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RE: The wrong way down the consumer track

in LeoFinance3 years ago

This is certainly some food for thought. Sometimes I think economy is this big monster created by Frankenstein that instead of causing trouble with its existential crisis is just getting everyone to consume to death. I have not experienced these points you make out firsthand, but I have enough information to make some educated guesses about the problems a country faces when the gaps between it society become too great regarding money.

For example, here in Venezuela, we have the issue that the State has an economy of its own. Laws give it complete control over resources, so once anyone has its grip on it. They don't need the help of the people to keep sucking from this system. This is combined by the idea that nobody wanted to invest in the country as a means to generate wealth. Nowadays, and it is sad o say the economy is driven by what little money people outside the country sends to their relatives here, people playing online games, onlyfans, and some stores that generate enough flow to make it relevant to the system. Meanwhile the government keep tightening its grip over the National Industry and doesn't care about reinvesting their profits to keep things running.

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Sometimes I think economy is this big monster created by Frankenstein that instead of causing trouble with its existential crisis is just getting everyone to consume to death.

I think that this is a good visualization for it. It is a vampire that sucks value until the consumer is dry.

but I have enough information to make some educated guesses about the problems a country faces when the gaps between it society become too great regarding money.

I think we are seeing it through a lot of the misaligned protests and social movements.

This is combined by the idea that nobody wanted to invest in the country as a means to generate wealth.

I think that the "nobody" is an important point here. It didn't happen overnight, it was a concerted effort of neglect in many respects.

Meanwhile the government keep tightening its grip over the National Industry and doesn't care about reinvesting their profits to keep things running.

Will there come a point where the people revolt fully?

Yes, it has been a historic trend. People come to Venezuela to generate wealth, but never invest in the country. Wealth is taken somewhere else. I don't know if people would rebel. The hand of the government relentless when it comes to repression. Besides, they wanted to create this "new man" Socialism demands. They have done a good job on it.

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