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24 Feb 2020 11:17:11 UTC
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Will Capitalism Die? What Comes Next?
At every point in human history, people have publicly and boisterously claimed that “the current system is the best system and there will be no better system”. Kings and Queens would proudly proclaim supreme autocratic power by divine right with their subjects having no rights to limit their power. Monarchs were chosen by God himself and therefore Absolute Monarchy was seen as the one and only true way of ruling a nation. Feudal Lords would openly proclaim that they were the protectors of the peasantry (that is, the working class who swore allegiance to their Lord). Feudalism was by far the most fair and efficient way to manage society. But in reality, peasants were being exploited for their labour and were kept in line through strong-arm tactics and threats of violence. Unsurprisingly, these systems failed, or at the very least, evolved. Their proponents were wrong. There is always a better system. It’s just that at any point in history, it’s very hard for people to see. Currently, the world is pretty much in a universal state of capitalism. Even the biggest communist countries are still essentially capitalist. Proponents argue that capitalism is the best system that has ever existed (and they may well be right). “It is the most efficient and fairest system for all in society”. That sounds very much like the ruling kings of old. Of course it’s not the best system, just as feudalism wasn’t the best system. The difference between feudalism and capitalism is that workers in a capitalist society are in theory free to work for themselves or for others as they choose. But in reality, most workers have as little control over their lives as did their feudal counterparts. Essentially in a capitalist system, we choose our Lords instead of them being chosen for us (at least, to some extent). If you work for a company, you must do what that company ask of you. Failure to do so will result in you losing your job and income, potentially sending you and your family into poverty. Capitalism, in my opinion, is just a nicer version of feudalism. We are essentially peasants in suits.

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