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.
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.
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.
That’s a main feature dude!
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.,
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.