this post was submitted on 01 Jul 2023
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The problem is that we started with competition and it led to imperialism (monopoly finance capitalism) as a matter of historical fact. What forces are powerful enough to break those monopolies? What forces could prevent them from forming again if they were broken? And if they were effectively broken, why would those forces simply re-install early capitalism, knowing how terrible it was, given that they have organised the power to overthrow the most violent people in history? What safeguards in the hypothetical model of early non-monopoly capitalism could prevent climate change, given that capitalism still requires unlimited growth? How could non-monopoly capitalism work in a world with AI and advanced tech available only to a few?
I say this to suggest there is no room for a balance between capitalism and socialism. Either the capitalists own the means of production or the workers own the means of production. What you propose requires a dictatorship of the proletariat. But if that happens, we're already at socialism, and they would have zero reason to give the capitalists just a little bit of power back.
If you're here in good faith and want to read some theory that underpins this view, see Lenin, Imperialism: The Highest Stage of Capitalism, chapter IX:
spoiler