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Is there any progressive character to finance capitalism? (hexbear.net)

submitted 8 months ago by [email protected] to c/[email protected]

4 comments fedilink hide all child comments

What does finance capitalism serve? When look at the progress of original capitalism, when compared to feudalism especially, there were some clear long term benefits. But what has the capitalism of the neoliberal era done?

Doesn't the existance of the US and UK in the neoliberal era for so many years just mean that we found a way to be fascist while maintaining the liberal-democratic order and bourgeois freedoms?

Or could a modern socialist state wield the teaching of financial capitalism in a progressive manner that can be seized for the benefit of the people without such a socialist state being imperialist or engaging in un-fair or un-equal exchange across borders?

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[–] [email protected] 4 points 8 months ago* (last edited 8 months ago) (1 children)

https://redsails.org/the-relationships-between-capitalists/

Progressive in the sense that it “is the abolition of the capitalist mode of production within the capitalist mode of production itself.”

[–] [email protected] 1 points 8 months ago

The development of capitalism to the highest stage, to the point of fragility, implies a very high stage of socialist alternative to be birthed out of a genuine working class movement, correct?