A capitalist system is built on the idea that holders of capital actually deploy that capital, rather than horde it.
If capital holders don’t actually deploy that capital and compete with each other, then you don’t have a capitalist system anymore. You have a feudal system, where asset holders extract resources through rents, rather than capital deployment and risk taking.
I don't think they were thinking of "no government", rather something like "government working in support of capital" (see 2008 financial crisis bank bail-outs; enforcing private ownership and protecting accumulated wealth).
How little imagination we have anymore! Its like you discover ice cream but for some reason only chocolate ice cream. Someone is like "chocolate is no good" and all you know to think is: "Oh so you guys just dont want ice cream at all?!"
Governments are fine. Any group of people large enough to not be a hivemind on everything has a government. Even if they don't formalize it, it will still emerge organically as they run into issues that require consensus on actions.
The crucial difference is between the governments actually run by the people, and the governments that claim to "represent" them.
avianlyric|2 months ago
If capital holders don’t actually deploy that capital and compete with each other, then you don’t have a capitalist system anymore. You have a feudal system, where asset holders extract resources through rents, rather than capital deployment and risk taking.
ryanjshaw|2 months ago
OGWhales|2 months ago
wodenokoto|2 months ago
TheOtherHobbes|2 months ago
bnlxbnlx|2 months ago
beepbooptheory|2 months ago
int_19h|2 months ago
The crucial difference is between the governments actually run by the people, and the governments that claim to "represent" them.
exe34|2 months ago