Late Cycle Capitalism

[SuburbanFarmer]

Again though, comparing my quality of life to a sub-Saharan African isn't very useful. I'm a sub-Saharan African in comparison to the American 1%. And they're sub-Saharan Africans in comparison to the .1%.

My productivity is orders of magnitude greater than an American factory worker. But I'm not compensated accordingly. The benefits all go up the ladder to the 1%er at the top of Corporation X, which then get wasted on marketing/overhead/lobbying, etc. That is not a sustainable situation, and whole fucking lot of us "Global 1%ers" are fed up with it.

[jediuser598]

Again though, comparing my quality of life to a sub-Saharan African isn't very useful. I'm a sub-Saharan African in comparison to the American 1%. And they're sub-Saharan Africans in comparison to the .1%.

My productivity is orders of magnitude greater than an American factory worker. But I'm not compensated accordingly. The benefits all go up the ladder to the 1%er at the top of Corporation X, which then get wasted on marketing/overhead/lobbying, etc. That is not a sustainable situation, and whole fucking lot of us "Global 1%ers" are fed up with it.

You know it'd be fine if they actually did stuff like pay taxes, or served in the military, or had to abide by the same laws that we do, but they don't.

What happens when the biggest corporations and banks fail? They get bailed out by the government. It's also better to be rich and guilty than poor and innocent.

[SuburbanFarmer]

I’ve been saying for a while now, the 2008 bailouts broke the American social (and economic) contract in a very real way. We have not seen the true fallout from that yet.

[jediuser598]

I’ve been saying for a while now, the 2008 bailouts broke the American social (and economic) contract in a very real way. We have not seen the true fallout from that yet.

And that was bipartisan. Both Bush and Obama. Democrats and Republicans we're both shoulder deep in the destruction of social contract.

[Hastur]

In the Netocracy the managers of information are the elite. The new subordinate class is the consumtariat.

In feudalism, the source of power was the ownership of land, legitimized by religious ideology. In capitalism, the source of power is the ownership of the capital, with money as the measure of social status, private property as the fundamental legal concept and the market as the dominant field of social exchange, all this legitimized by the humanist ideology of Man as an autonomous free agent.

In the Netocracy, the measure of power and social status is the access to key information; money and material possessions are relegated to the secondary role. The dominated class is no longer the working class, but the class of consumerists, Consumtariat. Those who only consume the information prepared and manipulated by the Netocratic elite. The new base of power is the network. The number of people who access the information you put out there.

The instability, as I perceive it, today comes from the fact that we don't have a new ideology to legitimize this new power structure. The current Netocratic elite is being challenged by new competing sources of information. The thing about information is that contrary to land there is no outer limit to its expansion and there no limit to the speed of its growth which is the case with capital. The current Netocrats can't monopolize their power source the same way that the feudal lords and capitalist 0.1 percenters could.

The way they try to handle this conundrum is by going backwards and trying to hem in free speech not realizing that by doing so they threaten the underlying stability of capitalism upon which this whole new paradigm is built.

[Martin Hash]

That's pretty good. Is it yours?

[DBTrek]

Again though, comparing my quality of life to a sub-Saharan African isn't very useful. I'm a sub-Saharan African in comparison to the American 1%. And they're sub-Saharan Africans in comparison to the .1%.

My productivity is orders of magnitude greater than an American factory worker. But I'm not compensated accordingly. The benefits all go up the ladder to the 1%er at the top of Corporation X, which then get wasted on marketing/overhead/lobbying, etc. That is not a sustainable situation, and whole fucking lot of us "Global 1%ers" are fed up with it.

Ah, the ridiculous rage and pessimism of the class warfare mindset.
“Someone has more than me, therefore, in spite of all the conveniences, comforts, and material goods I enjoy, I’m a victim!”

Fuck the fuck off with that juvenile noise.

[clubgop]

My productivity is orders of magnitude greater than an American factory worker. But I'm not compensated accordingly.

How the fuck do you figure? You work for a government agency do you not? You and they produce nothing. Fuck off with that bullshit.

[Speaker to Animals]

I think the information-based economy is a bit overstated. We still need food, shelter, tangible products, etc. Information is important, but it's not the foundation of a developed economy. Not yet anyway and not any time soon.

The bigger problem is what the world is supposed to do with people of average to below-average IQ when automation and artificial intelligence begin to take most of the jobs.

That's where capitalism is going to fail and need to transform into the next economic system. Otherwise, we are going to end up with a nightmare welfare state.

No matter what, we need a new frontier to send people out into. Imagine what the environmental factors present in living in space would do to human evolution with respect to IQ.

[GloryofGreece]

I think the information-based economy is a bit overstated. We still need food, shelter, tangible products, etc. Information is important, but it's not the foundation of a developed economy. Not yet anyway and not any time soon.

The bigger problem is what the world is supposed to do with people of average to below-average IQ when automation and artificial intelligence begin to take most of the jobs.

That's where capitalism is going to fail and need to transform into the next economic system. Otherwise, we are going to end up with a nightmare welfare state.

No matter what, we need a new frontier to send people out into. Imagine what the environmental factors present in living in space would do to human evolution with respect to IQ.

And whose to say it wont be more nefarious than that? Hell, we could be eradicating "undesirables" by diseugentics and sterilizations etc. to even flat out slaughtering people, who knows? It could be like that not so good movie "Cloud Atlas" or Hunger Games to take your pick.