It ran pretty well for quite a long time. There was still enough to go around. It’s that late-stage capitalism that’s cooking us. That said, it’s not like we can fix it, it’s gonna have to go.
Small market capitalism is decent at spreading around money but as soon as it gives way to monopoly that advantage disappears quickly. So far no country in history has been able to effectively regulate it to keep it at the small market level.
There were plenty of unskilled and semi skilled people in the 80’s and 90’s that bought a house, raised a family and took a long vacation every year on a single tradesman’s income. We had rich fuckers back then too, but they were rare and business was pretty well distributed.
It ran pretty well for quite a long time. There was still enough to go around. It’s that late-stage capitalism that’s cooking us. That said, it’s not like we can fix it, it’s gonna have to go.
Small market capitalism is decent at spreading around money but as soon as it gives way to monopoly that advantage disappears quickly. So far no country in history has been able to effectively regulate it to keep it at the small market level.
turns out the term “late-stage capitalism” is over a hundred years old . It is difficult to argue that it has been working before that.
There were plenty of unskilled and semi skilled people in the 80’s and 90’s that bought a house, raised a family and took a long vacation every year on a single tradesman’s income. We had rich fuckers back then too, but they were rare and business was pretty well distributed.