We long ago reached the point where the social relations of production became incompatible with further development of the forces of production. It's more profitable for private equity and other vulture capital to buy up productive capacity, and asset-strip and enshittify it.
@KevinCarson1 In other words, tech ain't gonna get us out of this mess, because it wasn't tech that got us into this mess. Our problems are political.

@KevinCarson1
Capitalism relies on rewarding "excess value" to people who own capital, but what exactly does that mean?

"Excess value" simply means that the people who actually do the work aren't getting paid the full value of their labor and the cost of the products or services they provide don't reflect their actual value.

Enshittification is the very core of capitalism.

@KevinCarson1 we've been capable of entering a post-scarcity society for at least the past 50 years. As Buckminster Fuller wrote in 1970 "We must do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest."

@hyc @KevinCarson1 also someone's income is less than ever linked to their contribution to society.

Otherwise paramedics and ER surgeons would earn more than banksters, and firefighters more than insurance brokers.

@KevinCarson1

It's one reason why there isn't a cure for cancer. Or diabetes. Or heart disease.

Cures do not profit corporations to the same degree as treatments.

@KevinCarson1 For example, we can definitely recycle uranium. In fact, over 99% of all nuclear waste can be reprocessed and reused. Be we *don’t* because it’s simply more “economical” to mine more uranium.

I want to close the nuclear fuel cycle and make it the true renewable energy source it was always meant to be.

@KevinCarson1 This line of research was pursued in the 1970s and 80s as known uranium deposits were beginning to run out. Unfortunately, a lot of the funding for this research dried up as soon as new deposits were discovered. At the current rate we’re extracting, we’re going to start running out again right around the next decade. I’d much prefer it if we had some breeder reactors set up when that happens.
@KevinCarson1 In the end, Runaway Capitalism is every bit as bad as Communism.

@jamesrado @KevinCarson1
Capitalism was always worse than communism. By a humongous margin.

"In 40 years, between 1880 and 1920, British colonialism killed 100 million Indians and, according to research by economic historian, Robert Allen, extreme poverty in India increased under British rule, from 23% in 1810 to more than 50% in the mid-20th century."

https://www.aljazeera.com/amp/opinions/2022/12/2/how-british-colonial-policy-killed-100-million-indians

How British colonialism killed 100 million Indians in 40 years

The extraordinary mortality rates in India between 1880 to 1920 were no accident.

Al Jazeera