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<blockquote data-quote="vantexan" data-source="post: 6054628" data-attributes="member: 24302"><p>It will continue because capitalism is decentralized.&nbsp; Only a centralized government that overspends to maintain control will go bankrupt.&nbsp; That&#039;s a major issue in why socialism doesn&#039;t work.&nbsp; You can have a prosperous capitalist system with social programs but once the emphasis is put on the programs and supporting citizens in exchange for votes you can only go so far before it collapses under its own weight.&nbsp; We have a government that spent too much then tried to inflate away the debt.&nbsp; That resulted in higher interest rates to combat the inflation which had the unfortunate side effect of greatly increasing the interest to service our debt.&nbsp; If we continue to add more debt we&#039;ll increase the interest to where just servicing the debt takes up most of our budget.&nbsp; That&#039;ll collapse our social programs and the government.&nbsp; So either we pull for a government that&#039;s determined to prevent&nbsp; that or we continue to insist the money keeps flowing until the collapse happens.&nbsp; Those holding bitcoin believe it&#039;ll get exponentially more valuable with the collapse but if the dollar collapses what will people buy bitcoin with?&nbsp; Bitcoin might be a legitimate store of value but let&#039;s see how it&#039;s turned into currency.&nbsp; As for UBI&#039;s if the plans to push AI and robotics does eventually eliminate 50% of current jobs then some kind of new system will have to be devised.&nbsp; Just another reason why letting in so many so fast doesn&#039;t make sense if a lot of future work is eliminated.</p></blockquote><p></p>

[QUOTE="vantexan, post: 6054628, member: 24302"] It will continue because capitalism is decentralized. Only a centralized government that overspends to maintain control will go bankrupt. That's a major issue in why socialism doesn't work. You can have a prosperous capitalist system with social programs but once the emphasis is put on the programs and supporting citizens in exchange for votes you can only go so far before it collapses under its own weight. We have a government that spent too much then tried to inflate away the debt. That resulted in higher interest rates to combat the inflation which had the unfortunate side effect of greatly increasing the interest to service our debt. If we continue to add more debt we'll increase the interest to where just servicing the debt takes up most of our budget. That'll collapse our social programs and the government. So either we pull for a government that's determined to prevent that or we continue to insist the money keeps flowing until the collapse happens. Those holding bitcoin believe it'll get exponentially more valuable with the collapse but if the dollar collapses what will people buy bitcoin with? Bitcoin might be a legitimate store of value but let's see how it's turned into currency. As for UBI's if the plans to push AI and robotics does eventually eliminate 50% of current jobs then some kind of new system will have to be devised. Just another reason why letting in so many so fast doesn't make sense if a lot of future work is eliminated. [/QUOTE]

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