Mastodawn

how #capitalism destroys itself: #Inequality as structural feature: #wealth concentration has returned to #GildedAge levels in many countries. top 1% owns roughly 45% of global #wealth (= #assets such as #houses #land #water #energy #minerals)

Demand erosion: Extreme #inequality hollows out #consumer base that #capitalism depends on.

#seigniorage problem = private institution (or semi-private, as #Fed) has #power to create #money, captures enormous #wealth (#assets) simply through act of creation — before money has done anything productive

most powerful + least visible form of #wealth #extraction ever invented

harder truth: If #moneyprinting and #asset #ownership have become so divorced from productive #economic #activity that only destruction and conflict #war seem to #reset the system, that suggests the #system itself is #fundamentallybroken—not that war solves anything.
#warning even #revolution will be #manipulated to maximum extend https://mas.to/@wordmark/116714161816968079

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Wordmark 1d ago

how #capitalism destroys itself: #Inequality as a structural feature: Wealth concentration has returned to #GildedAge levels in many countries. The top 1% owns roughly 45% of global #wealth ( = #assets such as #houses #land #water #energy #minerals )

Demand erosion: Extreme #inequality hollows out the #consumer base that #capitalism depends on.

The #seigniorage problem. When a private institution (or semi-private, as the #Fed is) has the power to create #money, it captures enormous #wealth (#assets) simply through the act of creation — before that money has even done anything productive

most powerful and least visible form of wealth extraction ever invented

The harder truth: If #moneyprinting and #asset #ownership have become so divorced from productive #economic #activity that only destruction and conflict #war seem to #reset the system, that suggests the #system itself is #fundamentallybroken—not that war solves anything.