Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Soph0571

(9,685 posts)
Sat Apr 11, 2020, 06:09 AM Apr 2020

When late stage capitalism takes a selfie



And the sad thing is as long as the market bounces back they could not give a shit about the millions who have lost their jobs, they will just use the opportunity to drive down the price they need to pay for human resource.
33 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
When late stage capitalism takes a selfie (Original Post) Soph0571 Apr 2020 OP
K&R Sherman A1 Apr 2020 #1
Capitalism...so doomed yet again. Scurrilous Apr 2020 #2
The 1930s you say... ck4829 Apr 2020 #11
GREAT POST ashredux Apr 2020 #12
WSJ no less. Great catch. crickets Apr 2020 #31
As opposed to late stage socialism? DFW Apr 2020 #3
That seems like a false equivalency to me. ramen Apr 2020 #5
I'm in Scandinavia regularly and speak Swedish well. I know what the difference is. DFW Apr 2020 #6
It is ck4829 Apr 2020 #10
Equivalent in extremism. The OP doesn't characterize all capitalists any more than Venezuela sociali Bernardo de La Paz Apr 2020 #18
False dichotomy is the fallacy I should have gone with. Thank you. nt ramen Apr 2020 #33
Those countries are capitalists Loki Liesmith Apr 2020 #26
So is the one running low on ventilators and sedatives ck4829 Apr 2020 #28
Exactly, yes. That is my point, ramen Apr 2020 #32
False choice......we have a mix right now...need good leadership ashredux Apr 2020 #8
We're not a socialist country though, so I'm not sure what the point of this comparison is... ck4829 Apr 2020 #13
Using labels damn well works for Republicans. gab13by13 Apr 2020 #4
By any name, in any time... N_E_1 for Tennis Apr 2020 #7
Oh snap. K&R ck4829 Apr 2020 #9
I have retirement money in the market...took some out. This sort of talk is not helpful Demsrule86 Apr 2020 #14
It's not that the disparity exists that's the problem, it's talking about the disparity that is? ck4829 Apr 2020 #16
AOC is so talented but this sort of thing won't help her ...she has a primary opponent. Demsrule86 Apr 2020 #15
We don't have capitalism or socialism. We have fascism. 3Hotdogs Apr 2020 #17
No. Nothing is all one thing or another or even a third thing. Look THAT up. Bernardo de La Paz Apr 2020 #19
Mussolini concurs The Wizard Apr 2020 #25
Lol no Loki Liesmith Apr 2020 #27
Lol Scary close we are to this ck4829 Apr 2020 #29
We Paid for the Bounce Roy Rolling Apr 2020 #20
Yes this! They're already planning FakeNoose Apr 2020 #22
We, our children and our grandchildren Chainfire Apr 2020 #30
I have no idea what "late stage capitalism" is. Something new? I'd like to see all these..... George II Apr 2020 #21
I'm not sure those things are good examples ck4829 Apr 2020 #23
Like sharks on a feeding frenzy The Wizard Apr 2020 #24

Scurrilous

(38,687 posts)
2. Capitalism...so doomed yet again.
Sat Apr 11, 2020, 06:25 AM
Apr 2020

'The term late capitalism began to be used by socialists in continental Europe towards the end of the 1930s and in the 1940s, when many economists believed capitalism was doomed.'

https://en.wikipedia.org/wiki/Late_capitalism




AOC huh...

The Green New Deal and Our Manic Pixie Dream Politics (Feb. 2019)

Understanding Alexandria Ocasio-Cortez as a cultural phenomenon

https://arcdigital.media/the-green-new-deal-and-our-manic-pixie-dream-politics-7e6fa348de65


ck4829

(35,304 posts)
11. The 1930s you say...
Sat Apr 11, 2020, 07:41 AM
Apr 2020


And yet people still use the Dow as some sort of barometer into the economy and life in general...

DFW

(55,356 posts)
3. As opposed to late stage socialism?
Sat Apr 11, 2020, 06:37 AM
Apr 2020

¡Bienvenidos en la Venezuela socialista! ¿A ver si esto te gusta mejor?

Using labels to create enemies is not how one arrives at allies or solutions.

[URL=.html][IMG][/IMG][/URL]
[URL=.html][IMG][/IMG][/URL]

ramen

(827 posts)
5. That seems like a false equivalency to me.
Sat Apr 11, 2020, 06:56 AM
Apr 2020

I'd run a comparison with any of the progressive Scandinavian or European countries instead of Venezuela, personally, to take a look at a country that wields capitalism in a more compassionate way. This doesn't have to be a be a red scare.

That image is grim.. man. The stock market is a rugged place.

DFW

(55,356 posts)
6. I'm in Scandinavia regularly and speak Swedish well. I know what the difference is.
Sat Apr 11, 2020, 07:10 AM
Apr 2020

Talk about false equivalency! Calling any of those countries "socialist" will rankle a native of any of them. They are well-regulated capitalist societies. To call capitalism our enemy begs the question of the preferable alternative, and no alternative has yet produced anything close to prosperity. I'm not interested in a "red scare," and Trump is not "late stage" anything. His brand of government approaches laissez-faire libertarianism, if one is that addicted to labels.

A few years ago, DU already had one otherwise-well-spoken poster call Obama a "piece of shit used car salesman." The fact the alternative would have been an America led by McCain-Palin was somehow omitted from his label-heavy presentation.

Bernardo de La Paz

(49,971 posts)
18. Equivalent in extremism. The OP doesn't characterize all capitalists any more than Venezuela sociali
Sat Apr 11, 2020, 08:18 AM
Apr 2020

Equivalent in extremism. The OP doesn't characterize all capitalists any more than Venezuela socialism characterizes all socialism.

You can always find extreme examples as straw men to knock down on one side and the other.

Blended capitalism and socialism are a fine way to organize a society. Capitalism for dynamic and efficient production, and socialism for social needs.

It is a false dichotomy (another fallacy) to presume or argue that we have to choose one or the other.

ramen

(827 posts)
32. Exactly, yes. That is my point,
Sat Apr 11, 2020, 12:23 PM
Apr 2020

capitalism in conjunction with a strong social safety net is not as barbaric as what we are working with.

ck4829

(35,304 posts)
13. We're not a socialist country though, so I'm not sure what the point of this comparison is...
Sat Apr 11, 2020, 07:47 AM
Apr 2020

Let's try not to distract ourselves here, let's talk about...



We need to be focused on why this is 'acceptable'. No more diversions. No more "any criticism of capitalism automatically means you want socialism!"

The people are done with the false dichotomy.

gab13by13

(22,904 posts)
4. Using labels damn well works for Republicans.
Sat Apr 11, 2020, 06:48 AM
Apr 2020

How about calling it what it really is, crony capitalism, or is that label too offensive?

N_E_1 for Tennis

(10,239 posts)
7. By any name, in any time...
Sat Apr 11, 2020, 07:11 AM
Apr 2020

Humans use humans. Strip away all the titles, labels whatever you need to call the use of people for profit has been around for a very long time. In some ages we were treated ok, in others well crap...not so good.

ck4829

(35,304 posts)
16. It's not that the disparity exists that's the problem, it's talking about the disparity that is?
Sat Apr 11, 2020, 07:57 AM
Apr 2020

Yeah, it's time for this mindset to go and take a flying leap off a cliff.

3Hotdogs

(12,837 posts)
17. We don't have capitalism or socialism. We have fascism.
Sat Apr 11, 2020, 08:13 AM
Apr 2020

In the U.S., fascism is called by a softer name, corporatism. But its the same thing. Look it up in the internet tubes.

Bernardo de La Paz

(49,971 posts)
19. No. Nothing is all one thing or another or even a third thing. Look THAT up.
Sat Apr 11, 2020, 08:27 AM
Apr 2020

We don't have one or another all or nothing. It's a blend and some kind of balance.

The balance is unbalanced currently. The US is drifting toward fascism under tRump. More than drifting; it is been pushed by tRump even though he is too self-centered to be fully aware of what he is accomplishing.

But the US is not there yet.

If Biden doesn't beat tRump in November then the pushing will become bulldozing.
If Biden doesn't also get one or both of House and Senate then he will need lots of ink for his veto pen.
If Biden does get both House and Senate, then he must be bold. He must be bold anyways, but can be bolder if Democrats and independents give him both.

The Senate is key to confirming judges.

Win the Senate too, but winning the Presidency is top priority. Period.

Roy Rolling

(7,039 posts)
20. We Paid for the Bounce
Sat Apr 11, 2020, 08:37 AM
Apr 2020

That $2.2 trillion? $500 billion for corporations.

The end game? Republicans are stuffing relief bills with pork for corporations. When there’s a Democratic President they will say “Cut Social Security! We are drowning in debt!

Just as sure as McConnell vowed in November, 2008 to sabotage Obama’s presidency, they are looting the treasury now to make that happen.

FakeNoose

(33,994 posts)
22. Yes this! They're already planning
Sat Apr 11, 2020, 09:00 AM
Apr 2020

... to torpedo Biden's presidency -- because they know Chump is going to lose.

The Repukes never take their eyes off the prize(s), and that's a lesson that the Democratic Party has failed to learn. The ultra-conservative judges will be appointed no matter what! The financial perks and cushy privileges will be provided to the one-per-centers no matter what! The invoice will be handed to the American people and the Democratic Party will see that it gets paid.





George II

(67,782 posts)
21. I have no idea what "late stage capitalism" is. Something new? I'd like to see all these.....
Sat Apr 11, 2020, 08:53 AM
Apr 2020

...."socialists" survive a week without dreaded capitalism.

Put away the phones, get off the computers, buy a pen, paper, envelopes and stamps and communicate the way people did decades ago.

Does anyone think that we'd have cell phones and computers without capitalism?

ck4829

(35,304 posts)
23. I'm not sure those things are good examples
Sat Apr 11, 2020, 09:00 AM
Apr 2020

Seeing as they are made by people living in a communist country.

Late-stage capitalism refers to the absurdities of our current capitalist system and the latest attempts to make a buck off of it... The Dow celebrating despite record unemployment, foreclosure proceedings over a dollar not being counted in the payment, medical debt collectors and bankruptcies from medical debt, us having a "war on drugs" but Purdue Pharma being the biggest drug cartel of all, companies going under but the poor beleaguered CEOs get "golden parachutes" while those who didn't mismanage the company get nothing, men getting away with rape and killing because of their "affluenza", and so on.

Instead of participating in a false dichotomy of "AnY CrItICiSm oF GLORIOUS CaPiTaLiSM MeAnS YoU WaNT SOCIALISM!", why can't capitalists just be better?

Be better than this, capitalism.

Of course, daring capitalism to be even better than it was is probably SOCIALISM too, yes?

The Wizard

(12,668 posts)
24. Like sharks on a feeding frenzy
Sat Apr 11, 2020, 09:05 AM
Apr 2020

predatory capitalism will devour itself. When there's only one shark left the species is extinct. Melville addressed this in "Moby Dick" which was published around the same time as "Das Kapital" in which Marx described unfettered capitalism as self destructive. Trying to explain this concept to Republicans is akin to pissing into the wind, you know, socialism is evil excepting when they are dependant on the safety net and other services that enhance the common good. Republicans don't process critical thinking and conceptual learning that well.
I have a friend whose entire family is receiving social safety net protections and his biggest concern is undocumented workers who don't look like him (darker skin). Little does he realize that the aliens he hates pay into the Social Security trust fund that keeps him above water.
Pox News has its audience that they are all victims of aliens and socialists and Democrats, all of whom should be destroyed. That they derive pleasure from the suffering of others speaks volumes about their faith related twisted morals.

Latest Discussions»General Discussion»When late stage capitalis...