Skip to main content

Late-stage capitalism

Before you accuse me of being a socialist extremist, let’s examine the concept of profit. In historical times, societies bartered for exchange of services and everyone who specialized in some commodity could trade for something else. Therefore, the farmer who owned cows could provide milk to the person who made shoes and that person would in turn prevent the farmer from walking around barefoot.

As we advanced beyond the industrial revolution, we began to have mercantile and industrialist classes who grew their businesses to much larger sizes and in turn be able to publicly be traded and hence make money for speculators whose sole purpose was to make money for themselves or their clients. Hence, the objective changed from market economies based mostly on need to those focused on making the most capital; usually for a select few.

As the United States enters what is known as late-stage capitalism as identified by the German economist Werner Sombart, you will note that one of the features of that phase is the steady monopolization of services. Rather than have many suppliers provide numerous goods and services, it falls on a decreasing number of companies to do so and hence they can corner the market and possibly even collude to control pricing. For example, in the United States only a handful of companies (at last count I believe it was five) control all of media. Amazon is another example of a corporate giant that seems to just get bigger and simply swallow the competition whole. As the suppliers become fewer, fairness falls away from the equation and eventually the entire system collapses in on itself. The profit from these giants falls into a small and select number of people who can afford their shares and their gains do not re-enter the economy but are pocketed.

So when the 'raison-d’etre' of a capitalist system is mostly to generate capital, you have arrived at the absurd because eventually you run out of road. As less and less people can afford what you are selling the system collapses which is why the income inequality gap will grow until all implodes in the US.

That this was allowed to go on for so long can be traced to cheap labour from China and other low wage countries being abundant and producing low cost goods, but as those wells dry up as these nations emerge, workers who lost their jobs in the US will increasingly have trouble affording those wares in the future. So profit makes sense if it is measured and it is allowed to re-enter the marketplace but as it falls into smaller and smaller hands your economy is cooked.



Comments

Popular posts from this blog

One transgender woman's take on AGP

This entry from the transhealth website dates back to 2001 and it offers a very nice dissection of the now mostly debunked but still controversial AGP theory and how this transgender woman could care two cents about it. People who have been trying to marginalize the experience of gynephilic transwomen have pushed for the stigmatizing idea that they are actually perverted men. Well this soul, who couldn't give a hoot either way, isn't buying any of it and her frankness at times had me chuckling to myself as I read her posting. If we ever met I would give her a hug for seeing through the BS but mostly for being herself: "About a year ago I was reading on Dr. Anne Lawrence’s site about a new theory of the origin of trans called “autogynephilia.” This theory asserts that many trans women—and transsexual women in particular—desire reassignment surgery because they are eroticizing the feminization of their bodies. The first thing that struck me about it, of course, was t

epilogue

While this blog is most definitely over, I wanted to explain that part of the reason is that it was getting in the way of writing my next book called "Notes, Essays and Short Stories from the North" which will combine philosophy, trans issues, my observations on life, some short fiction and things that have happened to me over my life and continue to (both trans related and not). When it is complete I will post the news here and will be happy to send you a free copy upon request in either PDF or eBook format. All I ask is that you provide me with some feedback once you're done reading it. I'm only in the early stages so it will be a while. Be well all of you.... sample pages...

my last post

This will be my last blog post. When I wrote recently that this blog had another seven years of life in it I was trying to convince myself that it was true. It was in fact a little bit of self delusion. With almost 3,000 posts to date I have accomplished what I set out to do which was to heal myself and in the process share some of the struggle I had been through with others on the chance they might find some value in my words. After seven years of writing, my life still isn't perfect; no one's is. But I have discovered a path forward completely free of the trappings which society would have had me adopt so I could fit in. Over the last 25 years of my life I have turned over every stone I could find while exploring this topic and in the process realized that we haven't even begun to scratch the surface of this deeply complex subject. What I have ultimately learned is that my instincts have more value than what someone who isn't gender dysphoric writes about me. We