How capitalism works
How capitalism works
11 comments
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it's just the same system evolving over time
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Varoufakis is a commie so the book doesn’t make a case for “ethical capitalism”, no. Not sure if he is a Marxist, but I’m pretty sure he has called for a revolution many times.
Edit: I think his point is not so much that we’re at a completely different system, but that the current mutation of capitalism is so far removed from what people think of as capitalism that we need new language to talk about it.
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Feudalism is a rigid class structure determined by blood inheritance. That's not really what we have. A noble who looses their money would still have the privileges and rights granted by their title - they would still be part of the ruling class. If a member of our ruling class were to loose their money, loose their source of passive income, they'd very quickly no longer be part of the ruling class.
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then... it's not really a good name for it. I just don't really see how this isn't still capitalism.
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It's just the death throes of Imperialism, Capitalism taken to its furthest and most grotesque limits.
Happy cake day!
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11 comments