cross-posted from: https://hexbear.net/post/9486838
this post was submitted on 07 Sep 2026
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Hot take: capitalism works when you turn capitalism against itself. Let corporates compete with each other to create high quality of products for every niche it can find.
What does it work at? Capitalism is excellent at rapidly increasing productive capacity, but it is also excellent at rapidly consolidating control over productive capacity into as few hands as possible. Unless you exclude capitalists from the political process, this inevitably leads to oligarchy and neo-feudalism.
As long as super powerful positions are created people will use those positions to entrench and sustain their power, the only solution is democracy, we see this as self evident in politics but it should also be self evident in the workplace. That is the thesis of socialism. Capitalism fails because it ignores human nature.
Hot take: the whole (theoretical) concept behind capitalism
water on your take - capitalism seeks always to maximize returns to capital holders. Therefore monopoly and cartel behavior will be the inevitable result without a countervailing force.
Even more water - political power cannot contain capitalism, because economic power can be exchanged for political and military power. Only ownership of capital by the society in general provides a way to avoid oligarchy long-term.
Not the "whole". That part is the "Free Market Economy", which is one part of what defines Capitalism. The other part is private ownership of the means of production.
You can have a free market economy also without private ownership of the means of production. I.e. worker or state owned companies can compete in a free market.
True. I was just unsure if people remember it :D