Anticapitalism
Critique of capitalism’s dependence on scarcity, rising fascist threats, and classic predictions about concentrated private capital power
TRANSCRIPT
So this technology piece does pose an existential threat because of what we said earlier about how capitalism relies on artificial scarcity, because we actually do have an abundance of everything we need. And if that abundance were actually allowed to reach the masses, how's that, Derek Thompson, for your theory, that the system wouldn't work. Yo
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Capitalism’s contradictions: monopoly from competition, geographic inequality, state intervention, and profit-driven worker alienation and “bullshit jobs.”
TRANSCRIPT
The fifth contradiction of capitalism. You see this similar dynamic play out geographically as monopoly power and competition create uneven development.
So we've already discussed how this happened internationally, how these peripheral societies get stuck in this cycle of dependency where they can't get out from under the basically
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Critique of capitalism’s core contradictions: profit vs. human need, exchange vs. use value, and capital–labor conflict requiring law.
TRANSCRIPT
Because I think this is what's going to really help drive home why we have so many issues in this system that supposedly works like really well. Because if you look at it a little more critically, you're going to notice at least seven unavoidable contradictions.
So number one, in capitalism, the objective of any action is to maximize profit. So
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• Economic inclusion: Can you afford to participate in society?
• Security: Are you one broken tooth away from bankruptcy?
• Fairness: Are you being scammed?
Everyone is Gambling and No One is Happy
• Charity is temporary. Crumbs from winners are a band-aid, not a permanent solution.
• Charity is conditional. In order to receive charitable support, you must meet requirements and criteria determined by benefactors. Sometimes, these limitations can be specific to geographies or areas of focus. Other times, they can exclude people based on
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