WHAT IS 21st CENTURY CAPITALISM ?

[Rolluplostinspace]

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.

[Fletch]

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.

[MungoBrush]

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?

[Rolluplostinspace]

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?

[MungoBrush]

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.

[Rolluplostinspace]

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.

[art0hur0moh]

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.