One of the identifying characteristics of late-stage capitalism is the presence of multiple “bubbles” that capital investors can’t allow to pop. I’m not sure if any of us have lived in a time with more bubbles. There is a massive rideshare bubble, where Uber and Lyft are losing money trying to command markets, knowing it’s unsustainable. Amazon Google, Twitter, Walmart, Credit, housing, agriculture, I’m not sure what is next. I can’t tell you what 20 years in the future looks like, because no one really knows what bubbles will be popping in what order.
I don’t say this to terrify people. I do want to remind people that when large groups stand up and ask to socialize systems—healthcare, college tuition, and transit, to name a few—creating protections for people who really need it, they aren’t overdramatizing. There are strange times happening now, and stranger ones ahead.
America 2019, where “child lunch debt” is a real thing and fully-employed workers live in their cars and dying cancer patients beg on the internet for strangers to pay for their medication so yeah, I’d say that late-stage capitalism is working out just aces for everyone
— Jeff Tiedrich (@itsJeffTiedrich) June 11, 2019
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