#capitalist

tpq1980@iviv.hu

Many #American #Conservatives might like to critique the #UK as being too #Socialist, many of those critiques may be valid, however, the #USA is not a #Capitalist economic system any more than the UK is, with the #GDP of both nations being comprised of around 40% #government spending.

The USA has been for decades a mixed Capitalist/Socialist economic system. What's most sad about both the UK and #US is that the kind of #Socialism being deployed is actually #corporate Socialism, wherein #taxes are forcibly redistributed to #corporations and the most wealthy. The worst aspects of both systems.

#corporatesocialism #redistribution #angloamerican #economics

https://en.wikipedia.org/wiki/Government_spending_in_the_United_States#State_and_local_government_spending

tpq1980@iviv.hu

Among the many false claims made by various #government media, #corporate media and social #media commentators, such as the UK being a "Liberal Democracy," we are also told how terrible the #capitalist #system in the #UK is and how we need more #Socialism to save us.

While I do agree that crony capitalism and #monopoly capitalism are indeed terrible, we don't actually live in a capitalist economic system, we live in a mixed Capitalist/Socialist #economy, where for the last two sociological generations or more, government spending has comprised more than 40% of all economic activity in the UK.

#cronycapitalism #monopolycapitalism #economics #economicactivity #gdp

https://www.economicshelp.org/blog/5326/economics/government-spending

brainwavelost@nerdpol.ch

#Taiwan, a developed country

Inequality of incomes and personal wealth remains high, as it does in most #capitalist economies. The highest-earning 20% get over six times the income of lowest earning 20%. The top 1% of wealth holders have 25% of all #wealth and the top 1% of income holders get 20% of all income.

Huge #property speculation has led to home prices jumping 50% in the last five years and accelerating, making it impossible for young Taiwanese to find decent accommodation.

The threat of an ‘invasion by China’ is probably the least of the worries of Taiwanese voters, despite the media barrage from the West and from Taiwan’s politicians.

source

libramoon@diaspora.glasswings.com

https://davidgraeber.org/articles/hope-in-common/

Hope in Common
#DAVIDGRAEBER

..."Hopelessness isn’t natural. It needs to be produced.... a vast apparatus of armies, prisons, police, various forms of private security firms and police and military intelligence apparatus, propaganda engines of every conceivable variety, most of which do not attack #alternatives directly so much as they create a pervasive climate of #fear, jingoistic conformity, and simple despair that renders any thought of changing the world seem an idle fantasy. Maintaining this apparatus seems even more important, to exponents of the “free market,” even than maintaining any sort of viable #market #economy. How else can one explain, for instance, what happened in the former Soviet Union, where one would have imagined the end of the Cold War would have led to the dismantling of the army and KGB and rebuilding the factories, but in fact what happened was precisely the other way around? This is just one extreme example of what has been happening everywhere. Economically, this apparatus is pure dead weight; all the guns, surveillance cameras, and #propaganda engines are extraordinarily expensive and really produce nothing, and as a result, it’s dragging the entire #capitalist system down with it, and possibly, the earth itself.
...
our perceptions having been twisted into knots by decades of relentless propaganda, we are no longer able to see them. Consider here the term “communism.” Rarely has a term come to be so utterly reviled. The standard line, which we accept more or less unthinkingly, is that communism means state control of the economy, and this is an impossible utopian dream because history has shown it simply “doesn’t work.” Capitalism, however unpleasant, is thus the only remaining option. But in fact communism really just means any situation where people act according to the principle of “from each according to their abilities, to each according to their needs” — which is the way pretty much everyone always act if they are working together to get something done. If two people are fixing a pipe and one says “hand me the wrench,” the other doesn’t say, “and what do I get for it?”(That is, if they actually want it to be fixed.) This is true even if they happen to be employed by Bechtel or Citigroup. They apply principles of communism because it’s the only thing that really works. This is also the reason whole cities or countries revert to some form of rough-and-ready communism in the wake of natural disasters, or economic collapse (one might say, in those circumstances, markets and hierarchical chains of command are luxuries they can’t afford.) The more creativity is required, the more people have to improvise at a given task, the more egalitarian the resulting form of communism is likely to be: that’s why even Republican computer engineers, when trying to innovate new software ideas, tend to form small democratic collectives. It’s only when work becomes standardized and boring — as on production lines — that it becomes possible to impose more authoritarian, even fascistic forms of communism. But the fact is that even private companies are, internally, organized communistically.

Communism then is already here. The question is how to further democratize it. Capitalism, in turn, is just one possible way of managing communism — and, it has become increasingly clear, rather a disastrous one. Clearly we need to be thinking about a better one: preferably, one that does not quite so systematically set us all at each others’ throats.
...
at the very least we can start with a pledge against #evictions: to pledge, #neighborhood by neighborhood, to support each other if any of us are to be driven from our homes. The power is not just that to challenge regimes of debt is to challenge the very fiber of #capitalism — its moral foundation — now revealed to be a collection of broken promises — but in doing so, to create a new one. A debt after all is only that: a promise, and the present world abounds with promises that have not been kept. ... the promise offered by capitalism — that we could live like kings if we were willing to buy stock in our own collective subordination. All of this has come crashing down. What remains is what we are able to promise one another. Directly.

Without the mediation of economic and political bureaucracies. The revolution begins by asking: what sort of promises do free men and women make to one another, and how, by making them, do we begin to make another world?"...

brainwavelost@nerdpol.ch

Rather than lobbying or pleading with representatives, these examples highlight the power of direct action to create the material changes our so-called “representatives” deny us. By directly meeting needs and attacking #colonial, #white-supremacist, #imperialist, #hetero-patriarchal, and #capitalist structures, we can help build communities and institutions that meet the needs of all people rather than serving the ruling class. Ruth Wilson Gilmore writes, “abolition is about presence, not absence. It’s about building life-affirming institutions.” Direct action is how we address colonialism, #capitalism, and #imperialism and build life affirming #communities and worlds.

escheche@diasp.org
thanatosincarnate@pod.geraspora.de

#gafam gonna GAFAM:

It’s Official: 3rd-Party Twitter Apps No Longer Allowed

"As per Engadget, the social networking site has updated its developer agreement to state that devs can not “use or access the Licensed Materials to create or attempt to create a substitute or similar service or product to the Twitter Applications.”"

https://www.omglinux.com/twitter-bans-3rd-party-clients-official/

#gafam #twitter #proprietary #capitalist #social #media

escheche@diasp.org
escheche@diasp.org

Capitalism vs Socialism is NOT Markets vs Planning

https://yewtu.be/watch?v=K-jCqjM4Kmc

#ProfWolff shows how the #economics of existing capitalist and socialist economies make use of both #markets and #planning. The opposition of markets and planning is largely false and has worked to distract students and observers of economic systems from better differentiations such as how they differently #organize their #workplaces: #hierarchical in the case of #capitalist, #democratic in the case of #worker-cooperatives. Some major implications of this critique of the "planning versus market" obsession are discussed in relation to the #US, #SovietUnion, and #China.

#richardwolff #economicupdate #capitalism #socialism #money #inflation #democracyatwork

florida_ted@diasp.org

Caitlin dares to say things that are hard to hear. That's why I listen.

They’ve lied about every war, and they’ve openly acknowledged lying about this very war, but you’re a Kremlin agent if you say they’re lying to us about this war.

#Caitlin #Johnstone #mainstream #media #lies #capitalist #elite #corruption #power #war

https://caitlinjohnstone.com/2022/06/17/the-mainstream-worldview-is-self-evidently-bullshit-notes-from-the-edge-of-the-narrative-matrix/

sylviaj@joindiaspora.com

China-3, USA-0 ~ Beijing inflicts a severe economic defeat on America

https://www.toronto99.com/2022/02/15/china-3-usa-0-beijing-inflicts-a-severe-economic-defeat-on-america/

There is no mystery regarding the reasons for this #US #failure. Paradoxically, the world’s supposed “number one #capitalist #economy” is now actually creating very little #capital. Instead, the US has become an economy overwhelmingly dominated by #consumption. New figures show that on #trade, #economic #growth and #inflation, #China’s comprehensively come out on top and #US #sanctions have #failed miserably.

#defeat #world #tariffs #deficit #trade-war #capitalism

thanatosincarnate@pod.geraspora.de

I secretly think it's a great thing when people publish opinion pieces such as "Linux is free if you don't value your time", because it means I don't have to engage with more bougie people on forums mistaking the Linux community for a tech company product and mistaking voluntaries on Linux forums for disenfranchised people from the 3rd world working customer support that they can abuse and yell at because that consumer demographic is too lazy to read a 2-line wiki entry on how to install something. :)

#linux #users #capitalist #service #mentality

sylviaj@joindiaspora.com
florida_ted@diasp.org
sylviaj@joindiaspora.com
sylviaj@joindiaspora.com
sylviaj@joindiaspora.com