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Liberals try to understand economics without any Marxist analysis: Difficulty Level: IMPOSSIBLE
(hexbear.net)
Link to video: https://www.youtube.com/watch?v=jOR4wuiPeEQ
TLDR: Hank Green independently discovers "Techno-Feudalism" and says he has not heard anyone else talking about this. Get Yanis Varoufakis on the phone with this liberal NOW!
If that's not capitalism then what do they think capitalism is???
Ime these big brain libs tend to define capitalism as 'dynamic' i.e. companies are being established, folding all the time, leading to innovation etc etc. So monopoly situations are 'not-capitalism' to these people. It's bad because it's unstable, and good because it drives innovation, and that duality is great because it allows liberals to feel very grown up and nuanced.
This is also how they manage to convince themselves that China is "the most capitalist country in history" — they see a dynamic market and assume it must be capitalist
They still refuse to adopt or study Chinese economic policies BTW.
Subjects of the Burgerreich have been conditioned to believe capitalism means Freedom™ and Democracy™
Good.
I doubt he even defines it. I’m reminded of a response that I think ~~Antonio Negri (might be wrong)~~ see below had to Thomas Piketty’s use of Capital and Capitalism without ever actually defining the terms. I can’t find it but it was really succinct
edit: it was Frédéric Lordon
that was a worthwhile read, ty for linking it
This was great