Prices + unemployment 📈 -> people won't make enough money to buy stuff other than maybe food -> companies can't pay off their debts or sustain their inflated production, feeding into a feedback loop of higher prices and unemployment -> no more credit from the banks, as they know they won't get paid back -> companies won't be opened anymore, trying to expand will become impossible, global monopolies will take over the production vacuum and become even stronger, dragging the world deeper into imperialism.
I have no idea, since they can be more or less hands-on with their economy as they need. Maybe their industry would need an even more developed third world to make up for the lost consumption in the west, but now I'm just guessing
Edit: enter BRI
In the very long run, it probably ends with the west becoming "colonized" by more productive economies. Being the imperial core takes the heaviest toll on you, and Lenin noticed that over 100 years ago
Prices + unemployment 📈 -> people won't make enough money to buy stuff other than maybe food -> companies can't pay off their debts or sustain their inflated production, feeding into a feedback loop of higher prices and unemployment -> no more credit from the banks, as they know they won't get paid back -> companies won't be opened anymore, trying to expand will become impossible, global monopolies will take over the production vacuum and become even stronger, dragging the world deeper into imperialism.
You know, ye olde capitalist crisis.
Read Marx
Have we considered what this feedback loop will do in China? All of those consumer goods are produced there.
I have no idea, since they can be more or less hands-on with their economy as they need. Maybe their industry would need an even more developed third world to make up for the lost consumption in the west, but now I'm just guessing
Edit: enter BRI
In the very long run, it probably ends with the west becoming "colonized" by more productive economies. Being the imperial core takes the heaviest toll on you, and Lenin noticed that over 100 years ago