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April 19 2024 3.04am

End-of-Life Capitalism

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View Forest Hillbilly's Profile Forest Hillbilly Flag in a hidey-hole 17 Feb 23 7.14am Send a Private Message to Forest Hillbilly Add Forest Hillbilly as a friend

Is this where we are at ?
Every business model has a shelf-life, unless it evolves. i do not like the way Capitalism has evolved in the UK. Competition was meant to reduce prices and entrepreneurs were encouraged.
We now seem at a stage where giant cartels have captured markets (fuel, energy, food, water companies) and profits are not providing better service, but dividends for shareholders. Especially in the arms industry, where it is now morally bankrupt.
Individual data gathering, by co-ordinated databases.
Instead of more individual choice, many people have little or no choice.
So is capitalism failing in the end-game ?

 


"The facts have changed", Rishi Sunak

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View Matov's Profile Matov Flag 17 Feb 23 7.40am Send a Private Message to Matov Add Matov as a friend

Capitalism is the least worse option, to coin a phrase. The notion of a market economy has its faults but it has consistently proved the model by which supply and demand works its way through and allows surpluses to be created.

The issue we have at the moment is effectively the influence of both corporations and the petro-dollar. The later will, I expect, be negated by technology and Corporations will effectively implode on themselves in the way that they always do.

What follows, then I do not know but outside of some world in which the primary driver of market forces is eliminated i.e scarcity, then a market economy, and the subsequent capitalism it creates, will be with us in one form or the other. Any attempts to crush it through other means invariably ends in failure.

And let's not forget that despite all the current worries and woes, we are still living longer (and not sure that is a good thing but bringing personal issues to the table on that one) on average than any human before and the global increase in living standards over the last 100 years is unprecedented.

 


"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.

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View cryrst's Profile cryrst Flag The garden of England 17 Feb 23 6.00pm Send a Private Message to cryrst Add cryrst as a friend

Originally posted by Matov

Capitalism is the least worse option, to coin a phrase. The notion of a market economy has its faults but it has consistently proved the model by which supply and demand works its way through and allows surpluses to be created.

The issue we have at the moment is effectively the influence of both corporations and the petro-dollar. The later will, I expect, be negated by technology and Corporations will effectively implode on themselves in the way that they always do.

What follows, then I do not know but outside of some world in which the primary driver of market forces is eliminated i.e scarcity, then a market economy, and the subsequent capitalism it creates, will be with us in one form or the other. Any attempts to crush it through other means invariably ends in failure.

And let's not forget that despite all the current worries and woes, we are still living longer (and not sure that is a good thing but bringing personal issues to the table on that one) on average than any human before and the global increase in living standards over the last 100 years is unprecedented.

Alongside capitalism dragging more people out of poverty than any other form of ‘rule’. fwoabw.

 

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View HeathMan's Profile HeathMan Flag Purley 17 Feb 23 11.05pm Send a Private Message to HeathMan Holmesdale Online Elite Member Add HeathMan as a friend

I saw the title and thought of Swiss "end of life" clinics making too much from their captive client base.

 

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 18 Feb 23 10.50am Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

capitalism, socialism, feudalism, mercantilism, theism....

they all fail eventually.

the US is allegedly one the the wealthiest countries, and vast swathes of cities like Baltimore are filled with homeless junkies.

Super high house-prices and the place looks like the shanties of Soweto.

And now Ireland, UK, Canada and lots of other places are going the same way.

wait til the petrol gets expensive and watch places built on the motorcar all fail. Las Vegas, Milton Keynes etc etc.

 


Eze Peasy at Anfield....

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 18 Feb 23 11.58am Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by PalazioVecchio

capitalism, socialism, feudalism, mercantilism, theism....

they all fail eventually.

the US is allegedly one the the wealthiest countries, and vast swathes of cities like Baltimore are filled with homeless junkies.

Super high house-prices and the place looks like the shanties of Soweto.

And now Ireland, UK, Canada and lots of other places are going the same way.

wait til the petrol gets expensive and watch places built on the motorcar all fail. Las Vegas, Milton Keynes etc etc.

I'd be more immediately concerned about food getting expensive. I think the thread has an interesting premise - people should take a look at what Marx and Engels actually said, rather than listen to US anti communist propaganda.
I'm trying to recall the exact thesis but it was a long the lines of:
Capitalism goes in boom bust cycles - high prices/ low prices speculation profit to be made.
The boom bust cycles get closer and closer together and more frequent - less and less people are satisfied by the system.
The common people, not really owning anything (the proletariat) realise the problem (become class conscious) and take everything from the bourgeoisie (the people with property/capital).
They didn't say people should do it, or that it is good, or nice. They just said it was basically inevitable.
I can't help but think in a global world, we could be looking at a new world system starting to emerge in our time. America and NATO seemed so great up to the 90s. Now - the gloss has worn off and we can visibly see the decline.

 


Red and Blue Army!

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