Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
Capitalism is just a continuation of the feudal system. Great for owners / gentry, bad for serfs /workers. Labor creates all value, and should be rewarded as such.
I agree that capitalism is great* for owners and bad* for workers, but it is definitely not feudalism. Marx literally wrote that feudalism and capitalism are different modes of production.
They’re different modes of production, however the bourgeoisie intentionally transitioned to capitalism so they could maintain their power. It got a little watered down and theoretically allowed for economic mobility, but that was a sacrifice they were ok with
Feudal lords and the bourgeoisie have nothing to do with each other and are, in fact, historical enemies. Hierarchies existing doesn’t make all hierarchies the same.
They didn’t transition immediately, and yes there was significant opposition to capitalism during the fuedal era. Just like there was significant opposition to fuedalism from absolute monarchy, and to absolute monarchy from anarcho-primitivism. However, monarchies eventually saw that their options were either changing modes of production or lose power all-together.
For the working class its not that big of a difference, bosses are bosses.
A more morally forceful way to say this is labor is de facto responsible for all production. In other words, labor is responsible for creating the whole product, which has value. By the usual moral norm, legal responsibility should match de facto responsibility. The workers should legally get what they produce