General Discussion
In reply to the discussion: What comes next after capitalism fails? [View all]HereSince1628
(36,063 posts)Generally speaking the ideological perspective was one that placed development and expansion of industry (and later management wealth) as a priority to environmental issues. It's less about socialism and more about narrow-minded ideology.
The fault of American capitalism isn't that it can't use money to advance development and expansion of an economy. The problem is that it also has turned into a very narrow-ideology that venerates creating bigger and bigger capital accounts than could ever occur simply through expansion of production.
The only way to build such bigger capital accounts, is to expand profitability through mechanisms that create greater social and economic asymmetries.
At some point this narrow-minded ideology must fail. Concentrating money requires consumers from whom money may be concentrated. As it is American neo-liberalsim seems to completely ignore the importance of productivity and consumption of the working masses. It's a system that seems to be headed for despotism wherein foreclosing others' property rights will provide the mechanisms to squeeze out the last pennies of free men to be added to the money mountain ranges of the last tycoons.