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Published 8 years ago by ressmox with 5 Comments

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  • spaceghoti
    +4

    I don't know that this isn't simply wishful thinking, but I would certainly welcome the end to our hyper-capitalist attitudes. I think we've been through this transition before, namely after the 1920s. So even if we are coming out of an era of greed and unrestrained capitalism I don't think it safe to say that it will never come back. Humans aren't very good at learning from history.

    • Amulet
      +4

      I find it ironic that as individuals we do learn from past events, and personal experience is valued highly, but as a society our memory is laughably short. We suck at passing the learned wisdom to others. Hopefully information technology can alleviate this and extend our collective memory span.

      We certainly won't see the end of capitalism any time soon, but I believe the internet will prove to be a monumental turning point for the better in human history.

  • AdelleChattre (edited 8 years ago)
    +3

    Capitalism dies whenever all available profits have been privatized and resulting losses must then be socialized.

  • rosellem
    +2

    It may be the beginning of the end, but I doubt any of us will see it end in our lifetime. One could point to the Magna Carta in 1215 as the beginning of the end for feudalism, but it was hundred of years before it was really replaced. The transformation of an entrenched social structure is a slow process.

    But who knows, I think automation of jobs is going to put a huge strain on the system. What happens when there simply isn't enough work to keep everyone busy?

    • greensoul
      +1

      "What happens when there simply isn't enough work to keep everyone busy?"

      I like to imagine that there will be organizations(maybe cooperatives?) that will help with the transition.

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