"capitalism" isn't really an -ism the same way all of the other -isms are because capitalism was not designed by intellectuals, it is simply the natural order of how humans interact and barter with one another in terms of trade, commerce, and employment
whereas communism and other -isms were thought of by autsits and meticulously planned out(which is why they're all shit), like I said, capitalism is simply the natural order of how people interact with one another in terms of commerce. you can't design the ideology because, like mathematics, it already "exists" and defining capitalism is simply making natural observations
saying that "capitalism" is going to "collapse" because of automation is like going back to 10,000 BC and saying that lightning shaman industry going to collapse because unga bunga caveman learn how to make fire with some rocks
Angel Howard
You're right and wrong.
Mises would say you're wrong because you don't understand institions change and develop in different ways. The exchange system fundamentally doesn't, that property will be there, but the properties of the exchange itself and how it is organized change the chemistry and makeup of the overall economic system.
Keynes would say you're wrong because government has, and will, direct investment. And this could create industries, not to mention entirely new branches of thought and knowledge.
Dylan Morris
This doesn't answer the OP whatsoever.
Stop being a pleb and actually read the question. Defining Capitalism does not answer the question. It is a definition in the guise of an answer.
Thomas Price
>saying that "capitalism" is going to "collapse" because of automation is like going back to 10,000 BC and saying that lightning shaman industry going to collapse because unga bunga caveman learn how to make fire with some rocks
Also, if you actually read the OP. You would know that the OP does not ask will it collapse because of automation but exactly the opposite.
Ryder Moore
Depends on your school of thought. Schumpeter believed that it was inevitable, but since he wrote CSD progress has advanced even more rapidly
Alexander Hernandez
>You're right and wrong. >*tips fedora*
Aaron Bell
"Capitalism" Duh, it's not like the economy exists on its own. People just think like that because they think food comes from the supermarket. Fucking delusional. t. Ecologist
Benjamin Nguyen
A post scarcity economy where most value is produced by machines, most people don't work and instead live off a universal basic income is possible. Is that a different system from capitalism?
Thomas White
It's not possible. Good luck
Christopher Morris
>Will Capitalism collapse when technological expansion/progression can no longer be made?
And what makes you think such a limit on technology and progress exists?