If you’ve been outside as of late, you can probably see that despite everything being super expensive, there are still a lot of random businesses and companies operating. Who can tell if those businesses are well-trafficked, let alone profitable. It doesn’t matter. All that matters is holding out until these businesses are eventually stopped. If you can run a business for a while and hold out until the other companies fail, you’ll be well off. Probably rich, to be honest. How long until that happens? Well, I unfortunately think it’s going to take a little while for us to stop seeing pointless businesses and nonfunctional apps. Even in the current rough economic climate. Here’s why, and what we can do about it.
Everyone knows that we’re in a recession
This means that pretty much everyone wants to start a business. The fact that we’re in a recession signals a chance to get ahead for a lot of people. Also, this isn’t the 1900s. A lot of people understand the value of owning a business and end up wanting to have one. Interest rates have risen, but they still aren’t that high in developed countries. Money’s cheap. Really cheap. Lots of people start really dumb businesses, precisely because we’re in a recession. The financial system enables them, and these people are able to feel as though they are good, skilled, and competent. In reality they’re oafs who are profiting at our collective expense. If there’s a big financial crash, it’s the taxpayer who foots the bill.
We all know the types of businesses that I’m talking about
The ones that are overpriced. The ones that are stupid. The ones that you can barely believe exist. Some businesses are of no benefit to anyone, and if anything, they’re quite harmful. They get people to waste their hard-earned money on absolute nonsense. It’s really sad, and these types of businesses are incredibly harmful to the general public, if you ask me. We don’t need more buy now pay later apps. We don’t need more sports betting. We don’t need more instantly generated AI videos.
Our dollars may not matter much anymore
I don’t think it matters much if consumers patronize individual businesses anymore. There’s so much debt and money floating around that pretty much anybody can get bailed out. Voting with your dollars does help, but only when it happens en masse. Right now, there are too many pointless businesses to boycott. Avoiding frivolous consumption is good, but only a small piece of the puzzle.
When will people stop being able to afford insurance?
When the financial firms stop being able to invest in themselves, maybe we’ll all be better off it. It’s going to be hard to fight the loan companies. People are always going to find a way to consume more. The only thing individuals can do is be aware of the situation and do their best to succeed and work hard. Educate your family members and friends about debt and why its bad. Politely, obviously.
Capital gains need to be taxed
Until capital gains are taxed, it’s going to be very difficult for wealthier countries to be very equitable. This is because the rich will always get richer, and the poor will always get poorer. In the long run, capital gains will need to be taxed. Unless we want everyone to become a business owner.
Learn economics
The more everyone learns about business and economics, the better we all do. Do your part and learn the basics. It’ll help you too. If you don’t have control over your own money, you deserve to lose it.
Start a business
The global value of labor is going down. This is extremely clear. Pretty much the only hope you have of escaping the rat race is starting a business and going all out on it. It doesn’t matter if you have to be poor for a few years. After 4 to 5 years, you should be finding a decent bit of success when to comes to earning a steady income. From there, you can get a job and invest your money. Even if your business crashes, you’ll have the methodology down pat, putting you far ahead of your competition, which will be absolutely clueless. It might seem counterintuitive to start a business when everyone else is, but you should. If labor is cheap, you’re going to want to supplement your income with something. Starting a business lets you create capital and remain in competition with the wealthy. You’ll play a role in forcing frivolous businesses to shut their doors by offering a superior product. Until capital gains taxes get lower, you should try and create some capital.
Vote with your feet
Don’t live in high cost of living, uncomfortable areas for any longer than you need to. Each day that you do, you support an unnecessary business. You fuel the growth of an economy that doesn’t improve people’s lives or make them feel any better. It’s better to learn some skills and apply them in the places where you can be rewarded for them. Vote with your feet, no matter what you end up doing.
Vote against a high national debt
Wherever you are, you want to make sure that your country’s national debt is in check. Vote against a high national debt wherever you are, and you’ll see fewer businesses that don’t benefit anyone. It’s important that we get all hands on deck to put a stop to this stuff. If people around you aren’t aware, make them aware. National debt is a problem. Do what you can to combat its rise.
Avoid debt
The more you avoid debt, the more you’re able to fight against the financial system. Fighting the financial system might seem tough in the short run, but in the long run there’s some value to it. Even if all you have to show for your efforts is a bit of passive income, you’ll be in much better shape Financially and in terms of peace of mind than if you had gone into debt. This often applies to student loan debt in today’s age. The fact of the matter is that debt is really bad. Sure, you have to work harder in the short run when you avoid debt. But in the long run you lose your freedom if you allow yourself to be caught up in the hype.
People in poor countries need to fight for financial reform
If you’re in a poor country, it’s highly likely that you’re being taken advantage of when it comes to your skills. That’s because there’s probably some big foreign bank making a profit at the expense of the people in your country. Learn about foreign involvement in your country once you get some money in the bank and do what you can to fight it.
We can’t combat stupid businesses without collective effort. Everyone around the globe needs to be committed to the fight. But we can chip away at the hold our corporate overlords have on us with a bit of work. It doesn’t actually take much. Corporations and oligarch care about small, incremental moves. 3% down means they’re losing their grip on the common man. If enough people become aware of the debt problem and fight it keep stupid and frivolous businesses from gaining market share, they won’t. They’ll be outcompeted by the more deserving. We’re all just individual drops in this bucket, but we have a lot of power if we put our heads together.
Thanks for paying attention.
