We will never return to capitalism as we know it

[Broly46]

We were at least? The data on life expectancy may be looking to go up but not for people poor since 2008, or for people who were fairly wealthy....

Do you know what middle class was here in the '90?
We were not poor but a car was out of reach, no color tv, waiting for lines for a fridge, a washing machine, the countryside had no phone landlines, no running water, no gas, only electricity and that only enough to power radios or light bulbs, plug in a s9 miner and you would leave a whole town in darkness  
Of course no internet, no personal computers, ..air conditioning? Lol!!!! Air conditioning?  
And yet we were not poor!
Compare that life with what a poor family has let's see who is having a more comfortable life.

At the beginning of the century, you were poor if you couldn't afford glass windows, now you're poor if you can't buy the newest Iphone! (pun!)

That’s what I called living the future, from keyboard to touch screen, from 2008 to 2020, we changed from keyboard to touch screen. From can’t afford glass windows to can’t afford latest iPhone. From bicycle(in 90’??) to car, it’s future! That’s sound meaningless, clearly defending a losing envaedor. The thing that bitcoin exist isn’t to promote capitalism, I don’t know whether it’s still a thing today in bitcoin community, I believe it’s about fair distribution of wealth, especially distributing the fund to the knowledge based community, may be bitcoin was mean to help the person who was once highly knowledgable Ivy League graduate who after leaving school and getting trashed under a capitalism working environment where their knowledges has found no place to be utilised but they resort to office politics to survive the careers, where schools are often face with short of funding from the govt because you know people don’t value knowledge, they just want to destroy knowledges, burn the scholars alive so they can’t make noise, bury them alive. When I look at Vitalik Buterin, and I look at friedcat(username), I think they’re very knowledgeable and they know what they’re fighting for, the utopian society where knowledgable people are getting reward, and lazy people get punished, but I think it’s challenging task.

[1715588935]

1715588935

[1715588935]

1715588935

[1715588935]

1715588935

[1715588935]

1715588935

[1715588935]

1715588935

[FanatMonet]

Each theory can live, but most of them die. So it was with communism, so it will be with capitalism. Maybe not now, but someday he will not be either, and something new will come to replace him, which will be convenient to meet the demands of both the upper and lower classes.

[Darker45]

I don't agree that we are at the end of capitalism. Capitalism is a broad system. It cannot just end as if a fully different system will take over. There is only change within capitalism. I believe the system is dynamic; it adapts to changes. Even in a country as China which officially calls itself a socialist country, there is capitalism.

Modern economic policy-making has never been a one-man show. Inputs from various sectors are not shunned.

Maybe if there be a new system, we could say a system called neo capitalism   .

Which is not even new. Neo-capitalism has been here for several decades already. It is basically a tamed version of capitalism; one which is somehow not very selfish. Neo-capitalism is basically a hybrid system; one which is open to government intervention, in contrast to laissez-faire capitalism. This is somehow a balanced system in that it seeks social well-being aside from the usual profit.
 
The point is, there is no end to capitalism. It evolves, of course. Again, it adapts to changes.

More here: https://www.worldatlas.com/articles/what-is-neo-capitalism.html.

Each theory can live, but most of them die. So it was with communism, so it will be with capitalism. Maybe not now, but someday he will not be either, and something new will come to replace him, which will be convenient to meet the demands of both the upper and lower classes.

Capitalism is not just a theory. That is exactly the kind of society we are living now.

Communism is different. It was never really practiced. It won't die because it has never gained life in the first place.

[senin]

We are not going to return to capitalism as we know but the same goes to socialism as well.
There is not any viable system that could be the one or the other.
It will be a mixture of the two in order to keep a balance in metrics that cannot be improved in capitalism or in socialism itself.

Socialism and capitalism were invented by people. These are far from ideal social systems. At the same time, everything moves and develops. We really will not return to the society in which we lived earlier. Now the edges of capitalism and socialism are being erased, we are moving towards the creation of a society that is not in the textbooks. Perhaps we do not need any political superstructure. We will simply develop, observing universal human values.

[el kaka22]

There is no way public would ask questions like that, there is no way it will happen in the future neither, the world gets progressive but only for the human rights stand point and not for the money points. You know who pays the politicians? The companies, you know what those companies care about? Their money.

Doesn't matter if it is a republican or a democrat, they will pay for that persons whole life until that person is either elected or retires, they do this with every single politician they can and eventually one of them becomes president. Long story short in the world of politics if you want to be progressive about abortion rights, gay rights, minority rights, or any other right that is a bit more "marginal" compared to past like weed legalization and so forth, you can fight for that, there is a chance progressives win and they usually do win after decades of fighting, but when it comes to economy, it will always be right wing win.

[abhiseshakana]

Socialism and capitalism were invented by people. These are far from ideal social systems. At the same time, everything moves and develops. We really will not return to the society in which we lived earlier. Now the edges of capitalism and socialism are being erased, we are moving towards the creation of a society that is not in the textbooks. Perhaps we do not need any political superstructure. We will simply develop, observing universal human values.

We can take it from the right and pull from the left and then combine the positive points of both of course by adjusting the timing and the problem. There is no pure socialist state and no pure capitalist country now.

In addition to knowledge, there is one system that is considered to be able to combine the two main points of socialist and capitalist teachings namely the Islamic economic system whose core teachings are all centered on the creator of matter, not the goal but only a tool to lead to the creator. In Islamic economics there is no prohibition on being a capitalist, it's just that the more wealth owned, the greater the obligation of zakat (must be done and sinful if not carried out implemented) that must be distributed to others in need. Besides that in the Islamic economy, there is also a suggestion to share (if not done is not sinful, if done is rewarded)

If in the capitalist and socialist laborers are exploited in the teachings of Islam the worker is close to God, his wages must be paid immediately before his sweat dries. In addition, resources related to the lives of many people are controlled by the state to be used for the benefit of all humans, because the natural wealth belongs to God not to be owned by a group of people.

[bitbunnny]

That is probably true. Capitalism will survive but probably will change and modify.
After this pandemic world is heading towards probably very long and deep economy and financial but also social crisis. Relations in our society will change, as well as attitude towards human rights and whole world might become even more restrictive.
Capitalism definetely isn't ideal model but so far we haven't invented anything better, so it will survive. However, now it's the time for changes and improvements.

[Lance203sin]

End of capitalism? All privious crisis only made capitalism stronger. We just dont have good alternatives right now