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?
The kind of foresight I meant is just seeing that something bad can happen but maybe it can be stopped. We’ve been sprinting toward climate catastrophe for decades now. There’s almost zero chance most of those in power don’t know they’re doing that.
Is there any precedent for any country on earth instituting a long term basic income program? I honestly think the pieces of shit in power in America as of this month would rather watch the entire world burn down than do something like that. Trump might prefer having his penis cut off than doing it. So yeah, even if there’s precedent for something like that, you need someone in power that employs logic more consistently than what we’ve seen for a while.