WHAT IS 21st CENTURY CAPITALISM ?

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Expand view Topic review: WHAT IS 21st CENTURY CAPITALISM ?

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by art0hur0moh » Sat Jan 12, 2019 10:53 pm

the same as it was when the first city was built. centralized government for the securing of resources in times of social need.

crony capitalism is anyone in the top global 1% earning in excess $40,000 per year complaining about others who have more than they do.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by Rolluplostinspace » Sat Jan 12, 2019 9:37 pm

MungoBrush wrote:
Rolluplostinspace wrote:What has Marxism got to do with it beyond something he said?


Well if you had read anything about 21st Century Socialism, the link to Marxism would become abundantly clear.

You were clearly referring to my post but never mind I don't do the trickery stuff.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by MungoBrush » Sat Jan 12, 2019 9:32 pm

Rolluplostinspace wrote:What has Marxism got to do with it beyond something he said?


Well if you had read anything about 21st Century Socialism, the link to Marxism would become abundantly clear.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by Rolluplostinspace » Sat Jan 12, 2019 8:32 pm

MungoBrush wrote:
Rolluplostinspace wrote:I think it was Marx who said the end of capitalism would be marked by corporations and government being indistinguishable. The capitalists would devour local government and services in an ever more desperate attempt to find sources of profit.

I think we're there.
In old fashioned capitalist conditions you could leave school with the aim of opening a hardware store a butchers a shoe shop etc or carrying on the families small business. This is a rapidly diminishing reality.
We are now in the age of monopolies for almost everything.
The biggest companies now produce nothing.
Imagine the collapse of Facebook or Google ... these companies would just evaporate leaving little physical trace. Not like the steel industry mines chemical etc that leave a huge footprint behind.
It's all changed.
21st century capitalism is about casual labour no employment contracts less and less workers rights rapid moves to other countries.
It's not about value but more about greed.
Imagine a Carnegie owning a steel business.
That's changing too.
Now it's investment houses pension funds banks who are the main shareholders with less and less small investors.
Companies can take the workers money for fantasy pensions and get away with it.
The high street is dying.
Face to face buying and selling is dying.
Massive corporations can almost be anonymous.
The public are screwed and capitalism is soon to be over as we have always known it in the past.
It'll get meaner and less accountable by the day.
Power to the people has passed.



Oh yes.
Marxism
That was a big success wasn't it?

What has Marxism got to do with it beyond something he said?

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by MungoBrush » Sat Jan 12, 2019 7:55 pm

Rolluplostinspace wrote:I think it was Marx who said the end of capitalism would be marked by corporations and government being indistinguishable. The capitalists would devour local government and services in an ever more desperate attempt to find sources of profit.

I think we're there.
In old fashioned capitalist conditions you could leave school with the aim of opening a hardware store a butchers a shoe shop etc or carrying on the families small business. This is a rapidly diminishing reality.
We are now in the age of monopolies for almost everything.
The biggest companies now produce nothing.
Imagine the collapse of Facebook or Google ... these companies would just evaporate leaving little physical trace. Not like the steel industry mines chemical etc that leave a huge footprint behind.
It's all changed.
21st century capitalism is about casual labour no employment contracts less and less workers rights rapid moves to other countries.
It's not about value but more about greed.
Imagine a Carnegie owning a steel business.
That's changing too.
Now it's investment houses pension funds banks who are the main shareholders with less and less small investors.
Companies can take the workers money for fantasy pensions and get away with it.
The high street is dying.
Face to face buying and selling is dying.
Massive corporations can almost be anonymous.
The public are screwed and capitalism is soon to be over as we have always known it in the past.
It'll get meaner and less accountable by the day.
Power to the people has passed.



Oh yes.
Marxism
That was a big success wasn't it?

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by Fletch » Sat Jan 12, 2019 6:01 pm

The policy logic for the left is clear. For much of the 20th century, redistribution was handled through taxes on income. In the 21st century, any party that wants to redistribute would have to confiscate wealth, not just income.

You would expect the Wall Street Journal to dissent, but the power of Piketty's work is that it also challenges the narrative of the centre-left under globalisation, which believed upskilling the workforce, combined with mild redistribution, would promote social justice. This, Piketty demonstrates, is mistaken. All that social democracy and liberalism can produce, with their current policies, is the oligarch's yacht co-existing with the food bank for ever.

Piketty's Capital, unlike Marx's Capital, contains solutions possible on the terrain of capitalism itself: the 15% tax on capital, the 80% tax on high incomes, enforced transparency for all bank transactions, overt use of inflation to redistribute wealth downwards. He calls some of them "utopian" and he is right. It is easier to imagine capitalism collapsing than the elite consenting to them.

https://www.theguardian.com/books/2014/ ... bestseller

From the article I posted earlier.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by Rolluplostinspace » Sat Jan 12, 2019 5:22 pm

I think it was Marx who said the end of capitalism would be marked by corporations and government being indistinguishable. The capitalists would devour local government and services in an ever more desperate attempt to find sources of profit.

I think we're there.
In old fashioned capitalist conditions you could leave school with the aim of opening a hardware store a butchers a shoe shop etc or carrying on the families small business. This is a rapidly diminishing reality.
We are now in the age of monopolies for almost everything.
The biggest companies now produce nothing.
Imagine the collapse of Facebook or Google ... these companies would just evaporate leaving little physical trace. Not like the steel industry mines chemical etc that leave a huge footprint behind.
It's all changed.
21st century capitalism is about casual labour no employment contracts less and less workers rights rapid moves to other countries.
It's not about value but more about greed.
Imagine a Carnegie owning a steel business.
That's changing too.
Now it's investment houses pension funds banks who are the main shareholders with less and less small investors.
Companies can take the workers money for fantasy pensions and get away with it.
The high street is dying.
Face to face buying and selling is dying.
Massive corporations can almost be anonymous.
The public are screwed and capitalism is soon to be over as we have always known it in the past.
It'll get meaner and less accountable by the day.
Power to the people has passed.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by Fletch » Sat Jan 12, 2019 5:01 pm

MungoBrush wrote:
Fletch wrote:
MungoBrush wrote:
Fletch wrote:You, or anyone else, can also have a go at explaining what '21st century capitalism' is.


I'm surprised that you asked that question
Don't you know how to use google?

If you type in "what is 21st century socialism" or "what is 21st century capitalism" you will find a whole host of reading material.

I should warn you that many of the references are scholarly articles written by academics and other experts and they contain long sentences and big words.


And all bullshit. See above, if you have the attention span for it.


So, you don't want to learn anything about it
But you're quite happy to slag it off.


Did I miss the link to your explanation of it?

Watch the video I posted above. :smilin:

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by MungoBrush » Sat Jan 12, 2019 4:56 pm

Fletch wrote:
MungoBrush wrote:
Fletch wrote:You, or anyone else, can also have a go at explaining what '21st century capitalism' is.


I'm surprised that you asked that question
Don't you know how to use google?

If you type in "what is 21st century socialism" or "what is 21st century capitalism" you will find a whole host of reading material.

I should warn you that many of the references are scholarly articles written by academics and other experts and they contain long sentences and big words.


And all bullshit. See above, if you have the attention span for it.


So, you don't want to learn anything about it
But you're quite happy to slag it off.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by Fletch » Sat Jan 12, 2019 4:35 pm

MungoBrush wrote:
Fletch wrote:You, or anyone else, can also have a go at explaining what '21st century capitalism' is.


I'm surprised that you asked that question
Don't you know how to use google?

If you type in "what is 21st century socialism" or "what is 21st century capitalism" you will find a whole host of reading material.

I should warn you that many of the references are scholarly articles written by academics and other experts and they contain long sentences and big words.


And all bullshit. See above, if you have the attention span for it.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by MungoBrush » Sat Jan 12, 2019 4:29 pm

Fletch wrote:You, or anyone else, can also have a go at explaining what '21st century capitalism' is.


I'm surprised that you asked that question
Don't you know how to use google?

If you type in "what is 21st century socialism" or "what is 21st century capitalism" you will find a whole host of reading material.

I should warn you that many of the references are scholarly articles written by academics and other experts and they contain long sentences and big words.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by Fletch » Sat Jan 12, 2019 4:16 pm

Thomas Piketty's Capital: everything you need to know about the surprise bestseller

The radical economist's book Capital in the Twenty-First Century has angered the right with its powerful argument about wealth, democracy and why capitalism will always create inequality. Not read it yet? Here's what it means

Piketty's argument is that, in an economy where the rate of return on capital outstrips the rate of growth, inherited wealth will always grow faster than earned wealth. So the fact that rich kids can swan aimlessly from gap year to internship to a job at father's bank/ministry/TV network – while the poor kids sweat into their barista uniforms – is not an accident: it is the system working normally.

If you get slow growth alongside better financial returns, then inherited wealth will, on average, "dominate wealth amassed from a lifetime's labour by a wide margin", says Piketty. Wealth will concentrate to levels incompatible with democracy, let alone social justice. Capitalism, in short, automatically creates levels of inequality that are unsustainable. The rising wealth of the 1% is neither a blip, nor rhetoric.

To understand why the mainstream finds this proposition so annoying, you have to understand that "distribution" – the polite name for inequality – was thought to be a closed subject.

Many of the book's 700 pages are spent marshalling the evidence that 21st-century capitalism is on a one-way journey towards inequality – unless we do something.

https://www.theguardian.com/books/2014/ ... bestseller

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by Fletch » Sat Jan 12, 2019 4:05 pm

phpBB [video]


Jump to 16 minutes 15 seconds for when Dr. Richard Wolff starts speaking.

He's American speaking in US but it's very interesting what he has to say about capitalism and capitalism in the US in particular.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by wutang » Fri Oct 05, 2018 3:13 pm

Fletch wrote:
Why the reluctance to outline what "21st century socialism" is mungo? :dunno:



Because he is politcally illiterate and can only engage you via regurgitated soundbites.

Either that or he knows full well that "21st century socialism" is nothing more than run of the mill reformist social-democracy which he cannot admit to as it would destroy the whole 'Corbyn is a dangerous radical' narrative.

As for '21st CENTURY CAPITALISM' it too is merely a continuation of the same shit - i.e neo-liberalism - given a nice new shiny package to try and deflect attention away from the fact that it is a failed project long past its sell by date.

Re: WHAT IS 21st CENTURY CAPITALISM ?

Post by Maddog » Fri Oct 05, 2018 2:46 pm

Fletch wrote:Does everything have to be explained to you in detail maddog? :roll:

The thread about socialism had some answers as to what people thought it was, not many were correct but there was discussion about socialism. Then mungo introduced this 'new thinking' "21st century socialism". he was asked what it was and refused point blank to answer. He claimed Labour believe in it and Venezuela has it (even though it's a capitalist country) but still refused to say what it is.

You claimed there was an answer, several in fact so were asked to outline what it is and or link to the answers given. You too refused point blank.

Either of you can now outline what it is to clear up any confusion and you can link to at least one of the 'several answers given'.

You, or anyone else, can also have a go at explaining what '21st century capitalism' is.


You don't like my answers.

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