this post was submitted on 21 Sep 2023
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News break: capitalism is on its way out. Now we have tech feudalism (enshittification as a business model). Rejoice!
That's not a separate thing, it's just capitalism in crisis because of the tendency of the rate of profit to fall
I can see why you would think that. I think this video explains it well https://www.youtube.com/watch?v=xDPPig9JR5Y.
TL;DW: Capitalism in it's true form was "I give you this, you give me that". Exchange of goods. And from that perspective, it has worked. But now that nobody sells stuff anymore but holds you or the goods you want hostage, it has devolved back to the old system of feudalism where you live somewhere and the king asks for your work and money so you can live there.
I'm not saying thats the only way to look at it but I find the explanation pretty good. It would explain why so many people who are actually very good at trading things struggle in this climate now while others now thrive who have no clue how to produce viable products.
So you believe capitalism existed all the way back during the neolithic and beyond, were cavemen "true capitalists"? Capital isn't a set of goods simply traded between people, it's circulating money tied to productive property or alienated assets
Primitive exchange of goods requires the goods becoming the means and the ends even if money is an intermediary, under capitalism it's capital (i.e. money) that becomes the end, while goods may or may not be the means of generation, and since money is the sole metric of success there must a set of people who work for capitalists to create that money and reproduce themselves, since goods are hidden behind said money