There’s nothing wrong with capitalism. The problem is late stage capitalism which we’re in. Also they didn’t anticipate how the world would change when the idea was constructed. Like “the right to bare arms” when it was written was quite different than it is now.
I feel like this is like saying “there’s nothing wrong with skydiving without a parachute, it’s hitting the ground that’s the problem”.
The very nature of how capital is designed to accumulate under capitalism makes avoiding late stage capitalism impossible. The ownership class will always accumulate enough capital to exert more and more control over the government meant to regulate its greed. Eventually creating a cascading effect that destabilizes the markets ability to distribute resources in a way that can support a civil society.
There’s nothing wrong with capitalism. The problem is late stage capitalism which we’re in. Also they didn’t anticipate how the world would change when the idea was constructed. Like “the right to bare arms” when it was written was quite different than it is now.
I feel like this is like saying “there’s nothing wrong with skydiving without a parachute, it’s hitting the ground that’s the problem”.
The very nature of how capital is designed to accumulate under capitalism makes avoiding late stage capitalism impossible. The ownership class will always accumulate enough capital to exert more and more control over the government meant to regulate its greed. Eventually creating a cascading effect that destabilizes the markets ability to distribute resources in a way that can support a civil society.