this post was submitted on 11 Apr 2024
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No Stupid Questions

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[–] splonglo@lemmy.world 6 points 8 months ago (1 children)

I imagine they'd go under if they rely on the general public as their customer base. Companies that cater to the wealthy would probably grow. Companies are created and go bankrupt all the time, individuals in the owner class will win or lose but that won't affect the broad distribution of power. If it gets really bad feudalism might come back.

[–] SupahRevs@lemmy.world 3 points 8 months ago

Companies catering to the wealthy is already happening. The richest man in the world, Bernard Arnault, sells luxury goods. It used to be that selling products to the most amount of people was better, Ford, oil barrons, even Wal-Mart. Now money is made selling products to the wealthy. The growth in inequality of the last 50 years shows up in many ways today. Housing sizes are larger because builders need to sell to the wealthy instead of to the masses where margins on modest sized homes are smaller or non-existent.

[–] Siegfried@lemmy.world 6 points 8 months ago

Oh, i see you have stumped onto one of the main inconsistencies of capitalism

[–] KillingTimeItself@lemmy.dbzer0.com 5 points 8 months ago (1 children)

the poor people will have given all of their money to the companies.

And then rich people will simply have all of the money.

[–] gimpchrist@lemmy.world 2 points 8 months ago (2 children)
[–] Hule@lemmy.world 2 points 8 months ago

History repeating itself..

we have no money, we fucking die.

[–] sibannac@lemmy.world 5 points 8 months ago

Currency will still be used. Unless everyone starts to absolutely own nothing, there will be bartering with something other than a fancy note with a promise of value from your local government. For example, food has been a staple currency for as long as agriculture has been a thing.

[–] AlecSadler@sh.itjust.works 5 points 8 months ago* (last edited 8 months ago)

Based on what I'm seeing in the small business community around me...

  1. Small businesses see less foot traffic, take out loans to survive, realize things aren't picking back up due to a drop in general spending, a drop that businesses like this can't weather but mega corps can

  2. Small businesses close, go bankrupt, etc.

  3. Eventually only mega corps left, it'll become the only option to do or buy anything, and we're all fucked

edit: At some point I hope we all realize we could stop fighting each other, have power in numbers, and eat the rich.

[–] melpomenesclevage@lemm.ee 5 points 8 months ago

Make shittier products under shittier conditions to keep slaves barely-alive. Use slaves. Reap shiny.

[–] scoobford@lemmy.zip 4 points 8 months ago

This happens to varying levels during most economic crises. Basically it results in contraction of the economy as companies cut expenses, I.e. wages. Usually there is some consolidation so that fewer, stronger firms can survive the downturn.

Then things get better.

[–] LemmyQuest@lemm.ee 3 points 8 months ago

They will target wealthy people.

[–] nandeEbisu@lemmy.world 3 points 8 months ago

They might be able to produce things with automation and AI and only sustain a small lower class to maintain those machines.

[–] Quexotic@infosec.pub 2 points 8 months ago

Maybe it drives unity?

[–] Agent641@lemmy.world 1 points 8 months ago

They might go on fire a bit.

[–] HeyThisIsntTheYMCA@lemmy.world 0 points 8 months ago

Once the poor people have no money for bread they will feast on richflesh.

[–] Ultragigagigantic@lemmy.world -1 points 8 months ago* (last edited 8 months ago)

The working class are a necessity until full automation is possible, at which point we will be genocided with kill bots. (except for the hottest of us who will remain sex slaves.)

There are a infinite amount of reindeer games the 1% can use to keep us floating precariously on the edge until said time... including UBI. The rules are made up, and fiat currency doesn't matter.

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