this post was submitted on 30 Jul 2024
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Capitalism without meaningful regulation is just crapitalism and leads to enshittification. Regulatory capture is a real bitch.
Capitalism without meaningful regulation is just capitalist inevitability.
Ash without flame is just flame’s inevitability.
This does not mean that going straight to the ash is the way to get heat. When you see the ash, that material has released its heat.
A free market processes information to distribute resources, but it’s a finite-lifespan system. As that money moves around, directing resource flows through individual choice, it steadily accumulates at the center.
Capitalism degrades into oligarchy. During its finite lifespan, it’s useful.
You can extend the lifespan of capitalism by adding UBI which redistributes the money back out from the center.
If you don’t do that, then the capitalism eventually degrades into a centrally-controlled economy like the soviet union. If you don’t like “late stage capitalism”, then you’re a free market lover at heart because “late stage capitalism” is where the other, non-free-market economic systems start out.
FTFY.
Useful to whom? The enormous amounts of cheap, expendable and impoverished labor required to keep the parasites rich, perhaps?
Riiiight... if I don't like beheadings I must (somehow) also be a fan of traumatic amputations? You're a genius, Clyde.
It's not all bad, though... I do like your "ashes" metaphor - it's pretty apt to describe what capitalism has delivered onto the world.