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The tendency to destroy itself is both the good and the bad part of capitalism. Karl Marx was pretty sober about this. He always argued capitalism is a necessar
by nopenopenopeno 5y ago
The tendency to destroy itself is both the good and the bad part of capitalism. Karl Marx was pretty sober about this. He always argued capitalism is a necessary stage but externalities would bottom out and the system would inevitably destroy itself.
- rbanffy 5y agoThe interesting part is that government subsidies like pretty much every responsible government does (China AND the US obviously included) help delay the predicted collapse of capitalism. What is food stamps for Walmart and Amazon workers if not an unaccounted for government subsidy?
- nopenopenopeno 5y agoBy that logic, if we truly hated capitalism we could just set off the nukes and never have to worry about stupid capitalism ever again.