• UnderpantsWeevil@lemmy.world
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    6 hours ago

    Capitalism has its benefits. Namely, the rapid economic growth afforded through exploitation of natural resources by unemployed labor mixed with cash-rich / debt-friendly entrepreneurs. You don’t want an economic system that loses the benefits of industrialization and domestic improvement.

    On the flip side, capitalism also has a huge problem of wealth distribution. Bottlenecks within the flow of revenue create huge pools of malinvestment, squandered natural resources on vanity projects, and a strong incentive for public sector militarization / police violence as a tool to maintain the disproportionate wealth distribution.

    We need a system in which individuals can still cooperatively administer an economy with an eye towards long term economic prosperity, but one in which the surpluses aren’t horded or wasted by a rigid hierarchy of generationally wealthy lenders and carnival barker entrepreneurs. Communism provides a roadmap for redistributing titles and incomes across entire populations, while still socially reproducing a bureaucracy capable of managing industrial-scale and national-scale projects.

      • UnderpantsWeevil@lemmy.world
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        1 hour ago

        Capitalism has zero benefits whatsoever

        Even Marx didn’t believe that. Capitalism is an outgrowth of industrialization, repetitively turning low-surplus undeveloped real estate into high-surplus improved real estate. If you’re not generating and then reinvesting your surplus, you’re not going to move past a feudal agrarian economy into a post-scarcity socialist state.

        you have American brainrot

        This is, at absolute worst, British/German brainrot. The Americans fetishized the idea of capitalism and hid from its excesses with westward migration. But the Old World scholars were shoved into the maw and out the anus of it a century earlier.