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?

  • daniskarma@lemmy.dbzer0.com
    44·
    1 day ago

    Let me introduce you to the wonderful concepts of feudalism and slavery.

    You think that people have nothing to lose but their chains. They think people will have nothing to sell but their bodies.

    • Tujio@lemmy.world
      9·
      20 hours ago

      There are steps in between. I think the next one will be company towns. Massive company buys a giant plot of land in the middle of nowhere. Builds a whole business complex there. Offices, manufacturing plant, shipping/ receiving infrastructure, etc. Then they build track housing around it, build a company-run grocery store, a private school completely funded by the business, etc. Invite in a bunch of familiar national chain restaurants, but make sure they’re all franchised, so they’re owned and operated by the company.

      Then they recruit. They offer half decent wages. Nothing great, but they sell it to people by offering to pay for moving costs and massive discounts on company-owned houses.

      These houses are brand new and waycheaper than a condo in the city! [pre-fab, low-cost bullshit that looks good but disintegrates in a couple years]

      Come meet the neighbors! They also work for us, so you’ve got a lot in common! Built-in new friend group! [your boss also loves a block away and pays attention to your social life]

      Your kids can go to school for free! [where we teach them to be good wage slaves for the next generation]

      Soon, there will be an entire town 100% owned and run by the company. Wages will stagnate, prices will skyrocket. Workers will get in debt, all owed to the company. People will start to realize, but what the fuck are they gonna do? Company owns their mortgage, which is now under water. They’ve lost contact with all their old friends, because they live three hours outside the city and have had to work every Saturday for months.

      Viola. Entire areas of wage slaves.