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Tay Zonday
@tayzonday
This is a valid sentiment. What Harvard Business School and CNBC call “Capitalism” IS in crisis. That being said— My take has always been that calling our present economy “Capitalism” is like calling Fig Newtons “cookies.” I know what a cookie is. That’s not a cookie. Today’s economy is theocratic witchcraft retconned onto John Stuart Mill, Adam Smith, John Locke and Hegel as a placating cosplay. None of those philosophers imagined corporate personhood. None of them imagined private bankers printing public money. None of them imagined fractional reserve banking. None of them imagined fiat trading and manipulation. We cannot surrender to Ivy League goofballs and the CATO institute lying about their own mythos. THEY are the actual anti-capitalists. We have endless receipts. Many functionally humanistic economic policies align with a non-hypocritical read of “capitalist” philosophy. I REJECT the master’s semantics in dismantling the master’s house. Semantic lies melt to truth.
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Jawa
@jawa
I feel this way increasingly about the labels we are slinging around. What’s the solution? How do we refer to the bastardized form of capitalism we live under?
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↑langchain 🎩
@langchain
There’s too much nuance here - these opinions need a punchy short form to get the people going.
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basebro.eth
@basebro.eth
Love this take. We live under Keynesianism, and calling Keynesianism Capitalism is a huge stretch.
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Weh
@mintpossum
I will never get over how my Econ professor yelled at me for actually reading all of Adam Smith’s Wealth of Nations and not just the excerpts he had us read to support his browbeating on capitalist virtues. The reason it’s “the dismal science” is because they are dismal at science. Some “knight” he was.
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Stuart
@olystuart
Interesting take. I certainly think capitalism has gotten worse and worse as it becomes fascism, but to me that seems like an inevitability. As Marx predicted, capitalism means accumulation of resources and power which then leads to fascism so they can maintain that power. I don't see any possible way for capitalism to exist without this happening. So I am very curious what your definition of capitalism is, and what your ideal form of it would take. Appreciate the discussion :) ✌️
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Poison Ivy
@ivy
yep, and a solid amount of the 'you're critiquing capitalism from an iphone therefore you are invalid' ppl know this
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Ben 🟪
@benersing
Agree with this. Present system is the farthest its been from the ideal state of capitalism and democracy as its been.
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Leeward Bound
@leewardbound
@mintit collecting these bangers
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