Posted 10 years ago on Dec. 1, 2011, 11:21 a.m. EST by Idaltu
This content is user submitted and not an official statement
Capitalism requires consumption in order to be sustainable. In a sort of balanced system of numbers between the haves and have-nots it can flourish. It is really a strange economic system because eventually the population of the have-nots becomes so extreme that there is not enough people who have the resources to consume. And without consumption the system fails. I have no idea if the United States is at that point, but I suspect it is close. Eventually people (the have nots) reach a high enough level of social inequality that they remove the haves. This is sort of what happened in France (the French Revolution).
"The absolute monarchy that had ruled France for centuries collapsed in three years. French society underwent an epic transformation as feudal, aristocratic and religious privileges evaporated under a sustained assault from radical left-wing political groups, masses on the streets, and peasants in the countryside. Old ideas about tradition and hierarchy - of monarchy, aristocracy and religious authority - were abruptly overthrown by new Enlightenment principles of equality, citizenship and inalienable rights."
I have no doubt that it will eventually happen in the United States. It is not a question of "if" but rather "when".