this post was submitted on 21 Sep 2023
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That's not a separate thing, it's just capitalism in crisis because of the tendency of the rate of profit to fall
I can see why you would think that. I think this video explains it well https://www.youtube.com/watch?v=xDPPig9JR5Y.
TL;DW: Capitalism in it's true form was "I give you this, you give me that". Exchange of goods. And from that perspective, it has worked. But now that nobody sells stuff anymore but holds you or the goods you want hostage, it has devolved back to the old system of feudalism where you live somewhere and the king asks for your work and money so you can live there.
I'm not saying thats the only way to look at it but I find the explanation pretty good. It would explain why so many people who are actually very good at trading things struggle in this climate now while others now thrive who have no clue how to produce viable products.
Capitalism is a system where the means of production are privately owned and operated with the goal of generating profit for the owners. It has nothing to do with that other stuff you said.
Absolute baby brained understanding of capitalism
I find your comment highly condescending. Care to elaborate?
there is "Passiv income class" and there is "Active income class"
Passiv income class lifes by/ off the Active Income of OTHERS , it is inherently parasitic and it will always intent to increas its parasitic Income..
thereby it will allways immiserate the active Income class . it is an eternal war ..
and you will instantly understand that war because YOU PErsonally would ver much like to NOT WORK but to let OTHERS WORK ..
The Passiv income class has ONE SINGLE OBJECTIV , it will increas e its PASSIV income , it will Increas the Exploitation of the ACtive income classes ..
this is the Class war . It is eternal as Communist (its describtion) .. Obviously the "PASSIV INCOME CLASS" will not be interested in explaining to the moronic people that they "Life of THEIR LABOUR" and are a Parasite .. so they gonna try to convince you that THEY DESERVE IT , they gonna use Ideology for that Task , they gonna tell you a story of "higgher " and "lower" humans and Determination and Indivdual Guilt of the non Privledged Active income classes ..
TLDR:
You are Active income (you will be by 99,9% chance) , YOU ARE AT WAR with the Passiv Income Class , that BY DEFINITION lives PARASITIC off the Masses and Will Allways seek to increase its "Passive Income" ..
as you do when you dream of riches ..
no
well, then go troll someone else. blocked.
Capitalism is when exchange. This is why McDonald’s began in prehistoric times.
https://en.wikipedia.org/wiki/Capitalism
You deserve condescension for your willful ignorance and lack of humility. That's just how the world works.
You don't seem very interested in the responses that do elaborate. I wonder why that is . . .
Go get yourself another hobby. No drama for you here today. Sorry.
Hey, why don’t you engage with all the people who are explaining to you in good faith and great detail how your understanding and comments are deeply flawed instead of just having a snit with the one who didn’t?
Trading goods isn't capitalism. Trading goods has existed for thousands upon thousands of years. Capitalism has only existed for a few hundred years.
I know you mean well, but this speaks to a deep educational misunderstanding about what capitalism is. If you are interested in learning about what it is, how it functions and how it relates to and differs from previous systems I am up for helping out with a short 101 and making recommendations for further reading.
Sure! Feel free. I mean, I can read wikipedia and it basically says „private ownership of the means of production used for profit.“ as well as „competitive markets“ which are not what we are seeing nowadays.
I‘m used to being misunderstood due to my differently wired brain but I‘m always eager to learn. So hit me. :)
The correct one is „private ownership of the means of production used for profit.“ Capitalism is about having capital, that is, some thing that makes other people give you money, but you don't lose it when they give you money, like a factory, brand loyalty or IP rights. Competitive markets stifle this, so capitalists try to eliminate the competition and they've been succeeding. It's not like trading. In trading you give me money for my coal, but I don't have the coal any more so I have to dig more coal from the ground to get more money.
So you believe capitalism existed all the way back during the neolithic and beyond, were cavemen "true capitalists"? Capital isn't a set of goods simply traded between people, it's circulating money tied to productive property or alienated assets
Primitive exchange of goods requires the goods becoming the means and the ends even if money is an intermediary, under capitalism it's capital (i.e. money) that becomes the end, while goods may or may not be the means of generation, and since money is the sole metric of success there must a set of people who work for capitalists to create that money and reproduce themselves, since goods are hidden behind said money
What are you referring to when you say "capitalism"?
Are you talking about the dominant economic paradigm of the Enlightenment through to the present day, characterized by companies with private and fully transferrable ownership, named after the concept of "capital gains", embodying the distinction between land and labor and capital and entrepreneurship, and originally pioneered by the Dutch East India Company (and also the British one)?
Or are you talking about a more vague pattern of human relations that merely involves exchange between two private parties that is mediated by some sort of ruleset?
a gift economy is also an exchange of goods but it's decidedly not capitalism - no one earns any profit and there's no flow converting money into capital and capital back into money.
Amazing
Capitalism and free markets are different things. You're thinking of free markets.