As feudalism was collapsing, a new way of extracting the surplus wealth from the direct producers had to be found. The invention of capitalism was the answer to this need.
We are now living in a very unequal world and will continue doing so.
Here are a few thought provoking Quotes.
“Capitalism is that commercial system in which supply immediately answers to demand, and in which everybody seems to be thoroughly dissatisfied and unable to get anything he wants.” – How to Write a Detective Story, The Spice of Life.
“Business, especially big business, is now organized like an army. It is, as some would say, a sort of mild militarism without bloodshed; as I say, a militarism without the military virtues.” – The Thing.
“Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing.” – Reflections on a Rotten Apple, The Well and the Shallows, 1935.
“The world will very soon be divided, unless I am mistaken, into those who still go on explaining our success, and those somewhat more intelligent who are trying to explain our failure.” – Speech to Anglo-Catholic Congress 6-29-20.
“The future is here, it’s just not evenly distributed yet.” It was a clever phrase when William Gibson coined it, but now it is well past its expiry date: it has become a lazy way to brush aside questioning voices. (85)
- The Internet makes communication cheaper, but it wrong to say it “democratizes the control of information”. (121)
- Facebook does not “want to strengthen the social ties that allow humans round the planet to connect, organize, converse, and share”
No hours contracts. A form of modern day slavery.
There has never been such a high number of poor. By poor I dont just mean those living on $1-$5 a day I mean those deprived of opportunity in the World.