Capitalism isn't freedom. It isn't trade. It isn't competition. It isn't the rule of law. It isn't markets. It isn't the absence of a centrally-planned economy. It sure as fuck isn't democracy.
Capitalism is capital being in charge. It is the organization of society around the interests of capital, which are further consolidation and the generation of profits.
Anything positive you associate with capitalism is an accident of history.
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Urzl
in reply to Max Leibman • • •In around a hundred years Russia went from essentially medieval to winning the space race and it didn't do it with capitalism.
In general we need to be more honest in our education and beliefs about what parts of the advance of history are economic and which are just human determination.
Urzl
Unknown parent • • •Cory Doctorow
in reply to Max Leibman • • •I would argue that more precisely, capitalism is the system that allows profits to triumph over rents.
In addition to the class struggle between workers and owners, there's a separate struggle between entrepreneurs and rentiers.
Capitalism is the system in which entrepreneurs triumph, feudalism is the system in which rentiers triumph.
JWcph, Radicalized By Decency
in reply to Cory Doctorow • • •Cory Doctorow
in reply to JWcph, Radicalized By Decency • • •Well, that's certainly Varoufakis's argument, that:
* feudalism was displaced by capitalism when entrepreneurs triumphed over rentiers;
* that Marxists predicted that capitalism would be a transitional stage between feudalism and socialism;
* but actually, capitalism was a transitional stage between feudalism...and feudalism.
pluralistic.net/2023/09/28/clo…
Daniel Lakeland
in reply to Cory Doctorow • • •Isn't capitalism just the system that creates a market for rent-producing assets by creating tradeable titles?
@jwcph @maxleibman
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in reply to Cory Doctorow • • •Absolutely. More accumulated wealth turns to rent assets eventually. Feudalism is the inevitable result of over concentration of wealth no matter who/where it starts from.
Cory Doctorow reshared this.
Jargoggles
in reply to Cory Doctorow • • •It's a compelling idea considering entrepreneurs these days seem to be like, "We're disrupting X by charging subscription fees for stuff you used to be able to own and turning employees who have labor rights into contractors who don't."
Richard W. Woodley ELBOWS UP 🇨🇦🌹🚴♂️📷 🗺️
in reply to Cory Doctorow • • •and socialism is the system in which workers triumph
A_Minion
Unknown parent • • •@marcell_o @gooba42 Look at the criminal justice system in the US as it is now. We have more people incarcerated than Any other country. Since 1970 @ 360,000 t0 today 5m. Much of that is the Privatizing of prisons. Crime has decreased. It seems almost a hand in hand relationship. Both of your examples were built by a dictatorial government which is not Capitalism
Capitalism worked better after WWII til 70s' when it was wrapped in duct tape and Gagged
Capitalism Creates Markets
Tinstargames
Unknown parent • • •rood
Unknown parent • • •