184
We live in a post information scarcity society and we still haven't moved on from capitalism. (lemmy.dbzer0.com)
submitted 9 months ago* (last edited 9 months ago) by Danterious@lemmy.dbzer0.com to c/showerthoughts@lemmy.world
185 comments fedilink hide all child comments

Edit: Changed title to be more accurate.

Also here is the summary from Wikipedia on what Post-scarcity means:

Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely. Post-scarcity does not mean that scarcity has been eliminated for all goods and services but that all people can easily have their basic survival needs met along with some significant proportion of their desires for goods and services. Writers on the topic often emphasize that some commodities will remain scarce in a post-scarcity society.

you are viewing a single comment's thread
view the rest of the comments
[-] betheydocrime@lemmy.world 3 points 9 months ago

Does the exchange of land between kingdoms via wedding dowries/treaties/violence fulfill the definition of a "market for capital"?

[-] Cowbee@lemmy.ml 4 points 9 months ago

Not really. Capitalism allows anyone to buy and sell Capital, whereas these more primitive exchanges aren't the same. The Bourgeoisie are fundamentally different from the Aristocracy.

[-] betheydocrime@lemmy.world 4 points 9 months ago

That's pretty fair. It may feel impossible for me today to afford any capital, but if I were somehow able to accumulate enough money I would be legally allowed to own capital. Under monarchy, even if I got that much money, it would be illegal for me to purchase capital as an individual. That's enough of a distinction to make them different for me, thanks for bringing it up.

[-] Cowbee@lemmy.ml 2 points 9 months ago

Yep, that's the idea! Functionally, Capitalism is more revolutionary and progressive than Feudalism, which is why it's a good thing that Feudalism is fading and Capitalism is the status quo, just like it will also be a good thing when Capitalism is fading and Socialism becomes the status quo.

[-] intensely_human@lemm.ee 1 points 9 months ago

Kinda. It’s not a very efficient market, but a market doesn’t have to be efficient to be a market.

I guess technically any system of trade could be thought of as a capital market, as long as capital is for sale.

this post was submitted on 05 Feb 2024
184 points (80.3% liked)

Showerthoughts

29525 readers
943 users here now

A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

Rules

  1. All posts must be showerthoughts
  2. The entire showerthought must be in the title
  3. Avoid politics
    • 3.1) NEW RULE as of 5 Nov 2024, trying it out
    • 3.2) Political posts often end up being circle jerks (not offering unique perspective) or enflaming (too much work for mods).
    • 3.3) Try c/politicaldiscussion, volunteer as a mod here, or start your own community.
  4. Posts must be original/unique
  5. Adhere to Lemmy's Code of Conduct

founded 1 year ago
MODERATORS
vatlark@lemmy.world
forkball@lemmy.world
quinten@lemmy.world
Thekingoflorda@lemmy.world