They often enough blame these problems on the state. Like we aren’t capitalisming hard enough and if only the last remnants of regulation will fall, the shining light of free market economy will make everyone happier.
They fundamentally think that state power is (to varying extents) unethical. They also think human interaction should be voluntary (for the |ost part). It’s awkward to think that people deserve to live and trade without interference and not think a group of people should be able to if they want.
Lots of people conflate capitalism, voluntary interaction, and whatever the fuck we have going on now. I won’t get started on how fucked most people’s view of (proper) left ideologies are.
So we line up, use proprietary language, and throw rocks at each other while shouting absurdly reductionist slogans.
David Graeber’s book “Debt: The First 5,000 Years” really opened my eyes to the huge variety of economic systems that have existed. There’s so many other ways we could be living.
Capitalism is based on free markets. When regulatory capture has happened, the free market has degraded.
Smart people will pat themselves on the back for noticing that capitalism leads to regulatory capture.
Yes, capitalism tends to degrade. Just like all things. The fact that capitalism can transform into non-capitalism just means it exists in the same universe as all other phenomena.
They often enough blame these problems on the state. Like we aren’t capitalisming hard enough and if only the last remnants of regulation will fall, the shining light of free market economy will make everyone happier.
They fundamentally think that state power is (to varying extents) unethical. They also think human interaction should be voluntary (for the |ost part). It’s awkward to think that people deserve to live and trade without interference and not think a group of people should be able to if they want.
Lots of people conflate capitalism, voluntary interaction, and whatever the fuck we have going on now. I won’t get started on how fucked most people’s view of (proper) left ideologies are.
So we line up, use proprietary language, and throw rocks at each other while shouting absurdly reductionist slogans.
David Graeber’s book “Debt: The First 5,000 Years” really opened my eyes to the huge variety of economic systems that have existed. There’s so many other ways we could be living.
Capitalism is based on free markets. When regulatory capture has happened, the free market has degraded.
Smart people will pat themselves on the back for noticing that capitalism leads to regulatory capture.
Yes, capitalism tends to degrade. Just like all things. The fact that capitalism can transform into non-capitalism just means it exists in the same universe as all other phenomena.