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It will destroy capitalism by first destroying everyone and destroying every economic system everywhere.
If the US economy collapses because they elected a bunch of idiotic fascists rather than admit climate change is real, I don’t know if corporations and the CIA will have enough money to fund enough mercenaries and propaganda to keep socialist revolutions suppressed. So maybe we will see actual left-wing economic systems popping up globally over the next couple years.
Judging from past experience and history … they’ll probably burn the world first before that happens.
Oh no! Not our capitalism! Where will we get all our poverty?!?!
I want to say “don’t threaten me with a good time”, but we all know the first people to face the consequences of late-stage capitalism imploding are the ones that deserve it the least.
And here I thought capitalism was on track to destroy our global ecology.
Unfortunately, a lot of the cash on hand for insurers comes from selling financial instruments like annuities. Annuities are something that retirees buy with their life savings to provide a fixed income. If the insurance industry goes bankrupt, it’s taking a lot of people with it.
And I saw a post just a week ago about big banks planning to capitalize on climate disasters
I’m glad something is destroying capitalism.
Wish we didn’t pick “the hard way” but here we are.
Is there a “Goldilocks” zone where capitalism is destroyed but some humans survive?
Humans will survive short of something on the level of soil collapse.
Not many, but some.
I can imagine it in a situation where we effectively go back to the stone age, with little to no trade between the small (<50) communities
Iron age is plausible. Or the axial. Those were agrarian based economies. Some books would survive and preserve some knowledge.
Sitting on my driveway, revving my engine.
