Wednesday, 29 December 2021

We are all capitalists, now.

"We are all big users of capitalism.  Overthrowing capitalism means overthrowing ourselves, doesn't it?"

Explain, please. Capitalism was an advance on Feudalism, but it is an exploitative and oppressive socio-economic system that needs overthrowing. Natural resources are not Capital.


Very many thanks, Bob.  Lovely to hear from you.

All I know about business is that you are supposed to survive by depending on income/sales and not on your capital reserves/savings/assets.  We humans do not survive like that, although we once did before we started ripping into our capital reserves of finite fossil fuels (fff) and every other mineral deposit.

I feel I have benefitted - and guiltily - from my 73 years of capitalism in the sense of living it up with all the finite fossil fuels I have burnt, brought to me by the big oil/gas companies.  They have grown rich and powerful but I, too have grown rich and done things undreamt of before we started exploiting fff so enthusiastically from the start of the industrial revolution in merry England and, Ironbridge (1779), in particular.

We are, in the rich North of the planet, living infinitely on a finite planet and unnaturally on a natural planet.  Very foolish and dangerous behaviour.  Hence, the urgent need for ecosocialism that is about social justice and much more sustainable and light footed lifestyles on the planet, in order to postpone extinction of all life.

Remember, successful business practice I am told is living off income and not capital reserves.
Successful living is not relying on something that is slipping through our fingers and, as we burn them all up, is very likely to be slowly turning earth into venus that has its own runaway greenhouse effect - as we are getting on earth or, now have.

Happy new year to you and yours

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