The Exigent Duality
Crapitalism and Diminishing Returns - 12:59 CST, 3/21/19 (Sniper)
Wifey has been reading some early research indicating material risks of cancer with the impending rollout of so-called "5G" technology. Do we really need more bandwidth? And for what-- to send .01% higher resolution cat pictures?

The current crony capitalist model involves the quasi-infinite expansion of "fake" credit not based on any real-world assets, which is then funneled to massive State-protected "corporations" via extraordinarily low interest loans. This "financialization" caused an explosion in the human population on Earth. The "corporations" use their easy credit to mass-produce shitty consumer goods, which people buy on their own credit. In total, cumulative global interest payments for all debt are in the range of trillions of currency. Who collects all of this interest? Hello "income inequality"!

The "corporations" each sit on their own little silos: "healthcare", or car manufacturing, or electronics gadgets, or food production, and so on. They employ the peons, and keep employing them in the same menial, extraordinarily "diminishing returns" tasks (look at surveys of employee satisfaction in today's world), so the commoners can keep getting credit, to keep consuming the shitty consumer goods, and so on. And they will territorially protect those "silos" come hell or high water, even engaging in massive mergers to keep the train going.

We're so far past the point of "diminishing returns" that we're actively moving into "counterproductive" territory: to go with the earlier example, do people benefit more from "5G" if an extra ten percent of them wind up getting breast or testicular cancer? But this endless cycle just goes on forever, with "corporations" not really relinquishing very many resources, since they're so freaking big and thus buffered from market forces to a large degree. It'd be like a group in a small village building a canal, but then building even unnecessary canals and flooding the village in the process, versus just moving on once that first canal was complete.

Of course, all of this will hit a hard stop "Minsky Moment", when the trillions in global debt just becomes that little bit too much, and the process will unwind. In fact, I think it's already happening: all of the social fragmentation are the death throes of the old, unsustainable model fraying. The Fed has already admitted that they literally can not unwind the balance sheet without destroying the world, and are just going to keep it at 3.5-3.8 trillion, permanently. That means we're near the end of the road: no QE to bail out the next crisis!

When that happens, stupid people who can't even balance their check books or afford a $500 car repair, much less understand what "quantitative easing" is, will blame "freedom" ("capitalism", which is just people voluntarily exchanging goods and services for mutual benefit-- a farmer's market is capitalism, for example) and will vote for "socialism", which will cause hundreds of millions of people to die around the world by putting unilateral power into the brokers who created this mess in the first place with their fleecing.