this post was submitted on 23 Oct 2023
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I found this interesting tidbit in Wikipedia trying to find where I read my source.
Capitalism 1.0 during the 19th century entailed largely unregulated markets with a minimal role for the state (aside from national defense, and protecting property rights)
Capitalism 2.0 during the post-World War II years entailed Keynesianism, a substantial role for the state in regulating markets, and strong welfare states
Capitalism 2.1 entailed a combination of unregulated markets, globalization, and various national obligations by states
You're right ... It sounds like we need another paradigm shift. Fuck web 3 ... we need Capitalism 3 ...
Or how about we just stop using capitalism?
If version 1.0 didn't work, version 2.0 didn't work and version 2.1 didn't work, then maybe the problem is capitalism itself.
Given Web 3 was a shithole of a collective delusion, maybe don't.
or we finally move past capitalism. It had 200 years, and it just keeps generating worse and worse crises, let's just finally accept it's not working.
not a bad idea, what is your suggestion? Socialism seems to be working well for the European people, but we'd need some kind of check and balance so it doesn't descend into the clusterfuck they seem to be going thru (not unlike ours)
what do you mean, socialism in Europe? afaik no European country is socialist