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this post was submitted on 12 Jul 2023
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Because infinite growth of profits on a finite planet.
Capitalism is unsustainable. We're seeing what happens in late capitalism. The belts tighten, the workers get left in the dust, the products consumers actually want get the axe.
We don't even have capitalism yet, what late stage are you talking about?
What are you defining capitalism as, and what word would you use to describe our current system?
You can read about capitalism in Wikipedia.
Most countries today move towards economical fascism, where governments exercise control over private property but do not nationalize it. Lobbying, donor interest protection, cronyism, rise of oligarchy - you can see it in many countries. And then inevitable radicalisation of the public and scapegoating everything else as the core issue. Capitalism, migrants, ecology - everything is a problem but the government.
This Wikipedia article says that the US is a capitalist system.
Where are these things listed in the article as being incompatible with capitalism, and their presence meaning it's some other system?