How capitalism works
How capitalism works
18 comments
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Needs more boot lickers kicking people down at the behest of the people in the pool.
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I know it's not a real photo because it shows a capitalist trickling down the economy.
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you gotta throw some scraps down now and then for the wage slaves not to starve completely
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mmmmmmmfdddgmd,,,ramen pool
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Man to own my own unicylce. That's the dream.
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Technofeudalism has taken over now. It's even worse than capitalism
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it's just the same system evolving over time
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I haven't read Varoufakis' book but I can only assume it completely misuses the term feudalism and tries to make a case for "ethical capitalism" (or overtly or by implication), as though you can point to a particular period of capitalism when everything was great and the US wasn't dropping incendiaries or napalm on kids in Asia
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Varoufakis is a commie so the book doesn’t make a case for “ethical capitalism”, no. Not sure if he is a Marxist, but I’m pretty sure he has called for a revolution many times.
Edit: I think his point is not so much that we’re at a completely different system, but that the current mutation of capitalism is so far removed from what people think of as capitalism that we need new language to talk about it.
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I'm happy to let you know that your assumption is incorrect :). I highly suggest that you read the book. It was a nice change from all the sociology I normally read. I actually liked the book. Of course it's not perfect, but many things in it make sense.
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Feudalism is a rigid class structure determined by blood inheritance. That's not really what we have. A noble who looses their money would still have the privileges and rights granted by their title - they would still be part of the ruling class. If a member of our ruling class were to loose their money, loose their source of passive income, they'd very quickly no longer be part of the ruling class.
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It's just the death throes of Imperialism, Capitalism taken to its furthest and most grotesque limits.
Happy cake day!
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I think I understand capitalism less now because of this image
18 comments