The economy is not good for most people. War is active in the Middle East and lurking in the South Seas of China, Iran and Russia. The threat of deportations, exiles and migrants is shaking the world. Capitalism is doing what it is supposed to do by widening the income gap. It is crazy.
Why?
First of all, most governments are elected by a curious mixture of widespread voting and the influence of money. The intelligence index of the electorate is easily found. Its IQ is 100, by definition the median raw score of the population. That means that democracy has an IQ of 100. Arguably, the intelligence of money’s paid advisors is higher. Thus, propaganda, lies and half-truths work quite well to convince the electorate about the ‘right path.’ Which by no coincidence benefits the super-rich. Whom I suspect are so arrogant and greedy that their thinking ends up below 100. As shown by many of their actions. Their advisors know this, but capitalism promotes greediness and they are well paid.
No wonder governments are inept.
On the other hand, amazing technology is fast approaching this disturbed system. One of its byproducts is that soon the world will be in a situation of overproduction of everything. This translates to some of us into an economy of abundance. To others it translates into an economy of forced shortages. I assume they think that this is advantageous to their greed.
Poverty will be obsolete, unless it is forced upon the people. As in the middle-ages, where reading and writing was restricted to the elite. If poverty is enforced, there will be two major civilizations: the super-rich and the poor. With a thin layers of servants in between. And a multitude of robots.
The rich will live extremely good lives, maybe long ones when life-prolonging medicine is discovered. The rest will live in poverty, maybe only when compared to the rich, maybe their standard of living will be better than ours is now, but still they will feel that they are poor by comparison. I have no idea what will happen, but history tells us about revolutions, most of the time led by even worse people.
The whole idea of forced poverty seems wrong, but it is already happening. In most countries there is enough food to feed everybody. Yet, people are hungry. Car, appliances, and most manufacturers have trouble selling what they can produce. The buying capacity of the middle and poor classes is not up to their productivity. And I already said that the rich are greedy, most live out of perks and try to limit their lifestyles, and spending, in a very curious manner.
Democracy is not working, the economy is not working. It is crazy.