The criticism is that late stage capitalism corrupts itself and becomes fascism/technocracy/feudalism/whatever as the powers of corporation and state merge.
Of course, the idea that it’s not capitalism when the state does it is a core capitalist conceit. A lot of socialists are trying to have their cake and eat it too on the definitions.
DragonTypeWyvern@midwest.social 1 month ago
Liberalism is a capitalist ideology.
The criticism is that late stage capitalism corrupts itself and becomes fascism/technocracy/feudalism/whatever as the powers of corporation and state merge.
Of course, the idea that it’s not capitalism when the state does it is a core capitalist conceit. A lot of socialists are trying to have their cake and eat it too on the definitions.
HappySkullsplitter@lemmy.world 1 month ago
Capitalism is an economic system where private individuals or businesses own the means of production.
That isn’t what’s dying.
DragonTypeWyvern@midwest.social 1 month ago
And when that individual styles themselves as the state itself?
Like Doge Musk.
HappySkullsplitter@lemmy.world 1 month ago
Authoritarian capitalism