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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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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[–] undergroundoverground 1 points 3 hours ago (1 children)

For sure, merchantislism was very controlled too. I meant in terms of the market having that potential, according to the Hobbesian view of the time but that's fair enough to clarify.

On the contrary, the formation of joint stock companies, to whom monopoly contracts were given, was the birth of capitalism and, like capitalism has always been, there was nothing democratic about it. Not even Slightly. For example, the Royal African company was handed a monopoly of the transatlantic slave trade. Capitalism is both the antithesis ruin of democracy. It's economic aristocracy which makes sense when you remember where it came from.

Capitalism was always meant to consolidate power. It's capitalism's nature and I believe capitalism began earlier than people realise. Its also far more intimately linked to slavery and the slave trade than anyone would be comfortable with.

This is why they don't teach the birth of capitalism is school. Its history is its own critique, from which it can't morally recover. Its illegal to critique capitalism in just about every school in the west. I'm not even talking your Marxist level stuff. I mean anything other than "this exact form of capitalism is perfect in every single way" is illegal.

[–] Maggoty 1 points 3 hours ago

I think that requires losing some of Capitalism's ideological tent poles. Like free trade. You obviously can't have free trade while the British and Dutch East Indies Companies are having a state sanctioned war over who gets the rum plantations.

If you want to rely on profit seeking and markets then you can say Capitalism goes all the way back to ancient times.

I do agree that looking at it's birth is enough to disqualify it, but that birth is in the mid Industrial Revolution, not the Renaissance.