| ▲ | jameslk 2 hours ago | |||||||
> They will corner finite resources and land. They need a lot of money to do that. Where do they get it all from? Not the jobless masses I presume? Investors don’t usually like to invest in companies that aren’t going to eventually earn any revenue either | ||||||||
| ▲ | strken 2 hours ago | parent | next [-] | |||||||
Money is a mirage. You can't use dollars to hold land; you need force projection. Once upon a time that meant guns and soldiers, but today it increasingly means drones. Drones mean mines, factories, supply chains, chemical plants, and farms. Money can buy these things, but it's not the only way to get them. You can chase the money around all day, but money is only one small part of wealth, and wealth can increase with no injection of money at all. | ||||||||
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| ▲ | lumost 2 hours ago | parent | prev | next [-] | |||||||
The abstraction of capital and money get a bit funny when wealth is sufficiently concentrated. If there is a monopsomy (one buyer), then they can largely dictate the price of anything. If they also control violent coercion via a captured state or other means, then they can compel production at that price point. The idea of capitalism only really makes sense when wealth is reasonably distributed such that there is still reasonable competition in both the marketplace and control of the state. | ||||||||
| ▲ | pixl97 an hour ago | parent | prev [-] | |||||||
You mean like the Russian oligarchs that keep 'investing' in the war they are in... oh, you mean where they fall out a window when they don't. The next thing is the idea of money really does break down once you get automation without people. If you have said automation and enough materials to get going you can start increasing your 'wealth' in things like factories/robots/data where the now unemployed stop having any means to make more money. Hence you'll start buying up properties from people that are going bankrupt. | ||||||||