And that isn't going to last, take advantage of it while you can, America.

You can build domestic industry and jobs without this dumb shit. It's just going to reduce the purchasing power.

https://x.com/H0MOSUPERIOR/status/1841491682233061839

  • RedDawn [he/him]
    ·
    6 hours ago

    You're mixing up "capitalism" and "production/industrialization." The two are not one and the same.

    It sounds like rather, you’re confusing capitalization for capitalism. You don’t need to be capitalist to have capital, you do need capital to have industry/production.

    • SadArtemis [she/her]
      ·
      6 hours ago

      It sounds like rather, you’re confusing capitalization for capitalism. You don’t need to be capitalist to have capital, you do need capital to have industry/production.

      I don't have the energy for this atm so will try to reply later (if anyone else wants to help me out go for it). But just... No, IMO (as said a bit out of it atm) this sounds incorrect.

      Limited capitalization =/= capitalism, I agree (Dengism, or the NEP, etc. are examples of that). But I think we'd need to define what we mean by "capitalization" (the term which I was using since @BashfulBob@hexbear.net used it).

      The definition from a quick google alone as an easy (+lazy, as said not quite up for it entirely- someone save me pls cri ) answer would be essentially... Accounting.

      Thats understandably, not the context we were using (maybe innacurately, idk) the term "capitalization" for, given how it was first introduced into discussion (by @BashfulBob@hexbear.net ).

      I was using it (and put it alongside the term in parentheses many times) as essentially- "financialization."

      I guess where I'm getting at is "financialization" is not a requirement for industrialization or production.

      Also, of course, production (and thus actual value) and trade and/or the division of labor ("the actual economy") and all can exist without capital, and predate capital. And I'd go so far as to say that capital (not just capitalism- but capital) is not a prerequisite for industrialization, though it is certainly the most efficient and viable mechanism to promote it thus far.

      And even if we were to say that "all industry/production requires capital" - that does not mean that industry/production = capital. The two things are different, with the latter meant as something akin to a unit of measurement (and exchange) or the former.

      As Marx said:

      "Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks"

      While I wouldn't claim that labor = production/industry (though it certainly has far more correlation than capital and production), I think it demonstrates my point...