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by throwaway5959 766 days ago
How does capitalism work if there aren’t any workers to buy the products made by the capitalists? Not being argumentative here, I really want to know.
5 comments

The way it works in any country where workers can't afford to buy the products today, so I imagine as in those countries that function most like the stereotypical African developing country.

So I imagine that the result would be that industry devolved into the manufacturing of luxury products, in the style of the top-class products of ancient Rome.

The machines can buy the products. We already have HFT, which obviously has little to do with actual products people are buying or selling. Just number go up/down.
If a machine buys a product from me and does not pay, whom should I sue?

That is the person who actually made the purchase.

Transfer payments, rent, dividends would provide income. People would then use it to buy things just like they do now.
All that matters are quarterly profits.
Honestly don’t know if these kinds of people have thought that far ahead