- 01 Feb 2022 13:29
#15209849
As industry, trade and finance developed in the late Middle Ages, they were constricted by the old feudal mode of production, which was experienced by the new embryonic capitalist mode of production as a problem. Capitalism heaved its shoulders, and the feudal fetters constraining it were burst asunder. Now we are approaching another such juncture in economic history. Capitalism itself is becoming, and has become, a set of fetters constraining the future economic development of human society. Capitalism is indeed the problem.
Beren wrote:Well, that's the problem, so to speak.
As industry, trade and finance developed in the late Middle Ages, they were constricted by the old feudal mode of production, which was experienced by the new embryonic capitalist mode of production as a problem. Capitalism heaved its shoulders, and the feudal fetters constraining it were burst asunder. Now we are approaching another such juncture in economic history. Capitalism itself is becoming, and has become, a set of fetters constraining the future economic development of human society. Capitalism is indeed the problem.
"Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies." - Marx (Groucho)