Late stage capitalism?

[Whatevermancer]

Libertarians are actually correct when they say we don't have true free market capitalism because of government intervention, the problem is even if we had true free market capitalism it would be a disaster. What you actually want is a government that intervenes but not in retarded ways.

Technically, commies are also correct when they say that true communism has never been built anywhere, but who gives a shit?

 

[Male Idiot]

Free market capitalism in theory is a lot of companies competing, but what would stop one company from becoming a monopoly? Perhaps this magical anti-monopolistic capitalism could work, but it would need something preventing Google/Amazon/megacorp madness. These giant corps can buy out or kill smaller competitors.

US is moving into an ever bigger corporate-monopoly capitalism controlled by investor oligarchs. It is capitalism, but in its most cancerous form. It isn't capitalism's fault in principle, but its very worst incarnation. Like Pol pot's brand of communism, to spite redditors. You can love steak, but you may not like the vegan bug flavour one...
In theory customers could vet corporations, but most consoomers are stupid and will buy the cheapest stuff.
Starbucks can easily afford to out-quality Tweek's Pop and Mom coffee, than when it gets bought up, they can lower the quality and what the fuck are you going to do? CONSOOM THE GOYSLOP!!! It has wholesome chungus rainbow flag WE DID IT REDDIT!

 

[Dire Dire Cocks]

Capitalism is fundamentally Jewish and based entirely on greed and disgusting degeneracy. Nearly every one of its major promoters throughout history has been a kike. (Communism is worse though because it was founded and is operated and led by kikes)

 

[Sweetpeaa]

Capitalism is fundamentally Jewish and based entirely on greed and disgusting degeneracy. Nearly every one of its major promoters throughout history has been a kike. (Communism is worse though because it was founded and is operated and led by kikes)

The United States retired a certain type of capitalism until Milton Friedman (Jew) pushed them to reimplement it.

What a fucking disaster. Look at pictures of U.S cities during the early 60's outside the nigger areas and you'll see what a well run society it was. Women only worked by choice, not by necessity either.

Now it takes two working parents for a family to even survive . Or maybe even that isn't enough.

The "new deal" was not communism and people need to get that through their fucking hess. It was just the basics. Supply side has favored who? No one other than the already rich.

 

[VargReallyDidNothingWrong]

Labor is a competitive market and rising output requires more of it (rising demand) and you get higher wages. And what happens in the real world when we have an economic boom? Rising wages.

So why has our "output" steadily grown year over year for decades and yet wages, accounting for inflation, have stagnated?

 

[wtfNeedSignUp]

Basically the issue here is that the modern economy does not reflect any capitalist value but is undoubtedly caused by unchecked capitalism growth. ie, you have no free market due to the free market allowing corporations to either buy competition, sell at a loss until the competition died or outright financially block competition through government regulation.

Not helping matters is that the term has a history around it that turned out to not be correct.

In the end though, it's not some god mandated issue. It boils down to people being shitty consumers and voters who vote for short range comfort.

 

[Atomic Ant]

"Late stage capitalism" sort of implies the marxist theory that there is an inevitable end to the status quo (named Capitalism) in the form of Communism. But we're not in late stage capitalism, we're in late stage feudalism served with a side of copeslaw, careening toward technocracy. The whole enlightenment dialectic is fake, gay, and post hoc.

 

[Absolutego]

What a fucking disaster. Look at pictures of U.S cities during the early 60's outside the nigger areas and you'll see what a well run society it was. Women only worked by choice, not by necessity either.

The black areas were actually better themselves in the early 60's, in part because those still in the Jim Crow system enjoyed a whole separate economy for them so there were a shitton of black entrepreneurs catering to local fellows of color. And the ones who fled the Jim Crow south for Rust Belt states were on their best behavior and wanted to be seen as just another family in their mostly white neighborhoods.
I can't express how much putting LBJ in charge of the post-Civil Rights society fucked over the population of black people who wanted to integrate instead of being dependent on handouts.

 

[teriyakiburns]

The problem is you’re not describing capitalism, but corporatism (which is an accurate description of the US’s current economic system).

I realise this is probably a losing battle, but that isn't what corporatism means. Corporatism is a political system in which corporate groups - that is, groups that share common interests, like guilds, unions and the like - negotiate policy on the basis of those common interests. The idea that it is "rule by corporations", in the meaning of incorporated trading entities with "legal personhood", is a very recent one.

While we're at it, the entire contemporary conceptual framework of "capitalism" was invented by Marx as an antithesis of his "scientific socialism".

 

[Male Idiot]

Basically the issue here is that the modern economy does not reflect any capitalist value but is undoubtedly caused by unchecked capitalism growth. ie, you have no free market due to the free market allowing corporations to either buy competition, sell at a loss until the competition died or outright financially block competition through government regulation.

Not helping matters is that the term has a history around it that turned out to not be correct.

In the end though, it's not some god mandated issue. It boils down to people being shitty consumers and voters who vote for short range comfort.

This, and to corruption embedding itself to the state. Lobbyism is even legal corruption.

"Late stage capitalism" sort of implies the marxist theory that there is an inevitable end to the status quo (named Capitalism) in the form of Communism. But we're not in late stage capitalism, we're in late stage feudalism served with a side of copeslaw, careening toward technocracy. The whole enlightenment dialectic is fake, gay, and post hoc.

It does, to a full blown oligarchy instead of communism. It isn't free enterprise anymore, but enterprise as a birthright of the elite and the corpos enmeshed with them.

 

[Mukhrani]

The whole 'you vill live in ze pod and eat ze bugs' happened before. It was called clearances/enclosure. Under feudalism peasants passed their land on from father to son, making improvements, and land wasn't really a commodity - a peasant couldn't 'sell' his tract. As things like textiles became mechanized there was an intense hunger for raw materials - in northern Europe, this meant wool. Before industrialization happened, the 'means of production' like tools were expensive, and they were controlled by guilds where artisans would pool resources and then collectively control access to those tools and to general trade expertise. The rise of the manufactory saw those tools turn into very expensive machines, which were controlled by a rich few people who then hired people to work for them - the word 'capitalism' was originally coined to describe this novel arrangement. The idea that it just means 'markets' or 'private ownership' is obviously retarded because both of those things predate the term by literal millennia.. This also created a hunger for people who needed to work.

So how was this problem resolved? Clearances/enclosure - basically, the rural population of England and other parts of Europe were mass-evicted in an unprecedented waves of expulsions, their ancestral land was expropriated and turned over to grazing vast herds of sheep owned by the wealthy. The destitute hordes came flooding into the city, where they enjoyed a Dickensian life of retiring to their hovels in the slums after a day of slaving away in the factory. This of course catapulted the wealth of the people who owned the factories and the sheep herds into the stratosphere. If you read about this in a lot of modern history books for school it will often be described as 'people leaving the countryside to work in the city for better wages' - a rather bleak sanitization of the reality.

The new global elite want to basically re-enact this. Family farms are being consolidated into huge corporate ones, their control over the 'means of production' are already consolidated, single family homes are being bought up till most people can't afford them. But now the 'marketplace' itself is privately owned - as mom and pop retail dies many goods are more and more being traded on digital marketplaces that are owned by a corporation. Then there's the whole Orwellian surveillance state angle as well. Feudalism? Feudalism will look like paradise compared to what the rich degenerates who run the world have planned for us.

 

[GumballFapper]

I don't like the term "late stage" since it is based on Marxist theory about how socialism will replace capitalism and redditors use it to cope about how the current situation is the "late stage" that Marx talked about in his book and how the great socialist revolution will liberate all redditor part-time dog walkers, just wait for it™

That being said, I still do agree that the neo-liberal and "trickle down economy" the elites have been forcing on us has been nothing but a failure for the middle class. The poster child of neo-liberal bullshit is UK, Thatcher castrated the entire British industry in favor of a "service based" economy and how has that turned out? The British economy basically relies on the banking sector of London and the dirty money of russian and arab oligarchs. Meanwhile the average non-Londoner Brit has become the victim of the "cost of living crisis" and the citizens of a first world country are literally going hungry

Unfortunately the average joe in society is too busy focusing on the culture war and whether trannies should twerk in front of children to care about the economy. If anything culture war ties into the neoliberal system as well. The source of "woke agenda" is not some sort of secret satanic jewish cabal agreements like unhinged rightoids say, but in the ESG system and places like BlackRock. The elite have gained so much power that they literally have the nerve of telling society how they should live

 

[RybenZ999]

How do you define late stage capitalism? I assume its when a capitalist society is transitioning into socialism (or getting near to). So yeah, thats basically most of the west rn

From what I've seen, it's the opposite. Capitalist society moving towards consumerism and corporatism. And no, trannies =/= socialism.

 

[libRT]

From what I've seen, it's the opposite. Capitalist society moving towards consumerism and corporatism. And no, trannies =/= socialism.

Thats all thats left when you tax and regulate the shit out of everything. Good luck starting your own business when government has crippled you economically.

 

[SpergioLeonne]

From what I've seen, it's the opposite. Capitalist society moving towards consumerism and corporatism. And no, trannies =/= socialism.

What is the difference between corporations being greedy and government being greedy?

When the government gets greedy, there ends up not even being anything to buy

 

[Sargon's wife's son]

The term lead stage capitalism was actually coined by a economics professor who supported the Nazis and was a member of the Nazi party
we don't live under capitalism we live under the worst aspects of flea market capitalism with the worst aspects of command economy
Communism try opening a business without paying a fee try hiring people based on marriage try installing electrical wire without a permit or a license

 

[FedPostalService]

Marxists have been saying we’re in late stage capitalism since the 19th century. Anyone who uses that phrase is a retard that deserves a one way helicopter ride over the ocean.

 

[SilentDuck]

The "Fictitious Capital" element is probably the most important thing to grasp as we go into 15+ years of printing money and shuffling paper so boomers never take a loss.

 

[wtfNeedSignUp]

So how was this problem resolved? Clearances/enclosure - basically, the rural population of England and other parts of Europe were mass-evicted in an unprecedented waves of expulsions, their ancestral land was expropriated and turned over to grazing vast herds of sheep owned by the wealthy. The destitute hordes came flooding into the city, where they enjoyed a Dickensian life of retiring to their hovels in the slums after a day of slaving away in the factory. This of course catapulted the wealth of the people who owned the factories and the sheep herds into the stratosphere. If you read about this in a lot of modern history books for school it will often be described as 'people leaving the countryside to work in the city for better wages' - a rather bleak sanitization of the reality.

I'm not too sold about it. There is a weird idea of peasant work being some ideal line of work rather than back breaking labour where your entire family dies from starvation because the weather and bad luck fucked up your harvest. At least in the city you have a stable day to day income that is slightly less up to chance, with better living conditions. The improvements in technology probably reduce the need of more farm hands to work, so you had a lot of population not having a lot of choice. There is a reason why only people who actually grown in the environment continue to work it, and in countries like Japan the entire countryside is on the verge of being completely eroded.

 

[Night Crawler]

Capitalism is simply the private ownership of capital. There is no greater or driving force behind it, and no definition beyond it. To sacrifice that concept because our economy has been twisted away from that definition is retarded, because the reduction in the individual's ability to gain capital is exactly what put things in this mess to begin with. The fact that you anti-captialists, regardless of whether or not you're a commie, always respond with "No, that is capitalism" when it's explained that you are describing everything but belies your intellectual dishonesty. Simply, you want a boogieman to blame and have chosen the very example given by those who wish to strip you of your ability to improve your economic solution.

I don't know what else to say. This is capitalism. If you don't like it, then you don't like capitalism. It isn't some other made up nonsense coping mechanism. It's capitalism. This is what modern day capitalism is. It's working. Well, it's working for a few people but not for everyone else.

What they told you capitalism free trade and free markets are wasn't really the truth. They lied to you. They told you one thing and did another. This is the reality. This is real capitalism. Not what they told you in the propaganda.

But that's a communist maxim and pillar of communist policy and is only possible in a communist society...and impossible in a capitalist one

Communism failed. Capitalism is failing now. It's not hard to understand.

Marxists have been saying we’re in late stage capitalism since the 19th century. Anyone who uses that phrase is a retard that deserves a one way helicopter ride over the ocean.

Stop simping for capitalism rich people and corporations. They hate you. All they want is your money. The money you don't have because they won't pay you enough.