this post was submitted on 02 Apr 2026
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Late Stage Capitalism

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[–] heyitsmikey128@lemmy.world 3 points 1 week ago* (last edited 1 week ago) (9 children)

What's annoying is that socialism and capitalism are not opposites. Yes, capital is needed to produce more than before, but If a community bands together to buy a factory to build clothes better and faster, that's socialist capitalism and works well. The problem is people gaming the system and stepping on peoples faces to keep all the capital for themselves.

Edit: thank you all for the comments, you all were right, I was taking the focus of the word "capital" and conflating it with "capalism". I was trying to say that aquiring capital is a worthy venture in general, however I see the argument is with private ownership (i.e. the definition capatilsm).

[–] Doc_Crankenstein@slrpnk.net 1 points 1 week ago (1 children)

They are diametrically oppositional and anyone who says otherwise is completely ignorant of political theory.

Capitalism is an economic system which utilizes a system private ownership over the means of production. Socialism is a system of collective ownership. You cannot have private and collective ownership simultaneously.

Do not confuse capitalism with commerce.

[–] Ravel@sh.itjust.works 1 points 1 week ago* (last edited 1 week ago)

You cannot have private and collective ownership simultaneously.

Well, there is state capitalism like China, where production is theoretically owned publicly via representatives of the people, but in practice is more like private ownership with extra steps.

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