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   ☭ 𝗖 𝗔 𝗧 ☭ (radical_egocom@mastodon.social)'s status on Thursday, 23-Jan-2025 08:55:00 JST ☭ 𝗖 𝗔 𝗧 ☭

   • Emeritus Prof Christopher May

   @ChrisMayLA6

   Replace "authoritarian capitalism" with just "capitalism." Capitalism is inherently authoritarian. There's no need to reiterate. Plus, saying "authoritarian capitalism" sort of implies that there is some version of capitalism that doesn't ultimately lead to oligarchy, which isn't true.

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     ☭ 𝗖 𝗔 𝗧 ☭ (radical_egocom@mastodon.social)'s status on Thursday, 23-Jan-2025 20:24:07 JST ☭ 𝗖 𝗔 𝗧 ☭

     in reply to

     • Emeritus Prof Christopher May

     @ChrisMayLA6

     Capitalism requires capitalists to extract surplus value from workers (i.e., stealing the majority of the wages that workers generate through their labor) and reinvest it back into their businesses, as well as keeping much of it for themselves, which strengthens the capitalist system while simulation widening the class divide and increasing income inequality. All of this inevitably leads to oligarchy, authoritarian capitalism, whatever you want to call it.

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     Emeritus Prof Christopher May (chrismayla6@zirk.us)'s status on Thursday, 23-Jan-2025 20:24:08 JST Emeritus Prof Christopher May

     in reply to

     @Radical_EgoCom

     And that would be where we differ; I'm from the varieties of capitalism (academic/analytical) viewpoint & so *don't* see all capitalisms as the same... indeed, some are a lot better than others... but certainly I know a lot of people who would share your position, and I can see the way one reaches that, even if I disagree.

     ☭ 𝗖 𝗔 𝗧 ☭ repeated this.