End of Capitalism
NOTHING LASTS FOREVER
Nothing lasts forever. With every second, capitalism is going a step further towards its end. As feudalism has suddenly ended, capitalism will end too. As the french revolution has abolished the long-lasting remnants of the feudal order, a new revolution will abolish the capitalistic order. As the french revolution has overthrown the king and the aristocracy, a revolution to come will overthrow the billionaires and the elite supporting them. Probably it will involve violent events, as many developments are ticking time bombs. It's a question of explosion.
We don't need to be prophets to understand that we are closer to the end than to the beginning of capitalism. The signs that the end of capitalism is getting closer are undeniable. The cracks are more evident than ever. The underlying idea of endless economic growth can't work in the long run with limited resources. Any children can understand that. You can't externalize the costs of economic growth to the nature endlessly. This becomes more and more evident with the effects of climate change and all the disasters and catastrophes which science predicts us today.
You also can't upheld the illusion of endless economic growth with tremendous new debts forever. Already the financial crisis has shown, that we are reaching a limit. The illusion for continued growth was maintained with trillions of USD new debts. The same in a much larger scale we experience today with the "corona crisis", which suddenly, within a couple of months, cuts 7-10% of GDP worldwide. Again, governments try to uphold the illusions with even larger economic stimulus programs and even more excessive new debts.
Wealth multiplication and concentration can't proceed endlessly neither. In 2018 26 billionaires owned more wealth than the bottom 50% of all people. So if you take 7.6 billion people on the planet at that time, wealth of 3.8 billion people equaled the wealth of 26 people. In 2015 it used to be 85 people, in 2016 61 and in 2017 43. 1 85 has become 26 in just 3 years. So far it was not noticeable. It was a slow motion concentration. Now it is becoming exponential. How far can it go? From 26 to 8 (2019/20)? From 8 to 1 (2021/22)? From 1 having more than the bottom 50% to 1 having more than the bottom 70% or 90% of all people? Anger at the bottom will be just endless. Nothing will be able to contain it.
Project by Avenir Radical