I think it does. If anything, capitalism is in grave danger right now. It seems to be getting closer and closer to slipping back into feudalism. I’m talking about a world with zero economic mobility and a rentier class that owns all the land.
If you don’t realize that feudalism is the natural course of capitalism, I don’t know what to tell you. Really, capitalism is just collective feudalism, with the state enforcing rule for the large nobility. Capitalism trends towards monopoly, with power funneling info fewer and fewer hands.
It requires a conceited effort of the state and the public to prevent or stem this. The government can’t just take power from the wealthy for itself, but redistribute that power to the people for their independent use. That’s more democratic socialism than social democracy, and it certainly does not represent capitalist mechanisms. It can only work in spite of capitalism.
I think it does. If anything, capitalism is in grave danger right now. It seems to be getting closer and closer to slipping back into feudalism. I’m talking about a world with zero economic mobility and a rentier class that owns all the land.
If you don’t realize that feudalism is the natural course of capitalism, I don’t know what to tell you. Really, capitalism is just collective feudalism, with the state enforcing rule for the large nobility. Capitalism trends towards monopoly, with power funneling info fewer and fewer hands.
It requires a conceited effort of the state and the public to prevent or stem this. The government can’t just take power from the wealthy for itself, but redistribute that power to the people for their independent use. That’s more democratic socialism than social democracy, and it certainly does not represent capitalist mechanisms. It can only work in spite of capitalism.