Late Stage Capitalism

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A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.

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founded 3 months ago

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K1nsey6

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Capitalism is worse. Kings were chosen by accident of birth. CEOs are chosen through a contest where the most inhuman psychopath wins. (lemmy.world)

submitted 1 day ago by K1nsey6 to c/latestagecapitalism

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[–] Maggoty 2 points 15 hours ago

To be fair mercantilism was highly controlled. The original corporations were created under mercantilism and given such broad monopolies that they had their own soldiers and fought their own wars.

So it wasn't exactly a bastion of choice either. Capitalism was the Democratic backlash against kings giving out monopoly contracts. But it was only ever meant to widen the ownership class so all the nobles and rich people could play, and not just the super connected ones. The workers were never supposed to benefit.