tags: #collapse #capitalism #line-goes-up #economics
idea
Market makes investors richer than workers[1]. Capital grows faster than wages.
In the end this results in a state where the rich (looters) can only take capital from other rich. This creates a situation where in-fighting and war are the only solutions for them to increaser wealth (see WW-I).
When the situation reaches a tipping point, society collapses, the workers rebel and destruct capital, and that creates a more equalitarian, prosperous situation (see WW-II and French revolution)
links
references
[1]: From Cory Doctorow: ref link
Bill Gates founded Microsoft in 1975 and he stepped down as CEO in 2000. In the intervening 25 years, he built the company into the most profitable firm in human history and grew very, very rich. This is Market Lore Canon: found a successful company, grow rich. [...] he grew his personal fortune over those years in extraordinary ways, and not by investing it, but rather, by founding a company and working at it.
Bettencourt was born very, very rich, heiress to the L'Oreal fortune. Unlike Gates, Bettencourt didn't have a job. She just sat around, while financial planners invested her family money. Over the 25 years when Bill Gates was growing Microsoft from zero to the most successful company in planetary history, Bettencourt made more money than Gates. Gates made his money by doing something. Bettencourt made her money by emerging from a very lucky orifice and just hanging around.
But here's the kicker: after Bill Gates quit Microsoft, he became a professional investor. He stopped doing a job and started investing in companies where other people were working. Over the next 13 years, Bill Gates (investor) made more money than Bill Gates (Microsoft CEO) made in his 25 years of doing a job. He also made more than Liliane Bettencourt.