And what to do with the extremely fast-growing corporate and government debt? The entire modern economic system is built on the lending rate. Corporate and government debt is a ticking time bomb. So the capitalism of today is an illusion. A cryptocurrency and blockchain technology are creating a new economy. What is the name of the incoming formation is still unknown. This is my personal opinion.
RE: We Are All Capitalists
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We Are All Capitalists
You got one thing right! "the capitalism of today is an illusion" It sure is because it really isn't capitalism. It is neo-fascism. Fascism is when the government controls the companies and they work together to enrich themselves often using socialism. Think Nazi Germans, Mussolini's Italy, etc. Today we have "neo-fascism" where the corporations control the government through lobbying and writing the laws (the congress people don't write them anymore) and they both work together to enrich themselves. It's a big mess that is unsustainable in the long run...
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