this post was submitted on 05 Apr 2024
333 points (94.6% liked)

Socialism

5201 readers
1 users here now

Rules TBD.

founded 5 years ago
MODERATORS
dessalines@lemmy.ml
333
Literally Cancer (lemmy.ml)
submitted 7 months ago by yogthos@lemmy.ml to c/socialism@lemmy.ml
69 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] rah@feddit.uk 1 points 7 months ago* (last edited 7 months ago) (1 children)

Many capitalists are losing their investments when the economy shrinks though, even if some benefit.

That doesn't contradict what I said.

The system as a whole

The system as a whole isn't capitalism.

[–] QueerCommie@hexbear.net 2 points 7 months ago (1 children)

It literally is though. In the middle ages would you have said "it's not all feudalism, there's actually some merchants too!"

So the current global market, as counted by GDP isn't capitalism?

an economic and political system in which a country's trade and industry are controlled by private owners for profit.

Oh, wait, you're right. China's socialist, so not the whole international system. Any given imperialist country still relies on growth to keep capitalism alive, though.

[–] rah@feddit.uk 0 points 7 months ago (1 children)

So the current global market, as counted by GDP isn't capitalism?