Often, we talk about the contradictions of capitalism inevitably causing economic crises, but what are those contradictions?

  • MathVelazquez [he/him]
    ·
    3 years ago

    That in every industry under capitalism, it is a race to the bottom. You cannot compete as a capitalist by playing fairly and compensating your workers well. Other capitalists will inevitably undercut you and drive you out of business. Additionally, it is a race to the bottom for the workers since they must bid themselves at lower and lower prices to compete for jobs. Capitalism requires constant growth into new markets or expanding with new products, they cannot sustain themselves off of stagnation. The "fair" capitalist that is satisfied with their company will be forced to compete or they will swallowed up and eaten by competition.

    Secondly, capitalists tell you to enact social change by "voting with your dollar." Of course that means those with more money get the most votes.