• @masquenox
    link
    34 months ago

    Capitalism without meaningful regulation is just capitalist inevitability.

    • @[email protected]
      link
      fedilink
      14 months ago

      Ash without flame is just flame’s inevitability.

      This does not mean that going straight to the ash is the way to get heat. When you see the ash, that material has released its heat.

      A free market processes information to distribute resources, but it’s a finite-lifespan system. As that money moves around, directing resource flows through individual choice, it steadily accumulates at the center.

      Capitalism degrades into oligarchy. During its finite lifespan, it’s useful.

      You can extend the lifespan of capitalism by adding UBI which redistributes the money back out from the center.

      If you don’t do that, then the capitalism eventually degrades into a centrally-controlled economy like the soviet union. If you don’t like “late stage capitalism”, then you’re a free market lover at heart because “late stage capitalism” is where the other, non-free-market economic systems start out.

      • @masquenox
        link
        14 months ago

        A free market processes information to distribute resources to the already wealthy

        FTFY.

        During its finite lifespan, it’s useful.

        Useful to whom? The enormous amounts of cheap, expendable and impoverished labor required to keep the parasites rich, perhaps?

        If you don’t like “late stage capitalism”, then you’re a free market lover at heart

        Riiiight… if I don’t like beheadings I must (somehow) also be a fan of traumatic amputations? You’re a genius, Clyde.

        It’s not all bad, though… I do like your “ashes” metaphor - it’s pretty apt to describe what capitalism has delivered onto the world.