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this post was submitted on 22 Sep 2024
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Neither is what's happening today (more like has continued to happen since), and now there are literally billions more people available to exploit.
Only they wouldn't continue to produce things there wasn't a market for, so capitalists either continue investing trillions in to advertising and other ways to create a market and propagandise people to overconsume, and or diversify what they produce/commodify, like they have over and over and over again.
This is where you're most mistaken:
A. they understand perfectly well, they just don't care. You really don't seem to have a great understanding of how the super rich become, and stay that way.
B. there is plenty to do, it just requires working outside of the rules those in power have set out for society. Humans existed for hundreds of thousands of years without capitalism (E: or even its predecessor, feudalism), the idea that we must accept it as some inevitable fact, submit to it and just let it deteriorate to fascism once or twice a century and then just slap it on the wrist and wait for the next time is defeatist and honestly a little pathetic.