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Hi y'all! With all this talk about the minimum wage and the value of capitalism...can we make sure we separate capitalism from *COMMERCE*??? Because I feel like when most people are talking about how great capitalism is...they're really just talking about commerce... 1/
*Commerce* is the act of buying and selling goods using the medium of money to determine the trade value of said goods/services.
*Capitalism* is the process of extracting *capital* (aka extra money to invest to make more money) from the labor of those doing the commerce. 2/
*Capitalism* is the process of extracting *capital* (aka extra money to invest to make more money) from the labor of those doing the commerce. 2/
*Commerce* can still have the same supply/demand rules that we naturally attribute to capitalism! Capitalism is only the organizational (/moral...let's be real) structure that we frame commerce within, who's goal is just to make money for the sake of making money. 3/
Talking about the "downfall of capitalism" is talking about a long, hard look at what our priorities are. *WHY* are we making the money? What are we spending it on? We can still have commerce and commercial enterprise *set within a structure that operates morally.* 4/
I mean...do you know of any country that doesn't use money? Even China - the big bad communist country that everyone uses as a scare tactic - is *incredibly* competitive on the international commercial market.
(This is not an endorsement of China.) 5/
(This is not an endorsement of China.) 5/
Right now we've never evolved from robber barons and European imperialism, it's just for so long we didn't see or experience the *worst* of the exploitation. Now we are, with thousands of people dying for the sake of the economy because the Lords refuse to tax the Barons. 6/
It's true, money makes the world go around...but how are we going to spend it during each revolution? End/
