without human influence or directive, capital ceases to be become anything meaningful beyond [insert data type] at which point, it spreads like a cancer, ie: universal paperclips
Capitalism is revered due to how it has significantly impacted the living standards of populations that participate in it. But increasing the living standards of populations was never the purpose of capitalism, it was a simply a side-effect.
Capitalism started with the East India Company. That is the real Capitalist world choice. We treat our strongly regulated society as 'Capitalism' for some reason (while the Capitalists tell us we need to get rid of all the regulation that keeps them in check).
Capitalism left to it's own authority creates payment in company scrip and company towns. Capitalism WANTS labor trapped with company script/company towns. Just because society outlawed that doesn't mean Capitalism isn't working in other ways to recreate that. What Capitalism does not want is empowered labor or labor lifted out from dire situations. Society is what has done that, not Capitalism.
Without strict government oversight Capitalism is horrible and gives horrible results to society at large. It just has done an incredible job of painting modern society as Capitalism and claiming all benefits of things that aren't inherently from Capitalism but from Government oversite.
without human influence or directive, capital ceases to be become anything meaningful beyond [insert data type] at which point, it spreads like a cancer, ie: universal paperclips
Capitalism is revered due to how it has significantly impacted the living standards of populations that participate in it. But increasing the living standards of populations was never the purpose of capitalism, it was a simply a side-effect.