• .Donuts
    link
    fedilink
    40
    edit-2
    1 month ago

    I want to say “don’t threaten me with a good time”, but we all know the first people to face the consequences of late-stage capitalism imploding are the ones that deserve it the least.

  • @[email protected]
    link
    fedilink
    211 month ago

    I’m glad something is destroying capitalism.

    Wish we didn’t pick “the hard way” but here we are.

    • @[email protected]
      link
      fedilink
      130 days ago

      It’ll destroy capitalism by creating many new causes of poverty. There won’t be enough food, water or shelter and it’s not going to be fun.

  • Jo Miran
    link
    fedilink
    121 month ago

    Unfortunately, a lot of the cash on hand for insurers comes from selling financial instruments like annuities. Annuities are something that retirees buy with their life savings to provide a fixed income. If the insurance industry goes bankrupt, it’s taking a lot of people with it.

  • IninewCrow
    link
    fedilink
    English
    251 month ago

    It will destroy capitalism by first destroying everyone and destroying every economic system everywhere.

    • @[email protected]
      link
      fedilink
      51 month ago

      If the US economy collapses because they elected a bunch of idiotic fascists rather than admit climate change is real, I don’t know if corporations and the CIA will have enough money to fund enough mercenaries and propaganda to keep socialist revolutions suppressed. So maybe we will see actual left-wing economic systems popping up globally over the next couple years.

      • IninewCrow
        link
        fedilink
        English
        51 month ago

        Judging from past experience and history … they’ll probably burn the world first before that happens.

    • I Cast Fist
      link
      fedilink
      31 month ago

      I can imagine it in a situation where we effectively go back to the stone age, with little to no trade between the small (<50) communities

      • @[email protected]
        link
        fedilink
        41 month ago

        Iron age is plausible. Or the axial. Those were agrarian based economies. Some books would survive and preserve some knowledge.

    • @[email protected]
      link
      fedilink
      11 month ago

      It was their brokerage division recommending investing in Air Conditioning industry.

      OP is a major statement by an insurer.