The flaw in capitalism and the flaw that makes it unmanageable is how over time capitalism will find ways to extract more for less.
This will always fall to the workers. The recent recession had tax payers bail out the banks as well as pay bonuses. all because banks got very greedy.
Its not a flaw, its working as planned. But yeah, our “market solutions”, basically any problem created by capitalism just gets exploited for profit. Even when the economy crashes its actually a good thing for the very rich, as it " disciplines" labor, moves people down and out of the middle class which lowers wages systematically, takes out a few competitors, etc.,
Even when the economy crashes its actually a good thing for the very rich, as it " disciplines" labor, moves people down and out of the middle class which lowers wages systematically, takes out a few competitors, etc.,
If you look at it, every crisis always results in transfer of wealth up. Covid was the biggest up to date.
There are other things unmanageable.
Like a nuclear superpower with vast fertile southern lands fit for growing grapes, sea access with fishing fleet, and all such, which had a significant part of population under threat of scurvy. Because capitalism makes logistics work, it’s the reason European colonial empires could exist.
Or the same nuclear superpower, which boasted widespread literacy and all that, except that conveniently ignored Central Asian areas mostly busy with growing, collecting and processing cotton. Damn right, my dear. These were, ahem, not very developed even in 1991.
Or the same nuclear superpower, which had a powerful standardization apparatus, but when you look at its tank models or anything else, the components which could be interchangeable were just slightly incompatible. They were designed by people with the same kind of education and understanding and context, for the same purpose, but, first, every defense plant or research institute or something wanted to have their standard and they did get it, second, due to secrecy and vertical administrative structure there were little communication between them.
Or a system of logistics, that turned into shit the moment that superpower decided to leave the chat, leaving populations of whole countries foraging for wood to not freeze at winter.
Capitalism works differently, because it (any human actually, you included) tries to get more with less. Non-market instruments are supposed to constrain it to doing that only honestly.
I would never advocate for a super power, I want a classless society, this means no political class either.
“Political Class” isn’t really a thing, though, unless you’re replacing Class with Category, in which case “plumber” and “janitor” would be distinct classes. Administration and management are forms of labor, and are necessary in large-scale complex production, even Anarchists concede this.
Well, we’ll see a lot of things tried.
If you’ve heard of the “new Medieval” concept, we are approaching it.
I like Star Wars as a really prophetic piece of culture (before Disney of course).
So - there was the original trilogy, with the set of symbols that is normal for us today, but wasn’t when the first movie came out. In some sense it warned of what would happen for more than a decade after it.
And there was the prequel trilogy, which it seems to be a fashion of calling stupid and bad, and Attack of the Clones is often called the worst movie of the prequels. Well, in implementation it may be not too good, but just like the original trilogy’s second movie is the deepest, the prequel trilogy’s second movie is the deepest. AotC too was prophetic, and in that prophecy we live right now.
Now there’s that issue with chronology, where the order of events is different, but it can be anything. It’s symbolic art, not a chart. In real life events can happen in any order.
So - Lucas wanted to make three more movies (discarding Disney crap), after RotJ chronologically. I don’t know what these would be, but logically AotC’s philosophy is between ESB’s and something which would look like that “new Medieval” I’ve remembered. BTW, it’s not a nice thing. Just inevitable in opinions of some people.
LOL, a post out of nothing.
Strong “I can fix him” energy out there.
It can definitely be argued that capitalists themselves fucking hate capitalism.
That was a brilliant read.
I appreciated the nuance, and it even added a lot of perspective to the notion that Adam Smith’s “capitalism” concept was not the evil and inhuman machine we experience today.
I’ve noticed this move to “technofeudalism” everywhere but didn’t have a name for it. It’s exhausting seeing how many services, products, businesses, whatever, all simply want to coast on monthly payments and lock-ins for what amounts to merely keeping the lights on.
The PetsMart thing was insidious. This surely solidifies the definition of “human resources”: Seeking to control people as “assets” that generate profits like (proprietary) batteries.
It seems it should be a priority goal to undermine the corporate and wealthy’s dominion over “assets.” They’d be terrified of this, as they might actually have to do something besides acquire everyone else’s hard work for a change!
Yes exactly.
