Other system are more stable, Egypt lasted for thousands of years, the Ottoman Empire was fairly stable without growth for a 1000. Capitalism is the the system were part of the profit is reinvested into new machinery ‘for efficiency’ to undercut competition. Once we do not have competition because there are only 2 or 3 companies (Coke and Pepsi), they fix prices and work to corrupt government to become an Oligarchy. This is why people make the state that we are entering a ‘post capital’ world.
It’s called “ancient Egypt” for convenience’s sake, but it’s not just one continuous state; it’s many states that either succeeded or competed with each other as the country went through cycles of rise, decline, fragmentation and reunification. For a more familiar example think of it as another, much smaller China.
the Ottoman Empire was fairly stable without growth for a 1000.
Other system are more stable, Egypt lasted for thousands of years, the Ottoman Empire was fairly stable without growth for a 1000. Capitalism is the the system were part of the profit is reinvested into new machinery ‘for efficiency’ to undercut competition. Once we do not have competition because there are only 2 or 3 companies (Coke and Pepsi), they fix prices and work to corrupt government to become an Oligarchy. This is why people make the state that we are entering a ‘post capital’ world.
It’s called “ancient Egypt” for convenience’s sake, but it’s not just one continuous state; it’s many states that either succeeded or competed with each other as the country went through cycles of rise, decline, fragmentation and reunification. For a more familiar example think of it as another, much smaller China.
Uh… No?
The boundaries changed, plagues came through. But politically it was mostly stable-ish of sorts ¯_(ツ)_/¯ as an economic system