Capitalism says make the new thing, then make versions as cheaply and as lavishly as possible as the market saturates and profit margins decrease, skim as much profit as possible for the owner class by exploiting workers and consumers until the bottom falls out, then declare bankruptcy, fire all of your employees, sell the business to a liquidator, and repeat.
An intentional civilization would make the new thing, then use the abundance of profit from interest to design improved versions of the thing, eventually scaling down production to a niche market of artisan products run by people with a passion for the work, and releasing all of the information into the open source market so that individuals can make their own modifications. No exploitation, no inequality, all the benefits of capitalism’s infrastructure.
Capitalism says make the new thing, then make versions as cheaply and as lavishly as possible as the market saturates and profit margins decrease, skim as much profit as possible for the owner class by exploiting workers and consumers until the bottom falls out, then declare bankruptcy, fire all of your employees, sell the business to a liquidator, and repeat.
An intentional civilization would make the new thing, then use the abundance of profit from interest to design improved versions of the thing, eventually scaling down production to a niche market of artisan products run by people with a passion for the work, and releasing all of the information into the open source market so that individuals can make their own modifications. No exploitation, no inequality, all the benefits of capitalism’s infrastructure.