Why is everything going to shit?
Why is everything going to shit?
Was just trying to explain to someone why everything is going to shit, specifically companies, and realized, I don't fully get it either.
I've got the following explanation. The sentences marked with "???" are were I'm lost. Anyone mind telling me, if they're correct and if so, why?
The past few years, central banks were giving out interest rates of 0% or even negative percentages. Regular banks would not quite pass this on, but you could still loan money and give it back later with no real interest payments.
This lead to lots of people investing in companies. As long as those companies paid out more money than those low interest rates, it was worthwhile. But at the same time, this meant companies didn't have to be profitable, because they could pay out investors from money that other investors gave them???
This has stopped being the case, as central banks are hiking interest rates again, to combat inflation???
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All of the "grrrrrr human nature bad!" people are blissfully unaware for how long ruling classes or even the same lineage of family in areas has ruled over humanity, siphoning off the joy and labor of society for their own diamond back scratchers.
In the modern day, any form of help or assistance that could be used for the well-being of the people is instead commodotized and/or trivialized to maximize profits. Public spaces, works, and goods are all basically non-existent, so your reliance for community is based on local word of mouth or the internet, however an increasingly car dependent society limits the ability of people to have accessible common places to meet up. Social media companies have been taking increasing efforts in making their apps shittier which imo is a strategic move to deplatform minority voices who have been gaining social media presence.
I think for a while the internet was still untouched enough to be a nice escape, but it really feels like every aspect that was a nice reprieve or break from the rest of the world has been invaded.