this post was submitted on 17 Sep 2023
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Guillotine all the billionaires and redistribute all their wealth. That's an important first step
I gotta admit......
That's like cutting off the top layer of the skin cancer without addressing the underlying causes.
It's a fun "fuck the man" statement that's worse than worthless because it makes solutions seem like they need to be radical without actually proposing a real solution.
It's been done before. How did that work out for Russia? Or China? Or anywhere else that the rich died at the hands of the poor?
What happened was that corruption was always the underlying cancer and it never actually went away, it just changed around what organ it infected as one was cut out and replaced by another.
Want to see billionaires lose all their wealth? Create a labor backed "proof of work" currency system they can't buy into and stop considering their money to have value. No blades required. Just pay taxes on estimated profits so you play by the rules. What happens to a billionaire when the dollar value of a gallon of milk goes through the roof but the labor value for it remains constant?
Corruption loves to live among middlemen. And we live in an age where most middlemen can be cut out of transactions. And within the decade that's going to be even easier.
What do you think is going to happen when open sourced AI lawyers can generate legal paperwork for cents on a dollar? How much does that benefit Walmart, who already have teams of lawyers on retainer? How does that help the people who work at Walmart? Or the local grocer they are trying to put out of business with unfair competition practices?
Transactional costs are about to go to shit. And with that in mind, I would encourage anyone here to read the economic paper from a century ago "the nature of the firm" positioning the entire existence of the mega corporation as worthwhile based on the existence of high transactional costs.
Corporations and billionaires are already screwed beyond measure. It's just no one's realized it yet because the Jenga tower still has pieces left so everyone points at the monolith and exclaims how it's going to still be around for as long as it's been standing.
Violent revolution is pointless and just going to set back the conditions for their own demise that the capitalist prisoner's dilemma of competition is about to deliver.
Don't sharpen a guillotine. Become better friends with your neighbors and network online with labor in the same sector to prepare for what's ahead.
The chips are falling into place. I just hope people at large aren't so caught up in their own BS that they pass up the opportunity that's going to present, as I'm not sure there will ever be another like it.