Comment on We live in a post scarcity information society and we still haven't moved on from capitalism.
betheydocrime@lemmy.world 9 months agoI would call monarchism a form of religious capitalism where the ruling class claims divine right as the methods to accumulate capital, rather than using financial means to accumulate capital
Cowbee@lemmy.ml 9 months ago
Certainly more hierarchical than Socialism, but also more than Capitalism. Fundamentally, the lack of a market for Capital separates Capitalism from Monarchism, the class dynamics of today are different from before. This is helpful to understand IMO when trying to see how to solve it.
betheydocrime@lemmy.world 9 months ago
Does the exchange of land between kingdoms via wedding dowries/treaties/violence fulfill the definition of a “market for capital”?
Cowbee@lemmy.ml 9 months ago
Not really. Capitalism allows anyone to buy and sell Capital, whereas these more primitive exchanges aren’t the same. The Bourgeoisie are fundamentally different from the Aristocracy.
betheydocrime@lemmy.world 9 months ago
That’s pretty fair. It may feel impossible for me today to afford any capital, but if I were somehow able to accumulate enough money I would be legally allowed to own capital. Under monarchy, even if I got that much money, it would be illegal for me to purchase capital as an individual. That’s enough of a distinction to make them different for me, thanks for bringing it up.
intensely_human@lemm.ee 9 months ago
Kinda. It’s not a very efficient market, but a market doesn’t have to be efficient to be a market.
I guess technically any system of trade could be thought of as a capital market, as long as capital is for sale.