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Sep. 14th, 2023 06:01 amCapitalism will never be relinquished.
Absolutely true. Instead it will be broken and smashed by the monster it created; Catastrophically Accelerated Climate Change. One can see that with insurance companies in Florida and California as they start pulling out of those markets. Think of them as the canaries in the Capitalist Coal Mine.
It will take decades, but the Economic impact will lead to Political impact and more and more Govt will be forced to take control of the Capitalist infrastructure, much like it is now becoming 'the insurer of last resort' in Florida and California. Taking control of failing and corrupt privately owned Public Utilities [electricity, water, etc] will likely be the next to follow.
Again, this will take decades, but the trend is slowly unfolding.
Absolutely true. Instead it will be broken and smashed by the monster it created; Catastrophically Accelerated Climate Change. One can see that with insurance companies in Florida and California as they start pulling out of those markets. Think of them as the canaries in the Capitalist Coal Mine.
It will take decades, but the Economic impact will lead to Political impact and more and more Govt will be forced to take control of the Capitalist infrastructure, much like it is now becoming 'the insurer of last resort' in Florida and California. Taking control of failing and corrupt privately owned Public Utilities [electricity, water, etc] will likely be the next to follow.
Again, this will take decades, but the trend is slowly unfolding.