They’ll get it back. Dips are only ever temporary and markets always go up, over time. This will be true forever, until the heat death of the universe.
Capitalism has been with us since basically the beginning of humans if you think about it. The odds of it dying is about the same as you winning the powerball lottery 6 times in a row.
If you consider capitalism to be exploiting labor for profit, sure. If you consider it the relatively precise description advanced in the 17th century onward, no.
Agreed, capitalism, in it’s textbook definition form only started existing around the industrial revolution when it succeded the mercantilist status quo.
Exploiting labour for profit can happen in any economic system, in practice.
I think capitalism’s resilience has surprised a lot of people. Although, maybe it shouldn’t have. As long as capitalism is able to make some people unfathomably wealthy, there’s no reason to believe it’s going anywhere.
I suppose it will have to stop growing eventually, but who knows when that will be. I don’t think anyone knows where the limits to growth are. By many estimates we are already exceeding some ecological boundaries, significantly, in some cases, yet growth continues more or less unabated. I don’t expect I’ll see an end to growth in my lifetime.
They’ll get it back. Dips are only ever temporary and markets always go up, over time. This will be true forever, until the heat death of the universe.
The implication that capitalism will be with us until the heat death of the universe is soooo depressing.
capitalist realism
Capitalism has been with us since basically the beginning of humans if you think about it. The odds of it dying is about the same as you winning the powerball lottery 6 times in a row.
?
Capitalism is a very recent concept in human history.
Only by conflating economics and capitalism could you come to the conclusion you just did.
If you consider capitalism to be exploiting labor for profit, sure. If you consider it the relatively precise description advanced in the 17th century onward, no.
Agreed, capitalism, in it’s textbook definition form only started existing around the industrial revolution when it succeded the mercantilist status quo.
Exploiting labour for profit can happen in any economic system, in practice.
how could a government system based around money have existed long before money existed? let’s think things thru before we post
Don’t need currency for capitalism. There is bartering. I could start a company and pay my people in eggs bacon and cheese
I think capitalism’s resilience has surprised a lot of people. Although, maybe it shouldn’t have. As long as capitalism is able to make some people unfathomably wealthy, there’s no reason to believe it’s going anywhere.
That’s only true for as long as growth under capitalism is possible, and until we have access to infinite resources, infinite growth is not possible.
I suppose it will have to stop growing eventually, but who knows when that will be. I don’t think anyone knows where the limits to growth are. By many estimates we are already exceeding some ecological boundaries, significantly, in some cases, yet growth continues more or less unabated. I don’t expect I’ll see an end to growth in my lifetime.