this post was submitted on 23 Jan 2025
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Properly regulated capitalism is my Left but...
Then you are technically left. Although leninists Will loudly denounce anyone who doesn't follow their authoritarian ideology as being no true Scotsman.
Capitalism as I stated above is regulated by capital. Anything other than capital regulating capitalism is not capitalism. The whole point of capitalism is that Capital regulates itself. If you want something other than Capital regulating capitalism, i e the people or government. Then you are against Capital regulating itself. And therefore anti-capitalist.
The tricky bit is. That wealthy oligarchs have spent centuries at this point conflating markets and capitalism. They are two different things. Markets have existed for centuries, Millennium even. It's one of man's oldest inventions. Coming right about the same time as agriculture. Predating capitalism by thousands of years. Capitalism as a concept is barely older than the United States itself.
That's a very absolutist view of the meaning of Capitalism.
With that view, how could anyone be against Capitalism then?
It's technically never been tried with that definition.
It's not absolutist. Mildly reductive perhaps. But not remotely absolutist.
How could anyone be for it? It's literally rule by the wealthy. It was a response created by wealthy mercantilist. Frustrated that no matter how much money they had there was an echelon of power always denied to them.
It's always been tried with that definition. At the founding of the United States, wealthy white land owning males. The capital class with all the capital controlled it. It was oligarchy from it's establishment. It was more beneficial on average than mercantilism. But still a failure.
Even today in China. The vanguard, their capital controlling class controls and regulates their state capitalism. Capital regulates capitalism. Not the people.