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In reply to the discussion: SpaceX launches 4 astronauts for NASA after private flight [View all]Farmer-Rick
(12,111 posts)There is a traditional form of economics. It involves buying and selling stuff in the traditional way like we do at Farmer's markets and such. This is Not Capitalism. And that is where most people get confused. They equate markets with capitalism.
Capitalism is the use of capital, (allowing the collecting of excess capital in just a few hands is a by-product of capitalism,) to control markets and the means of production.
Markets will always be with us. They were there with feudalism and with slavery. Doing away with capitalism will not do away with markets, private ownership, buying and selling or commerce. It will probably do away with stock markets, a lot of banks and corporations, but probably not commodities trading.
We will have to move to a form of socialism because our planet is being destroyed and wars are breaking out due to capitalism. If we don't end it, it will wipe out humankind.
We will have to start planning markets, controlling them for the good of the planet and humanity. We will have to stop one filthy rich person, our a group of them, from using their capital to build a factory or corporations and then making all the decisions for the factory or corporation. It affects too many lives when they inevitably make a bad, wrong and corrupt decision.
We may have to pay farmers and other workers as government workers, much like we do judges and school teachers, to control how they farm and work.
We will have to consider the good of society before allowing a company or corporation to do anything. We will have to allow workers to make decisions on how the corporation or factory will run. If you work there you get a controlling voice there.
This is how I see the future evolving. If it doesn't go there in some form or another, we will slip back to feudalism or wipe out our species.
It's gonna change one way or another.
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