Hacker News new | ask | show | jobs
by qubax 2821 days ago
The point of capitalism is to consolidate power around capital rather than a monarch, political party, government, nation or voting group. It's why capitalism can work in a democracy (US), communism (China) or monarchy (british empire). The point of capitalism isn't to escape it. Social or corporate advancement isn't capitalism. It's just everyday life. No more than a peasant in the soviet union progressing up the state ladder is communism. Capitalism is about who really runs things and who gets to have real power. In monarchy, it's obviously the king or queen. In communism, it's the politburo. In a military dictatorship, it's the general. In capitalism, it's the capital ( or those who control it ).