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If it happens gradually, then some will go out of business while others will modify the ordering to appeal to those with money. If it happens suddenly that people don’t have money to spend, then governments will try to bail them out with public money, thus accelerating the public’s descent into poverty and then some will go out of business while others will modify the offering, etc.
But the thing is, people who have the financial power or political influence to prevent common people from going into poverty don’t stand to loose from this collapse. People with power and money increase their power and money both when thighs go well and when they go bad. Unfortunately more so when they go bad.
Unless, of course, the French Revolution happens.
Unfortunately I think the only sort of revolution any country in the "West" is likely to see in the near future is a fascist one. Things haven't been going too great for the past N+1 years, so morons are flocking to the extreme right in droves because they promise easy solutions to complex problems – namely murderizing the fuck out of anyone who's not like them
Well, the French Revolution wasn’t really that goes for the people of the time either. It was an extreme event which punished innocents too. The eventual changes in society were the beneficial ones. The same is true about WW2 I guess.
Yeah that's true, their revolution did fail in many ways and basically just turned into more of the same for a long time
The first 0.1%er to die wont be the beginning of their downfall. It will be the beginning of corporate extraterritorial privilege. Corporate armed bodyguards will be afforded the same qualified immunity as police. Why would the government allow this? Because who would be next on the chopping block after the billionaires? Them so a politician walking down the street wouldnt have to fear being egged or assaulted because if you shove your hand into your pocket near them the worst that can happen is they have to pay a wrongful death settlement when their bodyguard shoots you and the bootlickers will endorse it because "everyone should have the right to protect themselves" and the masses wont kick and scream because they never do.
I know your thinking thats not how a revolution works, 2 guys with guns isnt that scary we have numbers! Tomorrow its 4 guys with sub machine guns and the week after it looks like a PMC convoy in Falujah. Yeah you might get them, but who is volunteering to be in the front row trying to charge down a mounted belt fed machine gun on an SUV?
How many people do you know who cant tell the difference between the "upper middle class" and the uber-rich? People who wouldnt be able to differenciate between killing someone for driving an Audi vs the CEO of the Volkswagen-Audi group? It would descend very fast into checkpoints into certain neighbourhoods and gated communities with heavily armed guards.
I genuinely believe things can only get worse.:)