General Discussion
Showing Original Post only (View all)Capitalism is not sustainable over the long term. [View all]
The definition of capitalism is an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
There is no mention of a middle class. No mention of socioeconomic mobility. No mention of protection of the environment. No mention of access to education/healthcare/housing/or even food. No mention of social justice. None of that. Simply put, it's those with capital get to make the rules, and everyone lives in service to them.
The more valuable you are to the capitalist class, the better your chances are at survival. But, here's the rub. The capitalists need fewer and fewer laborers each passing day. IT automation, which has actually been around for decades, continue to render entire professions obsolete. We're rapidly headed to a world without any work.
What then? What happens in a nation of obsolete workers? We've actually seen this already. Look at some of the inner cities right after de-industrialization in 1970s and 80s, NY, Chicago, Philadelphia, Baltimore. Back then, and even now, we looked at their plight as if it were a moral failing instead of seeing these populations rendered as obsolete workers. Fast forward to today and we see the same plight through the Opiod epidemic. Masses of people rendered obsolete turning to drugs.
Depending on the capitalist class for our very survival is simply not realistic.