New CBS News polling shows many Americans believe their standard of living is worse than their parents. The poll found people are feeling deep impacts of inf...
Even under a shitty economic system that rewards greed, this doesn’t work for long
That’s kind of the point, though: they literally don’t care about anything except short term profits, be they billionaires or corporations.
Get enough money fast enough and you’re rewarded maximally. Anyone thinking longer than the next quarter, fiscal year at the very most, will be overtaken by those that don’t.
The way the system is set up, once you have more than a set amount of money, you’re rich for the rest of your life. You won’t be allowed to fail even if you’re so bad at business that you lose a billion dollars in a decade where anyone else of your means profited like never before.
The government will bail you out in exchange for children going hungry in schools and commuter bridges crumbling.
There’s all incentives in the world to make a shitload of money fast and none to earn in a sustainable way.
That’s kind of the point, though: they literally don’t care about anything except short term profits, be they billionaires or corporations.
Get enough money fast enough and you’re rewarded maximally. Anyone thinking longer than the next quarter, fiscal year at the very most, will be overtaken by those that don’t.
The way the system is set up, once you have more than a set amount of money, you’re rich for the rest of your life. You won’t be allowed to fail even if you’re so bad at business that you lose a billion dollars in a decade where anyone else of your means profited like never before.
The government will bail you out in exchange for children going hungry in schools and commuter bridges crumbling.
There’s all incentives in the world to make a shitload of money fast and none to earn in a sustainable way.