In Capitalist nations, the further we are from the era of peak Unions and in general civil society movements (which was just after WWII) the slower infrastructure improves from one year to the next, something visible not just in trains but at all levels (even National Health Services for those countries which have them).
The same thing will happen in China now that they’re getting more Capitalist than Socialist.
It was never the Capitalist part doing the kind of improvements that benefit most people, it was the stuff outside Capitalism (that used it as a Trade Philosophy only) constraining it and guiding it for policy ends which were independent of Capitalism.
This of course accelerated with Neoliberalism, since that stuff is mainly about making Capitalism the sole definer of policy, or in other words make Capitalism unconstrained and unguided by interests other than those of Money.
Capitalism is reasonably decent at optimizing Trade in the short and mid-term, but is completelly shit for non-Trade interests such as Quality Of Life, as well as for anything which doesn’t have direct action-consequence links cycles such as situations whose negative effects are very delayed in time or emergent in nature (i.e. things that appear due to the accumulation of the actions of many actors, such as Global Warming).
UnderpantsWeevil@lemmy.world 1 day ago
China: “We’re working on our next five year plan, as part of a grand fifty year plan for full national modernization. We haven’t had a recession in 40 years and we’ve functionally eliminated poverty within our borders. We’re currently working on a network of trans-continental railroads and global shipping lanes to bring our modern industrial capacity to the planetary scale. As we slough off the productive surge of capitalism and turn state owned enterprises into the foundation of our economic model, we are enjoying an era of wealth and social stability not enjoyed by any country on earth in human history. This is just as Karl Marx predicted, two-hundred years ago.”
American: “No, that’s just capitalism. You’re doing capitalism right now.”
Also American: “We invested another trillion dollars in VR that hosts an AI that makes bitcoins. Our GDP is up to 15 digits. No, we don’t care about our measles epidemic, it builds character.”
stickly@lemmy.world 1 day ago
American: “We invested another trillion dollars in VR that hosts an AI that makes bitcoins.”
China: “Sounds great, we’ll gladly make and supply 90% of all bitcoin hardware to make a quick buck off of your global ecological crisis machine (100% not capitalism I promise)”
UnderpantsWeevil@lemmy.world 1 day ago
Capitalism is when you… produce low cost surplus for general consumption?
What happens when you ban crypto trading and mining because its exploiting the SOE low cost electricity?
stickly@lemmy.world 23 hours ago
So long as the workers’ pockets are being filled, being the number one producer of literal trash, propping up global consumerism and burning the planet is irrelevant.
After all, it’s those dirty capitalists that forced us to pillage our own country and disregard our worker’s health and safety. But at the same time don’t forget that we’re the #1 shining world leader and those capitalist pigs can’t boss us around! 🇨🇳💪🇨🇳
Mniot@programming.dev 1 day ago
Capitalism is when there’s an owner-class controlling production via capital. It doesn’t really matter what they’re producing or at what cost or who’s consuming.