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One problem with all of those ideas about "the end of capitalism" is that they are missing the core point of capitalism itself, which is having money (i.e. fina
by BerislavLopac 7y ago
One problem with all of those ideas about "the end of capitalism" is that they are missing the core point of capitalism itself, which is having money (i.e. financial assets, i.e. the "capital") as a store of value.
The article uses the comparison with the end of feudalism, but feudalism only ended once one form of value store -- the land -- was replaced by another -- the capital. As long as some form of society exists, there will be a need for a way to store and transfer value.