Thatcher, like any capitalist dickhead, is a liar and malignant.
this post was submitted on 21 Aug 2026
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"eventually you run out of other people"
Incidentally, this is why they are pushing so hard for robots/AI to do what they need. Capitalism/money is nothing more than a complicated and thinly veiled facade for the power to make people do what they don't want to do. It is NOTHING more than that
It is and we are reaching it. We cannot longer keep paying all that capital gain.
Most of the cost of any product are capital gains nowadays.
It's so funny, because only one of those two systems is designed to invest back into itself. The other is a zero sum siphon that perfectly embodies what she described.
Exactly. When I thought of it (not in the shower lol), I was like waiiiiit.....
Didn't Liz Truss actually were the one managing to run out of UK people's money?
Thatcher said that with 0 irony as she defunded public hospitals to get replaced by charity from rich child rapist Jimmy Sevile
Don't worry, Jim will fix it.
Go back into the history of capitalism, and every "scare" that capitalists use to maintain the system as is, happens under capitalism. The irony being that most capitalists see the end results of their greed and project it onto other systems.
Every accusation is an admission.
Narcissists project
The people that say this live in a country that's $40t in debt
That famously American Margaret Thatcher
It's happening everywhere, even if Americans seem to believe only America exists lol
$40t in debt
In debt to whom?
It's something of a joke to talk about credit expansion in a closed economic loop. Especially when the loop tightens and you end up with...
If I owe you a million dollars and you owe me a million dollars dollars, are we collectively $2M in debt?
We're entirely too zeroed in on the fictitious credit balances and totally divorced from real material conditions. How many labor hours are we spending? How much of our fossil fuel energy reserve have we committed? What is the growth/contraction rate of potable water and arable land?
I don't really give a shit about $40T in IOUs. I care about the actual managed decline of the capital stock. The actual number of skilled laborers in a given profession. The long-term burn-down of natural resources relative to our ability to conserve, recycle, and reproduce them.
They talk about the government debt, not nvidia or something.
NVIDIA alone bolds $191B in US treasuries. So that's money the US effectively owes NVIDIA.
What do we want to bet NVIDIA's tax liabilities are for this year?
Yeah but they are not indebted like a govt like you showed in your first post. I hate how stupid that circular "borrowing" is, but it has nothing to do with usa govt borrowing. NVidia are lending, and can choose to sell it off if/when they want to. The usa govt cannot sell off its debt if that makes sense.
they are not indebted like a govt
No. They're much worse off, as they don't control their own currency or have sovereignty within their own borders.
I hate how stupid that circular “borrowing” is, but it has nothing to do with usa govt borrowing.
Governments (ostensibly) borrow money to provide economy-growing amenities and economy-preserving hedges against adversity. All of these loans can be described as investments, with an ROI tied back to national GDP growth and liabilities mitigation. The circular debt patterns of these mega-corps have a similar rationale. Oracle, NVIDIA, and OpenAI are effectively partners in a project to create a value-adding service. Their debt is an accounting tool to allocate future profits, not a drag on their economic activity. Just the opposite. Credit expansion allowed a party to bring more natural, capital, and labor resources to bare in a shorter time frame, in order to obtain profits sooner than otherwise.
NVidia are lending, and can choose to sell it off if/when they want to.
To whom?
Nobody else is in the business of producing microprocessors at this scale. NVIDIA extends the loans entirely to incentivize OpenAI to consume more compute, which incentivizes Oracle to build more data centers, which incentivizes NVIDIA to produce more chipsets.
Who else would want this debt? It doesn't serve the same economic end-goal. Who else would have enough currency to assume the debt?
Yes, and that has already happened. That is why the richest have switched to the source of all money: The government.
I mean, capitalists seem like they would be happy to just have slaves and all the nice things for themselves.
I would even remove the conditional there.
They currently own common folk more than people who actually legally owned other people.
Capitalists at that level transform into dictatorial oligarchs. Musk, Bezos, Zuck, Murdoch, and whatever other foreign and domestic counterparts they have…all similar.
They’re already at a point where its basically slavery with extra steps or my go to. How close can we get to slavery without taking everyone’s free will.