u/CustodialWitch

A system so reliant on credit, speculation, and new markets in a finite world is not a sustainable system.

The eventual economic devastation from the impending AI bubble pop not only proves that Capitalism is a dying system, but also demonstrates how absurdly silly it is that the economy can be ruined because of it.

The upswing of European capitalism is coming to an end. Their reliance on American hegemony is sewing its own grave as America's imperial grip and influence is failing as China rises. The lack of unity in Europe is further isolating the small countries in their own capitalist industries, and America is forcing them to pay via their reliance on the defense and energy industries. They've dumped insane amounts of resources into the Ukraine war and Russia has come out on top.

This is forcing these small European countries to employ austerity politics and cut their welfare states. This will inevitably lead to poverty in these countries. This is the inevitable contradictions and poverty caused by capitalism under crisis that proves marxists right that you cannot reform capitalism and capitalism's own logic Will lead to its defeat as workers won't stand for it as these countries further cut worker benefits and push them to fight bourgeois wars.

Why "capitalism made your cell phone" is a bad argument against socialism.

Labor produces commodities. Capitalism vs socialism doesn't really change this. The system itself just decides whoever gets to reap the benefits.

Public spending military research went to funding the mass majority of cell phone research. Public spending invested in the infrastructure for internet, etc. Capitalists had the capital to then own and capitalize on this science and research and fund its production and marketing. Labor still acquired the resources. Labor still did the actual research. Labor still did the manufacturing. Labor still did the managing of people.

"But where does the incentive for innovation come from?" Nerds, innovators, and thinkers on solving problems has existed long before capitalism has existed. People have always worked hard together to survive and solve problems.

"But what about ownership rights to ideas?" All ideas compound and borrow. We expand and draw inspiration from others' ideas and information pretty much with every idea. It's always going to be shared. And if you dont have the idea, someone else who might not need a wealth inspired motivation to will. There is billions of people.

Now given. From a marxist perspective. Capitalism was AMAZING in its role in the death of religious rule, feudalism, and monarchy to get rid of alot of non scientific ideas enforced upon society and enabling science to reign so that economies and technology can grow.

Lastly. The infrastructure of society already exists. It doesn't cease to exist once the economic system has changed.

Drive across the highway in America and see how much under utilized land we have. We also allow enough food to feed the globe (i understand this is a distribution problem) go to waste yearly.

The problems include climate change, which cannot be solved under capitalism because it is not profitable to do so. Rigged private property rights which leads to alot of useless and unproductive ownership of land. And privatized ownership of agriculture. To name a few of the problems. All of which cannot be solved, even with the most social democrat like Bernie Sanders.

You can fling your propaganda. But overall the ussr industrialized in 2 decades while keeping unemployment near zero. Even after being a backwoods feudalist society ruled by a monarchy.

The undemocratic dissolution of the ussr sent millions into poverty.