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this post was submitted on 12 Jul 2023
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We don't even have capitalism yet, what late stage are you talking about?
What are you defining capitalism as, and what word would you use to describe our current system?
No true Scotsman.
You can read about capitalism in Wikipedia.
Most countries today move towards economical fascism, where governments exercise control over private property but do not nationalize it. Lobbying, donor interest protection, cronyism, rise of oligarchy - you can see it in many countries. And then inevitable radicalisation of the public and scapegoating everything else as the core issue. Capitalism, migrants, ecology - everything is a problem but the government.
This Wikipedia article says that the US is a capitalist system.
Where are these things listed in the article as being incompatible with capitalism, and their presence meaning it's some other system?
I guess that really depends on where you live. I can only speak on behalf of the US.
Where do you have capitalism in US? US is probably one of the most anti capitalist countries in the world right now.
That's not really true though and it's anecdotal. The anti-capitalist mindset might be growing due to awareness and people suffering at the hands of capitalism (continued layoffs, increased cost of groceries and rent, union busting, worker exploitation), but that's because of the ever-tightening squeeze of late capitalism. When you have a structure that requires infinite growth to exist, in a world with finite resources, you end up with the current state of the US.
I think it would be more accurate to say that the anti-capitalist mindset among the working class has definitely grown in the US, but at its core, the US is pro-capitalist.
Where's US pro capitalist? It's one of a few countries with legal corruption called lobbying, which helps big corps to shield themselves from competition. US today has a plethora of laws and regulations which create and sustain monopolies. US has whole industries created by lawmakers and completely stonewalled from anyone entering them. Capitalism my ass...
Also capitalism doesn't require infinite growth. I don't know where you people are getting that lunacy from.
Infinite growth is not a core part of capitalism. You're right there. But do you know what is? Pursuit of profit. And do you know what leaves dollar signs in companies eyes? Pursuing infinite growth. Infinite growth results in infinite capital, in theory. Such growth is not a requirement of capitalism, but it is the logical conclusion when you throw sustainability out of the window. And boy, do we know that corps love doing that!
You summarized the infinite growth aspect better than I did. This is exactly what I was referring to. Thank you!
I’m not sure where they are getting their info or how the US isn’t a capitalist hellscape. The US in its current state is exactly what happens when capitalism reaches a boiling point because all of the people driving it pursue infinite growth with zero accountability.
Laws and regulations that allow capitalists to continue their pursuit of infinite growth. One of the definitions of capitalism is simply:
This is like a 1:1 definition of what we have in the US today, and our government enables, protects, and benefits from it. It’s “late” capitalism because it’s grown into a completely unsustainable system.
Late capitalism is the acceleration of growth and concentration of wealth in the hands of a few, with various crises being the result (layoffs, inflated prices, union busting, cuts in safety—e.g train derailments, etc).
That's not capitalism, lol. Oh, you people...
Enlighten us then.
Ok, buddy.
Bruh, I don't believe in late stage capitalism either but we are definitely living in capitalist economies in most of the world.
Capitalism isn't just laissez-faire, completely free market type stuff. It's a spectrum.