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this post was submitted on 28 Mar 2026
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Late Stage Capitalism
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We could stop the money printing that debases salaries and encourages massive debt accumulation that eventually leads to collapse?
Imagine if you didn't need a raise and your wage went up with technological advancement and efficiency gains, where your employer had to cut your salary every year for inflation adjustment.
But my capitalist indoctrination said that not shoveling cash at the wealthy is what caused the Great Depression! Everybody knows that!
How else could we financialize everything, building a wall of debt in front of inelastic goods like housing, forcing people to take on a lifetime of debt so the rich can attain more wealth on the backs of the poor.