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Capitalism creates its own gravediggers (lemmy.ml)

submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

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[–] [email protected] 5 points 2 months ago

Capitalism is less than 400 years old, and feudalism took probably triple that to fully die out. These are world-historic processes taking a long time, involving new energy sources, technological developments, and declining surpluses.

Capitalism has had many crackups already, and is now in its late stage in most of the world. Even most of the populations of capitalist countries, when polled, are pessimistic about their future.