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Cake day: June 11th, 2023

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  • Most of these definitions (with the exception of the Century Dictionary) would suggest a definition for “anti-capitalism” as primarily being against an economic system based on private ownership of capital, not the concentration of wealth in the hands of a few. While these two things are compatible and perhaps even causal, they don’t inherently require each other. You can have extreme wealth in a non capitalist system, or a capitalist system with strong caps on wealth accumulation. Perhaps a better description for your position would be “anti-extreme wealth” rather than “anti-capitalism”?




  • Based on your definition of what it means to be “anti-capitalist” vs “anti-market” I think there may be a difference between the definitions of capitalism we are working under. Could you give me your definition of capitalism?

    While I do understand that non democratically accountable forms of economic activity may harmful or explotative in many situations, I do also see the argument for private ownership of “the means of production”, in so far as it can be beneficial to the overall effectiveness and efficiency of production and innovation. I don’t think anyone can scientifically or even philosophically completely justify one economic system over the other, and that so far, a mix of the two has been what most countries have settled on.

    Capitalism means that we vote with our dollar and when those with capital have more votes and those without, they control policy generation and governance.

    One last thing I’d like to point out, while in capitalism, the collective choices of those with money decide what products are made and services provided, this decision power doesn’t (and shouldn’t!) in well-functioning democracies extend to the government. I do understand the concern of large accumulations of wealth causing large imbalances of power which then affects government policy, and I believe this is a major problem (especially generational wealth). But I do not believe it is one that cannot be prevented and protected against, nor do I believe it is a defining property of “capitalism”.


  • Going with the cancer metaphor, what does “late-stage” capitalism look like? How do we know that it will happen? Are there any other possible timelines that has something resembling capitalism but is not terrible? Capitalism is a pretty broad term that can describe all types of economies from the american gilded age to modern social democracies, and while I would certainly consider various forms of extreme capitalism to be cancerous to a functioning society, are they truly representative of all types of capitalist systems?

    Edit: spelling