yay855:

lizardvvizard:

and that’s The Mood ®️

The thing is? There kind of is none. The hyper-capitalist who stomps on other people’s heads to jump higher is actively ruining themselves just to screw over others. They’re destroying the economy and people’s trust in corporations, and gaining short-term profit in exchange for long-term viability. And it isn’t even like the effects won’t happen until they die either, as the two back-to-back market crashes (the dot bomb and the housing crash) can attest.

Higher employee wages mean that employees have more money to spend, which means that they purchase more goods and services. When the masses purchase more goods and services, the people selling such goods and services earn more money too. This is the basis of capitalism- the flow of money from person to person.

A farmer spends his time toiling in the fields to grow a crop of wheat. That wheat is purchased by a company which turns it into flour. That flour is purchased by a company that turns flour into bread. That company which makes bread sells their product to a grocery store, where many people, the farmer included, shop.

That’s a very simplified version of the money cycle, in reality there are very few direct lines from A to D; they normally branch out heavily. The farmer would purchase fertilizer and tools and such, not just food. The mills and bakeries would spend money on employee wages and tools and electricity. But, it’s a good way of showing how money changing hands is a good thing.

The entire reason why the current economic climate is so predatory is because predatory capitalism breeds predatory capitalism. The company which abuses its workers and flaunts safety spends less money, and thus sells a cheaper product. The people who still have money naturally flock to the cheaper product because it means that they have more money to spend on other things. As a result, the other competing companies are forced to either go bankrupt, or fall to the level of their competition.

Add on to that the fact that all companies are built for the exclusive purpose of making as much money as possible, and that corporations (companies which are publicly traded via stocks) exist solely to make an ever-increasing amount of profit. A corporation which does not increase its total value risks losing everything, because the stock holders will sell their holdings in that company out of fear it’s going to start having a loss. And that also means that corporations cannot take short-term losses for long-term gains, because it means they’d go bankrupt via their shareholders pulling out.

And then add on to that the fact that privately-owned companies can risk taking a long-term loss to create a monopoly via pricing their competition out of the market, so that they can make as much money as they want later on, as Uber is currently doing, and as Walmart does in small towns.

And then add on to that the fact that the vast majority of blue-collar jobs are dying out as automation increases and transportation costs lower. Coal mining, smelting, garment-making, and more are all dead in the US, with some being replaced by automation and some being replaced by foreign slave labor. The only blue-collar jobs left are driving, food service, retail, construction work, and repairing machinery. Soon, vehicles will drive themselves, and restaurants and stores will run themselves. We’re already seeing it happen, what with self-serve checkouts replacing cashiers, the ever-looming self-driving car, and drone delivery services. Soon enough, there won’t be enough blue-collar jobs to sustain the population, especially with how it keeps increasing.

Maybe the loss of blue collar work wouldn’t be so bad given that there are theoretically other jobs, but the fact is that, at least in the US, education is itself an industry that exists to make money. Meaning that blue collar workers will never actually rise above their station, not when colleges can squeeze every last drop out of the middle and upper classes.

Add on to that the shrinking middle class, and we have a recipe for economic disaster that will permanently destroy the global economy unless something is done.