The Five Forces That Broke Capitalism – and One Possible Fix
bloomberg.com
bloomberg.com
Damn, that's bleak. I think AI is more likely to tank capitalism than to reinvigorate it.
If voting was limited to property owners that have individual economic agency not being dependent on earned income, like it was in the old days, democracy won't be threatened at all with periodic, normal and unavoidable economic crises, and these crutches supporting capitalism won't be needed.
Just take inflation. It is utterly irrational that inflation causes political upheaval it does. Because it is economically neutral - it's simply a convenient tool for the crooks to manipulate the masses by brewing their anger. If only the economically independent property owners could vote, inflation won't be a concern at all and economy could develop a lot better.