Capitalism is just a way to organize work. Yeah, it’s a plenty unfair one. But we are just using money as a means to trade work for food/products/shelter/services. It ends up driving the society - getting people to make society work, and to enjoy the benefits of it.
Unless you’re one of the billions capitalism has decided it’s more profitable to slaughter, starve or plunge into a lifetime of poverty making t shirts and truck tires. Then you don’t get to enjoy shit.
Trade isn’t capitalism, though. Capitalism is a mode of production characterized by private ownership as the principle aspect of the economy. Capitalists essentially cast money out into the system, siphon the fruits of labor, and then repeat this process endlessly. Everyone does not enjoy the benefits of it, especially not those in the global south that are crushed by imperialism and unequal exchange.
Capitalism is a form of trading. It is providing a service / lending resources, for a fee. It’s part of the notion that we use money to buy and sell anything and the economy works because everyone tries to make a buck and implicitly drive efficiency for society. It certainly has got out of whack now and needs some serious regulatory fixes. But for most people, they work to get money to buy what they need and as a result, they provide services, products, etc for others to buy what they need. It goes in a circle, and we end up helping each other. Yes, the rich siphon money off the top, but they don’t really affect the use or need of resources significantly. Their billions are just a number on a computer in a bank somewhere.
No, you’re confusing trade itself for capitalism, and severely downplaying the immense siphoning of material wealth that goes on, especially at an international scale. Capitalists steal the value created by workers, workers are not on an even playing field with capitalists. They sell the only commodity they can, their labor power, while capitalists leverage their ownership of capital to fix labor prices around subsistence wages.
Regulation can’t fix capitalism or save it from the tendency for the rate of profit to fall. We need to move onto socialism, where public ownership is the principle aspect of the economy and production and distribution are oriented towards satisfying needs rather than profits.
Capitalism is an economic system based on the private ownership of the means of production and their use for the purpose of obtaining profit. This socioeconomic system has developed historically through several stages and is defined by a number of basic constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth.
Not true in capitalism, capitalists don’t contribute but instead serve as elaborate parasites plundering the wealth created by the working classes.
Capitalism is just a way to organize work. Yeah, it’s a plenty unfair one. But we are just using money as a means to trade work for food/products/shelter/services. It ends up driving the society - getting people to make society work, and to enjoy the benefits of it.
Unless you’re one of the billions capitalism has decided it’s more profitable to slaughter, starve or plunge into a lifetime of poverty making t shirts and truck tires. Then you don’t get to enjoy shit.
Trade isn’t capitalism, though. Capitalism is a mode of production characterized by private ownership as the principle aspect of the economy. Capitalists essentially cast money out into the system, siphon the fruits of labor, and then repeat this process endlessly. Everyone does not enjoy the benefits of it, especially not those in the global south that are crushed by imperialism and unequal exchange.
Capitalism is a form of trading. It is providing a service / lending resources, for a fee. It’s part of the notion that we use money to buy and sell anything and the economy works because everyone tries to make a buck and implicitly drive efficiency for society. It certainly has got out of whack now and needs some serious regulatory fixes. But for most people, they work to get money to buy what they need and as a result, they provide services, products, etc for others to buy what they need. It goes in a circle, and we end up helping each other. Yes, the rich siphon money off the top, but they don’t really affect the use or need of resources significantly. Their billions are just a number on a computer in a bank somewhere.
No, you’re confusing trade itself for capitalism, and severely downplaying the immense siphoning of material wealth that goes on, especially at an international scale. Capitalists steal the value created by workers, workers are not on an even playing field with capitalists. They sell the only commodity they can, their labor power, while capitalists leverage their ownership of capital to fix labor prices around subsistence wages.
Regulation can’t fix capitalism or save it from the tendency for the rate of profit to fall. We need to move onto socialism, where public ownership is the principle aspect of the economy and production and distribution are oriented towards satisfying needs rather than profits.
You‘re not even trying. https://en.wikipedia.org/wiki/Capitalism