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Cory Doctorow
in reply to Max Leibman • • •I would argue that more precisely, capitalism is the system that allows profits to triumph over rents.
In addition to the class struggle between workers and owners, there's a separate struggle between entrepreneurs and rentiers.
Capitalism is the system in which entrepreneurs triumph, feudalism is the system in which rentiers triumph.
JWcph, Radicalized By Decency
in reply to Cory Doctorow • • •Cory Doctorow
in reply to JWcph, Radicalized By Decency • • •Well, that's certainly Varoufakis's argument, that:
* feudalism was displaced by capitalism when entrepreneurs triumphed over rentiers;
* that Marxists predicted that capitalism would be a transitional stage between feudalism and socialism;
* but actually, capitalism was a transitional stage between feudalism...and feudalism.
pluralistic.net/2023/09/28/clo…
Pluralistic: Yanis Varoufakis’s “Technofeudalism: What Killed Capitalism?” (28 Sep 2023) – Pluralistic: Daily links from Cory Doctorow
pluralistic.netDaniel Lakeland
in reply to Cory Doctorow • • •Isn't capitalism just the system that creates a market for rent-producing assets by creating tradeable titles?
@jwcph @maxleibman
Display Name
in reply to Cory Doctorow • • •Absolutely. More accumulated wealth turns to rent assets eventually. Feudalism is the inevitable result of over concentration of wealth no matter who/where it starts from.
Cory Doctorow reshared this.
Jargoggles
in reply to Cory Doctorow • • •It's a compelling idea considering entrepreneurs these days seem to be like, "We're disrupting X by charging subscription fees for stuff you used to be able to own and turning employees who have labor rights into contractors who don't."
Richard W. Woodley ELBOWS UP 🇨🇦🌹🚴♂️📷 🗺️
in reply to Cory Doctorow • • •and socialism is the system in which workers triumph
Max Leibman
in reply to Max Leibman • • •I recognize that my post about capitalism isn't for everybody. And honestly? That's fine.
Look, some people just really get off on having a boot on their neck, as long as that boot belongs to a rich person. I'm not here to kink-shame anyone.
Justin Crozer
in reply to Max Leibman • • •Tenzo
in reply to Max Leibman • • •κρ🦥μγ
in reply to Max Leibman • • •Alex
in reply to Max Leibman • • •κρ🦥μγ
in reply to Max Leibman • • •Tuckers Nuts Resist! 🇺🇦
in reply to Max Leibman • • •Peter Brown
in reply to Max Leibman • • •we must look to countries which combine controlled and regulated capitalism with a strong social conscience and comprehensive welfare. These are the Scandinavian countries. Uncontrolled capitalism and uncontrolled communism are equally bad. The solution lies in democratic control by the community for the community.
In other words an educated population, transparent government and reliable democracy.
Neither capitalism nor communism must be allowed to take total control.
TheStrangelet
in reply to Max Leibman • • •Aaron Caskey-Demaret
in reply to Max Leibman • • •quixote
in reply to Max Leibman • • •Well, if we're doing definitions... capitalism is having private pots of money (=capital) to finance projects.
Nasty downstream consequences come from insufficient regulation by government, not the pot of money by itself. It's the slavish devotion to pots of money and willingness to do anything to get (more of) it that's the problem.
So, tangentially, one of the most important regulations would be to prevent the accumulation of giant pots that seem to drive people insane. Have a cap on wealth as well as a floor on poverty. No billionaires.
Justin Derrick
in reply to Max Leibman • • •Less of an accident and more a serious, violent, and bloody fight to level the table -- tilted away from capitalists and more in the direction of workers and citizens.
The decline in union membership over the last 50 years is a big part of why the current situation has been relatively easy for the billionaire class. People have accepted getting screwed, year after year, decade after decade, by corporations -- and corporations used the accumulated wealth to buy politicians, who passed laws that were pro-corporations, and anti-worker.
The 'golden age' of a single person being able to work a job (literally ANY job) and being able to pay their bills was because unions and non-corrupt politicians fought for worker rights and minimum wage and social programs.
Galbinus Caeli
in reply to Max Leibman • • •tom jennings
in reply to Max Leibman • • •Osteopenia Powers ,
in reply to Max Leibman • • •pinguino
in reply to Max Leibman • • •