• humanspiral@lemmy.ca
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    1 month ago

    Capitalism is never a helpful word to use in any context. Like all “isms”, it can be reduced practically to the supremacy of capital, corporatism, oligarchism, and market corruption to maximize the supremacy.

    Unlike Adam Smith’s origin of free and fair markets, the problem with the practical modern definition is the protection of incumbent oligarchy.

    Global warming can be solved through markets. Carbon taxes are a market mechanism. Green energy is the cheapest energy and the best energy investment. When weapons and oil oligarchs own the government and media, they can make you prioritize war, energy dominance, transgender ickyness, and Israel’s “right to exist” as a higher priority than human sustainability.

    This “structural communism for the rich” gets called capitalism by all sides, even when it is far removed from free market competition.