You Are Witnessing the Death of American Capitalism
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    • metaStatic@kbin.earth
      0·
      1 month ago

      people don’t seem to understand that the profit motive has never been the driving force of capitalism.

      capitalism is at it’s most base level is just private property rights and it still works exceptionally well.

      the lie that was sold to the public may be dying but capitalism isn’t going anywhere.

      • davel@lemmy.mlEnglish
        0·
        1 month ago

        people don’t seem to understand that the profit motive has never been the driving force of capitalism.

        Is this a joke?

        The M-C-M’ profit motive is self-evidently the driving force. Just ask literally any member of the capitalist class.

        capitalism is at it’s most base level is just private property rights and it still works exceptionally well.

        Yes, and not just any kind of property, but specifically the means of production. And it does work well, but not for everyone, specifically for the bourgeoisie, who are the ones who own said private property. It doesn’t work well for the proletariat, and it works less and less well for them as private ownership continues to consolidate to a smaller and smaller circle of wealthier & more powerful billionaire oligarchs.

        • metaStatic@kbin.earth
          0·
          1 month ago

          Why would a system that cares about profit hire middle managers?

          it’s the power struggle. always has been. the implication is always that the system is working for those in power or it would be changed.

          • Grapho@lemmy.ml
            1·
            1 month ago

            Because capitalists usually don’t know how to do a single fucking thing, and rely on other workers to direct production and, mostly, to act as disciplinarians who avert unionization and promote an environment of exploitation. You’ve never seen anyone half as worried about the owner’s money as the guy with the small office, slightly higher pay, and a plaque that says you’re under him.

  • davel@lemmy.mlEnglish
    0·
    1 month ago

    It’s still capitalism, continuing on its path of further consolidation/monopolization and financialization/rent seeking[1], as predicted and explained by Marxists. Capitalism isn’t going to simply die on its own; it won’t go down without a fight.

    1. And imperialism and fascism. ↩︎

    • ch00f@lemmy.world
      0·
      1 month ago

      If you watch the video, he discusses how Capitalism has moved away from the traditional definition as private ownership is stripped away from everyone participating in Capitalism.

      • davel@lemmy.mlEnglish
        0·
        1 month ago

        Yes, ownership is stripped away from us, and transferred to the ever-shrinking circle of rent-seeking monopoly capitalists.

        • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
          1·
          1 month ago

          This thread is a perfect example of why Marxist keep trying to get people to read a book for once in their lives. All these things people are “discovering” right now about the nature of capitalism have been well understood for like a whole century now.

          • Cowbee [he/they]@lemmy.ml
            1·
            1 month ago

            On the flip-side, the fact that non-Marxists are now discovering similar conclusions to what Marxists have already known to be true is a good sign for political consciousness among the Western Proletariat. It can also make Marxism more appealing than it once was, as these jumps aren’t as far as when Liberalism has a stronger hold.

          • eldavi@lemmy.mlEnglish
            1·
            1 month ago

            to be fair: marxism is so demonized and capitalism so venerated that you would not only have to overcome your programming, but you would have to be made aware of where how to access m/l materials; which can only happen by accident in my country, since all other sources are edited for propaganda’s sake.

            also: capital is dense af; pushing audiobooks & youtube links would gain traction much more easily as they did for me here on lemmy.

            • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
              1·
              1 month ago

              For sure, most people don’t have time to read dense theory and they rely on people with the interest and ability to get through that and package it up in an accessible way. This is the whole idea of a vanguard in Marxism. While large sections of western left reject the notion of vanguardism, the reality is that people creating this sort of content are playing that role. The problem here is that they’re attempting to educate people on the problems, without spending the time to educate themselves first. I think that we have to hold these kinds of content creators to a higher standard.

          • explodicle@sh.itjust.worksEnglish
            0·
            1 month ago

            The benefit of articles is that OP’s argument is evaluated independently, instead of alongside everything else in the book. If you stop reading at the first part that seems wrong, you won’t read the other ideas.

            • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
              1·
              1 month ago

              My complaint is regarding the argument being presented as something that’s just been discovered while it’s something that’s been well understood for around a century now. It’s perfectly fine for people to make their own independent analysis, but it’s important to frame it in the context of what’s already known.

              What I’m saying here is that content producers should spend more time educating themselves on the subjects they purport to educate others on.