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> , is "man, capitalism is a mistake" Man, we need a better term for this criticism. The US right now is more harsh to live in than the US pre-Reagan, which w
by Linosaurus 4mo ago
> , is "man, capitalism is a mistake"
Man, we need a better term for this criticism.
The US right now is more harsh to live in than the US pre-Reagan, which was more harsh than many countries with a strong welfare state, but all of them are capitalistic.
- account42 4mo agoPerhaps the term you are looking for is corporate feudalism.
- strangegecko 4mo agoMaybe, but you have very similar dynamics in China or other countries. At the root the problem is one of power dynamics, inequality, authoritarianism (whether legitimized by money or politics or both). Or said otherwise, an erosion of democratic and egalitarian ideals.
- everforward 4mo ago“Late-stage capitalism” is the normal term for expressing a belief that capitalism tends to eat itself over a long enough time horizon.