to anything. Quality of life becomes exceptional without crimes of desperation, and the divisive hate that is easily manufactured from crime.
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Redistribution means massive economic growth and overall prosperity even as it all trickles up to make the rich richer. “Velocity of money” is the key economic concept, but as income trickles back up to workers and owners, it means that the rich have to invest more to take all of our money.
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The alternative is genocide. Oligarchy having all of the money and power, and AI/robotics to do work, means robocop detroit for Americans, and war on rest of the world to take their land. It doesn’t matter that far more wealth can be generated with more people to sell stuff to. The logic of pillaging America/world for oligarchs with ever decreasing tax rates on corporations and the rich means more relative wealth and power for the oligarchy and its political minions.
This 3rd point is similar to yours. Except its not just “This is America, if you don’t make money you’re a douchebag”, and the rich just give up on life, it’s “you need to be exterminated because you are useless to the rulership.”
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If they thought as effectively as the question in the title, they wouldn’t be doing what they’re doing.
The same as with all cancers unless it’s killed in time.
the conspiracy brain in me, looks at ranting from people like elon musk, who say there’s going to be a population collapse, and Im thinking of Resident evil, (the bad movies).
I think they’re banking on the hope that in 20 years there’s going to be billions fewer people in the world, we’re already close to setting it off with the unprecedented increase of state vs state wars since 2020. Azerbaijan/Armenia, Israel/Levant, and even bigger ones that we’ve not seen since the 80s like Russia/Ukraine and with all probability, China/Taiwan by 2028 at the latest.
they’re banking on there being less people to feed, house, and otherwise provide for. so they can fall back to a kind of corpo-feudalism
I don’t think there’s any coherent end game for global oligarchs, just the habit of acquisition and growth without limit. It’s a kind of mental illness, in my opinion. As they say, the world has enough for everyone but not enough for the rich.
In terms of population and the ruling class it’s interesting to consider feudal Europe. Lords had complete control over those who worked their land. Serfs even needed permission from their lord to leave their village for any reason, they had no freedom to look for a better life elsewhere. (Incidentally this is why there are so many accents in the places like the UK—isolation lead to language differentiation.)
The Black Death destroyed the feudal system due to population collapse (on a scale that’s difficult to comprehend) and the nobility suddenly had to compete for workers, offering better pay and conditions to lure them to work their land. This lead to increased social mobility and the rise of the middle class.
We may be heading towards a new feudalism but it’s difficult to predict what it might be like, especially if there’s a population crash. Capitalism needs consumers no matter how much automation is employed to produce goods.
A frozen economy. The families with capital are the ruling class, and for every else there is zero mobility. Since the ruling class is not a state, it isn’t bound by democracy or a constitution, and it doesn’t have to give anyone shit. There may be some incentive to keep the lower class happy and alive, or there may not be.
Back serfdom and nobility.
This leads to the total collapse of global society
What’s the endgame for them if their current path takes them to a point where their assets are more or less worthless?
Get too rich, too powerful, burn the earth, and die happy before the consequences of their behavior catch up with them.
No, they won’t be happy. They’ll be desperately trying to convince themselves they are, though.
Feudalism
Robocop sort of addresses this.
I think the ultra wealthy and powerful understand that revolution becomes more likely as the majority’s material conditions declines, so their endgame is to throw just enough crumbs to the majority so that they don’t want to risk losing those crumbs. Many of today’s ultra wealthy and powerful seem exceptionally out of touch with reality and dumb though, so idk. Some are accelerationists (i.e. e/acc), and purposely avoid taking into account possible negative consequences.
It reminds me of the ultimate game of monopoly I played as a kid (on a handheld). I had complete control over the board. I had bankrupted two of the AI’s, but in order to keep line go up, I’d have to keep the last one around. Every time it’d get low on funds I’d offer to significantly overpay for one of its’ few properties, and then sell it back for a dollar.
I got to around 30k before the game either just quit, or the battery died.
They want control of governments so they can wield total authority over the working class and exploit them even harder than they already do. Amazon will make showing up to work late a felony punishable with jail time. Oh and the jail is actually an Amazon fulfillment centre.
with sufficient technology and capital, they should be able to stave off any kind of revolution. and then the question becomes whether or not there is any incentive to keep the plebian class happy or alive.
There is no End Game.
They’re insulated from the short term consequences of their actions and believe that infinite growth can exist inside of a finite system. They treat their bank accounts like a high score board instead of resources to use. Their personal actions can be classified as “banality of evil” because it’s so routine and common place in their circles.
People might point to Musk’s old obsession with Mars, but that has been shown to be nothing more then a dopamine feedback loop. He said things that got him praise, so he kept saying them. When people kept asking about missed dates, he got angry and found a different audience for his dopamine feedback loop.
Don’t forget, those of us who “produce” aren’t even a consideration.
The working class will starve. We’re already working on it with inflation, but managing to keep enough calories coming in.
Soon, the billionaires will have no labor to produce food, and no labor to stock food, and no labor to handle their banal shit.
Then, they will hunt us for sport. Or, more likely, a few class traitors will hunt and butcher us while they go hungry and the billionaires eat of our flesh.
So, eat the rich before they eat us. Got it.
