this post was submitted on 09 Jan 2022
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[โ€“] BlackLotus@lemmy.ml 0 points 2 years ago* (last edited 2 years ago) (1 children)

Capitalism, it was the new hot shit after feudalism, but it just caused colonialism, imperialism, and mass starvation because there has to be an enormous reserve army of labor. It also leads to cyclical economic collapses which impoverish more people at the bottom while enriching people at the top, creating an oligarchy.

[โ€“] xvf@lemmy.ml 2 points 2 years ago

Capitalism sounds like feudalism with extra steps.