Yes but that model ignores that there are a given amount of tangible value (food, shelter, products) items created and pretty much the same amount of such items are consumed. So the pool of workers (almost the entire population) is effectively working to support itself. On paper, there’s money and ownership being siphoned off more and more to a small group. But that group doesn’t use up much more proportionally of the tangible products when looked at as a percentage of the system. So the rich get richer, but that’s just a number. The reason that people don’t have enough to eat and the sir quality of life is dropping as because the system is failing to be productive enough. And that’s because the goal of making money by the billionaires is being gamed as opposed to actually promoting tangible growth. And that’s why we need further regulation - to plug the holes in the system that encourage practices that are bad for workers. Capitalism can only work if the government is still generally for the people - and that’s where we’ve run off the rails.
No, this is entirely wrong. We produce well above what’s necessary for everyone to live decent lives, the distribution of what we produce is extremely uneven. Domestically, capitalists have incredible sums of wealth that they use for luxury goods, entire companies, etc. The money capitalists have comes from sale of commodities. Capital appreciation still comes from that original sale and circulation of commodities. There are some genuinely non-productive industries, such as landlording, but by and large we overproduce, which is what leads to economic crisis every decade or so.
Internationally, we have imperialism. Capitalists from the imperialist countries like the US export capital to the global south, and set up comprador regimes so as to keep wages low and prevent these countries from advancing industry. This lets the global north keep a monopoly on high tech production and allows the global north to consistently charge monopoly prices when trading with the global south, leading to unequal exchange and a continuous siphoning of wealth. It’s why the Congo keeps staying poor despite being rich in resources.
Capitalism cannot be fixed, period. It’s an unsustainable system, and cannot be regulated to fix its issues. The Tendency for the Rate of Profit to Fall is consistent, and the production of goods for the sake of profit rather than use leads to constant overproduction and even destruction of goods to keep prices higher. The state in capitalist systems is subservient to the capitalist class, not the people.
We overproduce, but because of how lopsided distribution is, a tiny handful gets the overwhelming share of what we produce to the point that the majority go without. This is even more extreme at a global level. Productivity has steadily gone up year over year, but as the tendency for the rate of profit to fall persists, so too has capitalism’s decline accelerated.
Yes but that model ignores that there are a given amount of tangible value (food, shelter, products) items created and pretty much the same amount of such items are consumed. So the pool of workers (almost the entire population) is effectively working to support itself. On paper, there’s money and ownership being siphoned off more and more to a small group. But that group doesn’t use up much more proportionally of the tangible products when looked at as a percentage of the system. So the rich get richer, but that’s just a number. The reason that people don’t have enough to eat and the sir quality of life is dropping as because the system is failing to be productive enough. And that’s because the goal of making money by the billionaires is being gamed as opposed to actually promoting tangible growth. And that’s why we need further regulation - to plug the holes in the system that encourage practices that are bad for workers. Capitalism can only work if the government is still generally for the people - and that’s where we’ve run off the rails.
No, this is entirely wrong. We produce well above what’s necessary for everyone to live decent lives, the distribution of what we produce is extremely uneven. Domestically, capitalists have incredible sums of wealth that they use for luxury goods, entire companies, etc. The money capitalists have comes from sale of commodities. Capital appreciation still comes from that original sale and circulation of commodities. There are some genuinely non-productive industries, such as landlording, but by and large we overproduce, which is what leads to economic crisis every decade or so.
Internationally, we have imperialism. Capitalists from the imperialist countries like the US export capital to the global south, and set up comprador regimes so as to keep wages low and prevent these countries from advancing industry. This lets the global north keep a monopoly on high tech production and allows the global north to consistently charge monopoly prices when trading with the global south, leading to unequal exchange and a continuous siphoning of wealth. It’s why the Congo keeps staying poor despite being rich in resources.
Capitalism cannot be fixed, period. It’s an unsustainable system, and cannot be regulated to fix its issues. The Tendency for the Rate of Profit to Fall is consistent, and the production of goods for the sake of profit rather than use leads to constant overproduction and even destruction of goods to keep prices higher. The state in capitalist systems is subservient to the capitalist class, not the people.
We overproduce, but because of how lopsided distribution is, a tiny handful gets the overwhelming share of what we produce to the point that the majority go without. This is even more extreme at a global level. Productivity has steadily gone up year over year, but as the tendency for the rate of profit to fall persists, so too has capitalism’s decline accelerated.