this post was submitted on 27 Apr 2026
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And, a recent tour of one of the Asian powerhouse's vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.

"We have no chance against this," Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier's floor.

Ford executives saying even three years ago that China was way ahead of the game

Toyota's CEO has likewise said regarding not just his company, but the industry in general, "unless things change, we will not survive"

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[–] EightBitBlood@lemmy.world 1 points 4 days ago* (last edited 4 days ago) (1 children)

Wikipedia fully agrees with me if you read the very next paragraph from your link you didn't quote, emphasis mine:

This socioeconomic system has developed historically in several stages, and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth.

Yes I understand markets are one component of capitalism, I also understand that without them we don't have capitalism as like you've said that's a constituent component necessary for it to be defined as capitalism.

What market is there for Facebook? Google? X? Your ISP? Your government? Is it like 2 companies you have a choice between at most? Between Verizon or Quest? Between Facebook or MySpace? Between Democrat or Republican?

If there's extremely limited choices in your markets, you don't have markets. So you don't have capitalism.

If you don't have markets where things can compete for money based on their innovation, you get enshittification from the few companies who control everything. Which is very obviously where we are now.

In short the enshittification of all things is because we no longer have competitive markets for consumers to use their money to buy what's best. In its place, instead we have a CRAPitalist system that clearly doesn't fit the definition of capitalism.

Which is my point. Which is why you cherry picked your answer from Wikipedia rather than reading more than the first paragraph.

[–] quips@slrpnk.net 1 points 4 days ago

So competitive markets are one part of a capitalist system, like I said… and capitalism is defined by using these markets to extract surplus labor value, like I said…