You've just described communism. At the end of the day the contrast between capitalism and communism is a simple one when you remove the hype.
Capitalism, Marx noted, was the bastard child of feudalism, a form of wealth ownership that revolved around land based growth. European feudalism, in experiencing it peak land crisis, triggered a flight to new forms of wealth creation as well as new land prospects. A sort of contemporaneous flowering of caitalism and expansion of feudalism to the new world. Capitalism triumphed (the American Civil war) and promptly commenced making the entire globe in its image, in the process conquering all attempts at jump starting communism within nations. Hitler was capitalism's response to the upsurge in communist sentiment across post WWI Europe. Perhaps unwarranted as communism is doomed to fail until all surplus worldwide has been exhausted as you will see below.
Communism is a technical civilisation based on the needs of its members, working non-owners. The consumer impulse is absent due to the absence of ownership and the impulse for annual growth (the
growth cycle). It is a post surplus society in other words. The fact that the USSR and China assumed elements of capitalism is testimony more to the fact that communism is not sustainable in a world where surplus is available and yet to be developed. The impulse to profit overwhelms needs based management. Communism however, is neither evil nor good. It is simply a child for its time and now is not its time.
Capitalism in contrast is technical civilisation premised on management by the private, their reward being ownership and profit derived from the labour surplus I have averred to above. It is neither evil nor good as well simply being a child for its time. The function of capitalism is profit by way of growth for the private or the growth cycle. Growth is as much a function of profit as is your breathing, your living. Obsolescence is equally central to this impulse and is something that should be immediately evident as a function of annual growth. The growth cycle is open resource wise as it turns annually, the result being that resources fed into the cycle, escape as each
obsolescence cycle (and there are as many as there are products) does a full turn. Attempts at mitigating this effect must be cost effective in terms of annual profit hence the lamentable failure at comprehensive recycyling.
Now bar the development of deep interstellar mining with craft able to overcome all the logistical issues of transiting the earths orbit
repeatedly or resource alchemy enabling us to conjure up the plethora of resourcing from fresh air or some other commonly available resource such as sand, capitalism MUST fall on its own sword. And it is at this interface that we are confronted with transition to the communalism contemplated by Marx.
Hence my misgivings about state capitalist China which is, I suspect a beleagured capitalists wet dream in his hopes for innovation and continued surplus, especially given that we still depend on that antiquated propuslion system, internal combustion.
It's not to say that we may never excel ourselves but I suspect that it's a race with time as capitalism seeks to close its bleeding obsolescense cycle with technology that has barely changed from its inception. I note that the new flavour is the "Singularity".
Well, as I said above, unless the singularity can conjure up resource alchemy or designs a spacecraft that is commercially viable for mining deep space, capitalism is dead and I give it 5 decades max (mid century in other words)
$this->bbcode_second_pass_quote('Ibon', '')$this->bbcode_second_pass_quote('americandream', ' ')capitalism and closed loop cyclicality are an oxymoron...
In its current form it is indeed. It's interesting to see capitalism coinciding in China with this strong central government. Ideologues not too long ago would have said that what exists today in China is not sustainable. Now just imagine if the guiding hand of central government was benevolent, understood carrying capacity and was authoritarian. How would capitalism have to change to play within boundaries that would be steady state? What it would become would probably make it something that is not capitalism. But change happens in small incremental steps sometimes punctuated with more rapid change after the catalysts of consequences stir things up.
What we can't imagine being possible today may happen tomorrow. For the better and worse.
We need to approach the future as somewhat of a mystery......that is probably the most adaptive response one can take.