Comment on Capitalism is an unrealistic death cult.

• hertg@infosec.pub ⁨2⁩ ⁨months⁩ ago

  Capitalism requires continuous and unlimited economic growth. Economic growth requires accelerated resource extraction. Capitalism is not ecologically sustainable by design.

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  • knitwitt@lemmy.world ⁨2⁩ ⁨months⁩ ago

    Capitalism, like socialism, means many things to many different people. At it’s core capitalism is simply a philosophy built around the idea of the free exchange of goods and services between individuals. I don’t think most people would that infinite growth is an essential part of that equation as there are real examples of capatalistic economys that shrink every year.

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    • hertg@infosec.pub ⁨2⁩ ⁨months⁩ ago

      Where are those capitalist “economies” that don’t require growth? Are they decoupled, and not relying on the growth of the global economy? Does their pension system not explode if economic growth would come to a halt? If so, what makes them capitalist?

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      • knitwitt@lemmy.world ⁨2⁩ ⁨months⁩ ago

        I think government pension is probably one the least capitalist ideas out there. There’s no such thing as a pure capitalist society, just like how there’s never been a true socialist society. Only ones that subscribe more to their respective ideas more than their peers. To me, what makes a society capitalist is a foundations belief in a free markets and the voluntary trade of goods and services, and a socialist society is one where the means of production are pushed towards collective ownership.

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• greenbit@lemmy.zip ⁨2⁩ ⁨months⁩ ago

  Capitalisms faiilures on multiple cornerstones, in addition to ecology, are broadly documented

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  • knitwitt@lemmy.world ⁨2⁩ ⁨months⁩ ago

    I think our ecological failures are often misattributed to economic philosophy. Collectivist societies have also caused irreparable ecological harm in the past, so the issue can’t be capitalism exclusive.

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    • Squirrelanna@lemmy.blahaj.zone ⁨2⁩ ⁨months⁩ ago

      It’s not exclusive and no one said it was. Just that capitalism as we have it now has no room for ecological considerations.

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