It’s still capitalism, continuing on its path of further consolidation/monopolization and financialization/rent seeking[^1], as predicted and explained by Marxists. Capitalism isn’t going to simply die on its own; it won’t go down without a fight.
[^1]: And imperialism and fascism.
If you watch the video, he discusses how Capitalism has moved away from the traditional definition as private ownership is stripped away from everyone participating in Capitalism.
Firstly, capital is still owned privately and the capitalists who have capital still dominate everything so that have not changed. Secondly, when have "everyone" been owning capital in America? The wealth of America have been concentrated in the hand of a small oligarch of capitalist since day one and that also have not changed. So the whole notion of capitalism ending is just delusional. That's also some highly misleading definition of capitalism that's entirely outside what Marx and other communist have defined. "Capitalism" is when the people have capital? What a joke 🤣
Yes, ownership is stripped away from us, and transferred to the ever-shrinking circle of rent-seeking monopoly capitalists.
Yep. Thanks so much for this share.
I surely hope so. Capitalism was never intended to be lasting.
Never intended by whom? There’s no immortal, unseen planner behind the 400+ years of capitalism’s historical unfolding.
people don't seem to understand that the profit motive has never been the driving force of capitalism.
capitalism is at it's most base level is just private property rights and it still works exceptionally well.
the lie that was sold to the public may be dying but capitalism isn't going anywhere.
people don’t seem to understand that the profit motive has never been the driving force of capitalism.
Is this a joke?
The M-C-M' profit motive is self-evidently the driving force. Just ask literally any member of the capitalist class.
capitalism is at it’s most base level is just private property rights and it still works exceptionally well.
Yes, and not just any kind of property, but specifically the means of production. And it does work well, but not for everyone, specifically for the bourgeoisie, who are the ones who own said private property. It doesn’t work well for the proletariat, and it works less and less well for them as private ownership continues to consolidate to a smaller and smaller circle of wealthier & more powerful billionaire oligarchs.
