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RE: The Basics of Anti-Capitalism - Exploitation and Imperialism - Part One
the fed was established because the natural progression of capitalism is the centralisation of power into a few members of the ruling class and government.
https://www.marxists.org/archive/lenin/works/1916/imp-hsc/
This book explains it well
So essentially, either capitalism always collapses into whatever you call this, or whatever you call this is capitalism. IDC which you choose.
also because it annoys me. Capitalism is based off of the word capital, which is essentially private ownership of the means of production. So nothing about how free the people feel makes it more or less capitalism. That's ideology and is useless when describing material conditions of the world, which is what economics is actually for.
Centralisation of power in every way is no way a progression. Never was and never will be. Centralisation would be managable only ....and only if the central power would know what is doing. They would know all the details about every little town. They would fund them depending on the programme. Imagine that. And that is just...impossible. Centralization was always leading to bigger unrest and war. Don't worry, US is in totalitarian state. EU may be slowly going in that direction too. If you want to talk about capitalism....what we have now is Neoliberal-Oligarchic fascism. Books do not mean a thing. There was a book that said Adolf Hilter died in 1945 in Germany instead of 1962 in Argentina.....
Capitalism will always lead to centralization