the poor people will have given all of their money to the companies.
And then rich people will simply have all of the money.
this post was submitted on 11 Apr 2024
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But then what
History repeating itself..
we have no money, we fucking die.
Based on what I'm seeing in the small business community around me...
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Small businesses see less foot traffic, take out loans to survive, realize things aren't picking back up due to a drop in general spending, a drop that businesses like this can't weather but mega corps can
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Small businesses close, go bankrupt, etc.
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Eventually only mega corps left, it'll become the only option to do or buy anything, and we're all fucked
edit: At some point I hope we all realize we could stop fighting each other, have power in numbers, and eat the rich.
Currency will still be used. Unless everyone starts to absolutely own nothing, there will be bartering with something other than a fancy note with a promise of value from your local government. For example, food has been a staple currency for as long as agriculture has been a thing.
Make shittier products under shittier conditions to keep slaves barely-alive. Use slaves. Reap shiny.
I'm reading the answers, and it seems like no one understood the question. 😔
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They might be able to produce things with automation and AI and only sustain a small lower class to maintain those machines.
They will target wealthy people.
This happens to varying levels during most economic crises. Basically it results in contraction of the economy as companies cut expenses, I.e. wages. Usually there is some consolidation so that fewer, stronger firms can survive the downturn.
Then things get better.
Maybe it drives unity?
They might go on fire a bit.
Once the poor people have no money for bread they will feast on richflesh.
The working class are a necessity until full automation is possible, at which point we will be genocided with kill bots. (except for the hottest of us who will remain sex slaves.)
There are a infinite amount of reindeer games the 1% can use to keep us floating precariously on the edge until said time... including UBI. The rules are made up, and fiat currency doesn't matter.