by radon1 » Sat 04 Jan 2014, 21:34:59
Kaiser, your point about capitalism's reliance on the basic human nature is a very valid one. Greed, fear, and hierarchy all have billions years of history and as such are tried and tested and very reliable. Communal forms will likely have to rely on human conscience, which is very recent and thus fragile and unreliable. But the alternative to those communal forms is sliding to archaisms such as feudalism or even barbarism (was discussed on this forum in detail a year or so ago).
$this->bbcode_second_pass_quote('KaiserJeep', 'I') do happen to believe in the oil peak. I don't blame Capitalism.
I blame basic human nature, in fact the same behavior that began about 3000 BC when humans extended the tribe structure into villages and clans. That is the earliest form of Capitalism and the earliest Capitalists were herders, farmers, blacksmiths, bakers, brewers, etc.
No one blames Capitalism - this is like blaming wind for blowing or rain for raining. Your earliest form was not capitalism as such, this was the inception of the "financial sector" - but these are technicalities. The fact that the first shoots of capitalism emerged at 3000BC or else does not mean that capitalism has no end.
As already said, a casual observation of history illustrates the point. Any time a closed capitalistic system hit its physical limits, it underwent a severe depression. These depressions were resolved mostly by violent acts - enclosure, interstate wars, colonial expansion, World wars, amalgamation of China (this one was peaceful), and the final act - Cold war resolution and embedding the USSR+ into the world's now sole US-led capitalist system.
To go from the observation to understanding requires a bit of study, but cutting the story short in simple terms - in order to have capitalism, you need to be able to charge interest. You may charge interest doing only two things - arbitraging between previously isolated markets until they come to equilibrium, or producing acts of deepening division of labour (or accumulation of labour surplus, as AD puts it). The latter has historically been mainly digging into the pool of poor peasantry, be that in the early industrial Britain, or in the industrialising Soviet Union, or in China and its surroundings as it is happening now.
The isolated markets suitable for arbitrage no longer exist on any substantial scale, and we will soon run out of the poor peasantry - if we no sooner run out of the fuel and food.
Then we will face a situation where there is nothing to charge the interest for. Money, in their financial aspect, will become irrelevant. Moreover, you as a financier will be no longer needed in a balanced static economy - in other words, imagine how useful you as a financier could be to a doomsteader. You may remain deeply capitalistic in your soul and mind, but capitalism without finances is an empty substance - it is anything but capitalism. The economy will run into the familiar depression, but this one will be never ending - there will be no one left to wage a war against for the expansion of the system. People have been sensing this situation for quite a while, calling it long emergency, grinding poverty and alike.
A way out of it could be boosting population growth to continue capitalism on the basis of reproduction of labour on an accelerating scale - but here we run into physical limitations of energy, food and environment, which are key subjects of this website. The physical energy processes and social processes are, in a sense, fractals.
So we are left with either sliding to archaisms, or preserving modernity on the basis of non-capitalistic approaches. In the latter case we would need to be able to develop and maintain complex value chains based on intellect/conscience/communal approaches rather than the old tried and tested fear and greed. This option looks, at least, more intellectually challenging and entertaining than feudalism.
$this->bbcode_second_pass_quote('', 'I')n other words, Marx got it wrong, he confused results with cause.
Heck with Marx. Imagine that you've decided to explore all these issues in-depth and produce volumes on what has happened and will happen. Make studies, talk to people who have got a clue, and so on. In 30 years time you'll produce volumes of writings only to find out that 80% of them will have already been written by Marx (and Adam Smith). Why waste 30 years of your life.
Given that your comments on the subject tend to be emotionally charged to the extent that you readily label any generally known bogeyman as a marxist, it looks like you might have some personal grievances here. So it is probably fairly meaningless to discuss Marx personally.