Many capitalists are losing their investments when the economy shrinks though, even if some benefit. The system as a whole needs growth, as all the propertied are expecting to continue accumulating constantly, as physical resources dry up, and workers can hardly be exploited any more.
It literally is though. In the middle ages would you have said “it’s not all feudalism, there’s actually some merchants too!”
So the current global market, as counted by GDP isn’t capitalism?
an economic and political system in which a country’s trade and industry are controlled by private owners for profit.
Oh, wait, you’re right. China’s socialist, so not the whole international system. Any given imperialist country still relies on growth to keep capitalism alive, though.
Many capitalists are losing their investments when the economy shrinks though, even if some benefit. The system as a whole needs growth, as all the propertied are expecting to continue accumulating constantly, as physical resources dry up, and workers can hardly be exploited any more.
That doesn’t contradict what I said.
The system as a whole isn’t capitalism.
It literally is though. In the middle ages would you have said “it’s not all feudalism, there’s actually some merchants too!”
So the current global market, as counted by GDP isn’t capitalism?
Oh, wait, you’re right. China’s socialist, so not the whole international system. Any given imperialist country still relies on growth to keep capitalism alive, though.
?