this post was submitted on 22 Jul 2024
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So in the end, they is an internal contradiction in capitalism. It just append to be collapse due to lack of ressources and dumb management
What does an economic system have to do with bad IT decisions?
I think that an economy lead by financial interest, open market, and a hierarchy in the production is a good definition of capitalism.
And yes, definitely the way that people get food, housing, and not being exclude will define a lot of thing in society.
Capitalism is, in essence, the ability for people to exchange their goods freely. It isn't dependent on corporations or some weird hierarchy of managers and workers. Those are facts of living in this system, but it isn't a direct consequence of "capitalism." If everyone worked only for themselves and produced something to bring to the exchange, that would still be capitalism.