this post was submitted on 28 Dec 2025
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Chapotraphouse
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It doesn't even improve or change anything for the capitalists either.
The working class has less money now than they did thirty years ago and they were giving ALL of their money to the economy for products then.
Switching from buying and owning shit to renting doesn't actually change the amount the workers have to spend. They will be forced to spend more on fewer things, with less income.
This will result in less demand because people will have less money, and less demand means businesses will close as people decide what is the least essential thing they can cut back on. Some of them will be bought and absorbed, others will just shutter. The absorbed products won't continue they will just absorb the renting customer base into their preferred product line, much like your ISP when it buys the local competitor doesn't continue to sell that competing company's product but just absorbs the customers.
Everything will trend towards fewer and fewer options, less choice, fewer products.
With less diversity in the economy the entire thing will be less robust. A problem in a company among 5000 companies is minor, but when there's just a hundred then it's a big issue.
Also, with the so-called "K" shape recovery, it increasingly doesn't matter. Wealth inequality has gotten so bad that I believe it's something like 50% of the economic activity in the US comes from the top 10% in terms of wealth. As this trend continues, the need to serve that bottom 90% of people becomes less and less attractive from a business standpoint.
It reminds me of Nvidia. Only ~7% of their total revenue comes from gaming. The rest comes from B2B sales and data centers. They have little incentive to waste time and production capacity on gaming efforts. The lack of concern is exacerbated in that industry in particular because Nvidia controls ~95% of the discrete GPU market and there are so few alternatives.
Capitalists no longer care. The collapse of the Soviet Union basically gave them a green light to just rob the working class 100% instead of 90%.
The fall of the USSR has been one of the greatest disasters in human history and it's effects would he felt for centuries to come.