I might be wrong, but I think you mean infinite growth in a finite system.
You can have exponential growth in a finite system can’t you? As exponential is just that it gets faster and faster compared to linearly increasing variables.
I guess at some point growth has to stop being exponential in a finite system, but the same can be argued for linear growth I think.
Regulation and reform isn’t anti-capitalist though.
“Real” anti-capitalism lies in the realisation that this system cannot be reformed, the status quo must be dismantled if we ever want to move past it and truly work towards values of freedom and equality.
Capitalism really is trading goods for currency, and allowing lending and investment. What’s going on though, with unchecked companies and laughable fines, ruins the whole thing. In its current state, capitalism will be our undoing, but with proper laws, regulations and oversight, it could work.
The problem is, corps have grown too powerful already and can blackmail governments. It’s like other models that could work in theory, but never benefit the people in the end. Communism tends to lead to tyranny, for example.
People are just really shit at designing and running big societies.
Capitalism isn’t trading good for/with currency though. Socialist and Communist societies would still use currency as it is a lot easier than bartering everything. And in Socialists society, you can still have lending and investments.
Capitalism is the means of production and trade owned by private entities (be it a person or a corporation) to make profits.
You are right though, inevitably, capitalism leads to consolidation and monopolies which we see today.
Trading with currency is the basis for capitalism. Capitalism is lending/investing. When you don’t have any actual wares at hand, but currency, virtual value, you trade for higher future virtual value.
You could barter cows and still be in a capitalistic society. It just wouldn’t be
Currency is just a way to simplify a transaction. I have a cow thatis valued at 100$. I get 100$ that I then spend on whatever. I don’t need to trade a cow for a 100 eggs, then keep 10 eggs and trade for butters.
Lending isn’t inherently capitalistic. I can lend a 100$ to my friend to start a business and he gives me back a 100$ after a time, no interest.
Capitalism, Socialism and Communism are only how the means of production/trade is owned. Wage labor can still exist.
In capitalism, the means of production and trade are owned by private entities. Worker trade their labour for a set wage. All the profit goes to the owner/shareholder.
In socialism, the worker owns the means of production and trade. If a coop is more profitable than the next one, the worker of the first coop get more money. The profits are distributed amongst the workers that produced the goods. The workers own the coop/company.
In communism, the state owns the mean of production. The profits of the coop/company goes back to the state and are then redistributed in the society.
Socialism can still have investment, but the returns necessarily be money. A certain good is needed. The worker pool their money to build a factory and make a successful product. The workers then get a return on their investment (they make more money than they initially had).
All those examples are capitalism and changes absolutely nothing for humanity except the shape of the slave driver. Your mistake is thinking of commodity production and wage labor as unchanging, eternal states of being which comes from the bourgeois economic ideology taught to you, a notion Marx already destroyed. There was a “before” capitalist production and there will be an “after”
Trickle down didn’t work in the 1980’s or anytime after that.
Trickle down did work in the 1940’s, 1950’s, and most of the 1960’s, it just wasn’t called “trickle down” at that time.
The difference was a punitively high tax rate that nobody actually paid, because they found better ways to spend their excess revenue than simply giving it to Uncle Sam.
It turns out that when the richest among us are forced to spend instead of lend, the rest of us finally start to earn fair wages.
Trickle down never worked, this is end game capitalism, something else needs to be added to this mix to fix this mess.
Capitalism naturally ends up in this position. That’s why it’s so hard to “fix” – to those at the top, nothing is wrong.
Exactly, capitalism is economic perpetual motion, you can’t have exponential growth in a finite system.
I might be wrong, but I think you mean infinite growth in a finite system.
You can have exponential growth in a finite system can’t you? As exponential is just that it gets faster and faster compared to linearly increasing variables.
I guess at some point growth has to stop being exponential in a finite system, but the same can be argued for linear growth I think.
It’s not regulated properly, that’s the problem
But those regulations are constantly labeled as “anticapitalist” – because they are.
Why is it so wrong to poke at the inner workings of capitalism? Why must it be infallible?
Regulation and reform isn’t anti-capitalist though.
“Real” anti-capitalism lies in the realisation that this system cannot be reformed, the status quo must be dismantled if we ever want to move past it and truly work towards values of freedom and equality.
Because the people benefiting from its brokenness aren’t ready to stop salting the earth for numbers.
Capitalism really is trading goods for currency, and allowing lending and investment. What’s going on though, with unchecked companies and laughable fines, ruins the whole thing. In its current state, capitalism will be our undoing, but with proper laws, regulations and oversight, it could work.
The problem is, corps have grown too powerful already and can blackmail governments. It’s like other models that could work in theory, but never benefit the people in the end. Communism tends to lead to tyranny, for example.
People are just really shit at designing and running big societies.
Capitalism isn’t trading good for/with currency though. Socialist and Communist societies would still use currency as it is a lot easier than bartering everything. And in Socialists society, you can still have lending and investments.
Capitalism is the means of production and trade owned by private entities (be it a person or a corporation) to make profits.
You are right though, inevitably, capitalism leads to consolidation and monopolies which we see today.
Trading with currency is the basis for capitalism. Capitalism is lending/investing. When you don’t have any actual wares at hand, but currency, virtual value, you trade for higher future virtual value.
You could barter cows and still be in a capitalistic society. It just wouldn’t be
Currency is just a way to simplify a transaction. I have a cow thatis valued at 100$. I get 100$ that I then spend on whatever. I don’t need to trade a cow for a 100 eggs, then keep 10 eggs and trade for butters.
Lending isn’t inherently capitalistic. I can lend a 100$ to my friend to start a business and he gives me back a 100$ after a time, no interest.
Communism is when the government steals your cows and gives you back the milk as rations.
Capitalism is when you have somebody milk the cow for you and then you sell the milk and get rich and everyone calls you Mr Milkman the Millionaire.
As you can see capitalism is a much preferable system.
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Capitalism, Socialism and Communism are only how the means of production/trade is owned. Wage labor can still exist.
In capitalism, the means of production and trade are owned by private entities. Worker trade their labour for a set wage. All the profit goes to the owner/shareholder.
In socialism, the worker owns the means of production and trade. If a coop is more profitable than the next one, the worker of the first coop get more money. The profits are distributed amongst the workers that produced the goods. The workers own the coop/company.
In communism, the state owns the mean of production. The profits of the coop/company goes back to the state and are then redistributed in the society.
Socialism can still have investment, but the returns necessarily be money. A certain good is needed. The worker pool their money to build a factory and make a successful product. The workers then get a return on their investment (they make more money than they initially had).
All those examples are capitalism and changes absolutely nothing for humanity except the shape of the slave driver. Your mistake is thinking of commodity production and wage labor as unchanging, eternal states of being which comes from the bourgeois economic ideology taught to you, a notion Marx already destroyed. There was a “before” capitalist production and there will be an “after”
Trickle down didn’t work in the 1980’s or anytime after that.
Trickle down did work in the 1940’s, 1950’s, and most of the 1960’s, it just wasn’t called “trickle down” at that time.
The difference was a punitively high tax rate that nobody actually paid, because they found better ways to spend their excess revenue than simply giving it to Uncle Sam.
It turns out that when the richest among us are forced to spend instead of lend, the rest of us finally start to earn fair wages.
It only worked for white people, not people of color