this post was submitted on 17 Apr 2025
818 points (94.4% liked)

Late Stage Capitalism

1632 readers
8 users here now

A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.

A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.

RULES:

1 Understand the left starts at anti-capitalism.

2 No Trolling

3 No capitalist apologia, anti-socialism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.

4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.

5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.

6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' Tankie, etc.

founded 7 months ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 week ago (1 children)

Workers rights in Denmark, an Imperialist country that is firmly under the control of Private Capital, are declining. Safety nets are eroding and unions are weakening, disparity is rising. The opposite is the case in the PRC, a rapidly developing country where Public Ownership is in control of the economy.

Markets themselves are not Capitalism, just like public ownership itself is not Socialist. The US is not Socialist just because it has a post-office, just like the PRC is not Capitalist just because it has some degree of private ownership. Rather, Marx believed you can't just make private property illegal, but must develop out of it, as markets create large firms, and large firms work best with central planning:

The proletariat will use its political supremacy to wrest, by degrees, all capital from the bourgeoisie, to centralise all instruments of production in the hands of the State, i. e., of the proletariat organised as the ruling class; and to increase the total of productive forces as rapidly as possible.

I want you to look at the bolded word. Why did Marx say by degree? Did he think on day 1, businesses named A-C are nationalized, day 2 businesses D-E, etc etc? No. Marx believed that it is through nationalizing of the large firms that would be done immediately, and gradually as the small firms develop, they too can be folded into the public sector. The path to eliminated Private Property isn't to make it illegal, but to develop out of it.

The essential condition for the existence, and for the sway of the bourgeois class, is the formation and augmentation of capital;[43] the condition for capital is wage-labour. Wage-labour rests exclusively on competition between the labourers. The advance of industry, whose involuntary promoter is the bourgeoisie, replaces the isolation of the labourers, due to competition, by their revolutionary combination, due to association. The development of Modern Industry, therefore, cuts from under its feet the very foundation on which the bourgeoisie produces and appropriates products. What the bourgeoisie, therefore, produces, above all, are its own grave-diggers. Its fall and the victory of the proletariat are equally inevitable.

This is why, in the previous paragraph, Marx described public seizure in degrees, but raising the level of the productive forces as rapidly as possible.

China does have Billionaires, but these billionaires do not control key industries, nor vast megacorps. The number of billionaires is actually shrinking in the last few years. Instead, large firms and key industries are publicly owned, and small firms are privately owned. This is Marxism. Analysis of China's economic makeup affirms this method as true:

Further, China is democratic. It doesn't have a western liberal democracy, but it does have a comprehensive Socialist democracy. You can read this article talking about why the Chinese democratic model is in place and why the people support it, or this article on how the Chinese model of democracy works in contrast to western democracy, or this short video on how it works, or this video on how elections work, or this article on the makeup of the NPC.

By what metrics is China not democratic? What mechanically would they have to change for you to accept the opinions of the Chinese citizenry on their own system? I recommend this introduction to SWCC, it goes in-detail about how elections and the democratic model work in China. what mechanically would China have to change in order for you to accept the system that the Chinese have implemented by and for themselves, and approve of at rates exceeding 90%? The material conditions of Chinese citizens have dramatically improved, along with their faith in the government:

Further, China is not Imperialist. Rather than using financial Capital to provide large loans with clauses requiring countries to privatize industries for foreign capture, they focus on building up trade infrastructure and industrialization. This is because they need to create more customers, they don't have an import-driven economy nor does private financial Capital control the state.

I recommend you check out this introductory Marxist-Leninist reading list I made, if you want to judge Marxists on their application of Marxism, then you should familiarize yourself with Marxism.