4 ms·
Oh there are lots of ways to show that things are declining, but capitalism has been successful in concentrating wealth in the hands of those who have it. That
by ixtli 9y ago
Oh there are lots of ways to show that things are declining, but capitalism has been successful in concentrating wealth in the hands of those who have it. That system is working for those in power and as such I think it's extremely presumptuous to say we're living in the "late stage" or that we're anywhere knowably near the "post-" part of capitalism.
- emodendroket 9y agoThe question is whether that state of affairs can exist forever, or if the system can find a way to adapt and head off any cataclysm.
- facingworlds 9y agoGenuinely curious, when was the last time humanity pro actively headed off a huge systemic problem instead of waiting for it to become a crisis?
- emodendroket 9y agoI think the Great Depression could plausibly have ended with the total collapse of the US government if not for the combination of the New Deal and the WWII-driven stimulus. I guess the problem with answering this question definitively is the counterfactual nature. Who's to really say what things would have been calamitous that ended up not turning out to be?