Post by ArchangelPost by bd4u.utahAt the rate things are going in the USA even the poor
will no longer exist. Capitalism will be dead, and we will
all be slaves of the state!
bd4u.utah
N ot bloody likely. You are writing this for shock effect which mean s
you think your readers will have never though t of this and then you
make it out to be in the unavoidable seconds.
But you are right about one thing.
Capitalism won't actually stop existing
under such a scenario It will simply
become Nationalized like it was in
Germany under Fascism.
They have already started Nationalizing
some companies and banks here in the U.S.
and at the rate things are going the Government
will own everything in the U.S. They already have
an estimated 52% of the population working
for them. It won't be too long at that rate where
the Government owns everything
http://www.theatlantic.com/business/archive/2009/05/us-debt-668-621-per-household/18495/
According to statistics the average debt per
household in the US is 668 thousand dollars.
At 5% interest each household would have
to pay 36 thousand dollars a year over 50 years
to pay it off.
How many households even make 36 thousand a
year in the US? So if they didn't eat, buy clothes,
pay for housing and utilities, and made 36 thousand
a year they could pay off their portion of the National
Debt. That's not Living, that is Institutionalized
Slavery in the worst possible sense of it!
bd4u.utah