this post was submitted on 12 Mar 2025
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Do you take capitalism as being where all values are considered as fungible capital, or where the goal is the pursuit of maximum capital? I was taking the second, but IMO the first is idiocy and the second is greed, and in 'capitalism' form I think both are refined versions of what humanity's had for a long time.
I can understand Adam Smith imagining a bounded degree of this, with a change to a different system/ideology later. And experience shows it can kind of work, and facilitate a lot of development and growth. But I stand by a basic caricature that capitalism is scientifically refined greed.