Stephen Yearwood
1 min readNov 5, 2022

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I do appreciate the ideas expressed in this article, but I think we should distinguish capitalism from the features of a society dominated by it.

Capitalism is a mode of production: mass prodution for sales in geograhically extended markets. Prior to the Industrial Revolution mass production depended on bondage slavery: physically forcing people to be used as machines--or draft animals. With that Revolution came wage slavery: paying people to be used as machines or draft animals.

In both cases capitalism is a means of funneling vast amounts of money to very few people. Money is power. People with vast amounts of money use their power to shape society to suit their interests.

As Karl Marx pointed out, for everyone to have enough materially, mass production with geographically extended distribution is necessary. In short, capitalism is necessary. The attempt to accomplish that without profit-seeking ended with the state as the capitalist in a completely dystopian society. That was the U.S.S.R.

What is needed is a way have a just economy as part of a just society with capitalism. If I may, I have developed a way to accomplish that feat: "Finding One Way Forward" (here in Medium, but not behind the paywall). It wouldn't be Utopia, but it would be the best that civilization has ever been.

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Stephen Yearwood
Stephen Yearwood

Written by Stephen Yearwood

M.A. in political economy (money/distributive justice) "Please don't confront me with my failures/ I'm aware of them" from "These Days," as sung by Gregg Allman

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