Thread by @KrisAtLarge

and really this is what the failure of #capitalism boils down to: capitalists hate *equilibrium*. a healthy planet full of life is a physical system—one of profound complexity, but still, a system in dynamic equilibrium, maintaining an approximately steady state over time.

(1/x)

https://twitter.com/KrisAtLarge/status/1616896970056151040

"steady state", in economic terms, would mean a #business that continues to provide approximately the same services or products over time to a steady clientele—not a *constant* number of clients but one that varies up and down with time, oscillating about a steady average.

(2/x)

and this #business would continue over time to charge about the same for its products or services, and the profit rakeoff going towards workforce and #management pay would also remain about the same. this approximately stable state would be a business at equilibrium.

(3/x)

this state of affairs is to the liking of nobody in #capitalism. no corporate #executive or #manager wants to see "steady" anything. no #conservative gasbag like @DouthatNYT or @thomaschattwill, no "centrist" gasbag like @jbarro or @mtaibbi, wants this. they want "growth".

(4/x)

they want profits ever increasing, they want output ever increasing, they want more and more of everything, all the time—more customers, more products and more *expensive* products, more #managers and #executives, and always more #money raked off for the corporate elite.

(5/x)

capitalists generally feel entitled to infinite profitability over time, because that is how #interest payments accrue in an ideal (i.e. non-real-life) profit-making system.

the bulk of money made in #capitalism is made by the perpetual accruing of interest payments.

(6/x)

the salaries of elite #CEOs like @pmarca and @jack (@elonmusk probably doesn't count as an elite #CEO these days) is always ballooning from this endless collection of interest payments, which accrue *geometrically* in mathematical terms. the curve rises faster and faster.

(7/x)

no physical system can behave like this indefinitely; infinitely rising curves are not seen in material reality—but #capitalism and capitalists, as you might be able to tell, do not quite live in reality. @elonmusk, @pmarca, @saylor, etc. are people who prefer fantasies.

(8/x)

stable equilibrium, as I have said, means oscillatory behavior—rising up and down about a mean value, an average. it means that statistics or "metrics", like size of a customer base or revenue over time, are always rising and falling. #capitalism hates this fact of life.

(9/x)

all of @elonmusk's fascıstic and antiscientific blather about a "population crisis" (blather which Musk's acolytes like @mtaibbi and @ShellenbergerMD fully endorse, it would seem) is a stark example of how capitalists are incapable of grasping how equilibria work.

(10/x)

human population, if it's to remain healthy and stable, can't always increase. rising AND falling around an average is healthy behavior.

a population drop is not a "crisis"—but @elonmusk, @mtaibbi, etc. are kept stupid by the unhinged, unrealistic values of #capitalism.

(11/x)

capitalists want all the lines pointing upward, all the time, so #capitalism needs more and more of everything. more resources, more water and power, more humans toiling.

it's not physically possible. capitalism is incompatible with the realities of matter and physics.

(12/x)

@elonmusk and his cultists like @BillyM2k and @Timcast daydream about #space and @SpaceX supplying the infinite greed of #capitalism, but it is a futile dream, especially for #ElonMusk himself.

his career is soon ending.

~Chara of Pnictogen

@threadreaderapp unroll