This is the global system that has been mass adopted by numerous countries across the globe. In the past, this cycle has allowed for society to thrive far more than it ever had before which allowed for the rapid progression of technology and standard of living for all. In less than 100 years, we went from having light bulbs to having super computers in our pockets.
However, as we are all well aware of, this pyramid has been thrown out of balance.
With businesses and government favouring their own agendas and desire for growth and power over the balance of the system, they have promoted practices over the decades that have led to the weakening of the Consumer.
As outlined in the Simpson's musical number, “Goodbye Middle Class”, these are due to a core number of reasons;
- The decrease of Union presence to ensure a proper symbiotic relationship between workers and executives
- The rise of inflation, cost of living, and product/service output without increasing wages and benefits for the 99%
- The continued concentration of wealth towards the upper classes without it “trickling down” to the lower and middle classes (the Pandora Papers and Panama Papers highlight many of the 1% who continue to successfully dodge taxes)
As a result of this continued disrespect and negligence of the Consumer, there has also been an increasing number and frequency of economic disasters and social unrest.
We have went from the Great Depression being the first, then 1987 which was 60 years later, to the DOT COM bubble less than 20 years later, to the 2008 Housing Market Crash less than a decade later, to the COVID crash just over a decade later, to the tech collapse and potential Recession in less than 5 years time.
Not only this, but the solution which Businesses and Government choose to take in order to save themselves during these crashes is to make the Consumer pay for them. This is primarily done by using tax money to bail out failing businesses and branches of government, but also while firing employees to continue allowing executives to reap high profits for themselves whom are also the Consumers.
Each of these solutions takes away more power and capital from the Consumer, but they are also running out of money to give and provide as a result to corrupt Business and Government practices. Eventually, these solutions will not work, and Businesses and Government will inevitably collapse as long as they refuse to give power back to the Consumer.
In other words, the only solution to our current economic and societal problems is to implement international reform in order to return proper balance to all 3 groups of the Capitalist Pyramid. Otherwise, collapse is inevitable, and as a result Businesses and Government will in turn inevitably lose the same power they've been desperate to grow and keep for themselves.