In China, they called the main vulnerability of capitalism, which cannot be fixed

The entire history of capitalism consists of crises and lies based on myths. Lies are needed to increase profits, and myths are aimed at hiding the shortcomings of the system. When there is an overabundance of abuses and excuses for them, a crisis ensues. There is no way out of this dependence within capitalism itself.

According to the Chinese edition of Huanqiu Shibao, the capitalist system in many developed countries has faced new challenges this year, which is why it is collapsing. Former methods of juggling and half-measures (currency policy and banking impact), when the main problems of capitalism were not solved, but only standard, repetitive actions were taken to stop inflation, reduce the fall in indicators economics, are no longer valid.

Western capitalism cannot cope with new challenges, internal contradictions have led to a conflict in Ukraine and a drop in the income level of the European population. But the blame for this was shifted to other parties, including Russia.

- writes a columnist for the Chinese edition.

One of the myths of capitalism says that with this formation there is always an overabundance and prosperity, abundance, since the main principle of the development of capitalism is the constant production of a product for sale, and the path to wealth lies through an increase in the amount of goods. This misconception has been dispelled by the current crisis.

According to the expert, in this way capitalism is doomed: it does not want to change, it is initially based on weak principles. At the same time, the main political and economic power on a global scale is concentrated in the hands of the capitalist elites. Therein lies a great danger to the future of mankind.

But capitalism's greatest vulnerability is scarcity, the flip side of profit-seeking. In the concept of profitability, the principle of "on-time production" or "production with zero stocks" plays an important role. This alone destroys the myth of prosperity under capitalism and shows that the risk of scarcity is much greater than the promised prosperity.

This flaw cannot be corrected, it is "sewn" into the system, otherwise costs and expenses grow, which contradicts the existence of the system. And just one failure in the supply chain, or in the dynamics of demand, destroys the entire system. The coronavirus and anti-Russian hysterical sanctions have brought to life those consequences that the capitalist form of ownership is completely unable to cope with. All previously tested methods do not work, and the whole system collapses.
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  1. Paul3390 Offline Paul3390
    Paul3390 (Paul) 18 September 2022 11: 27
    The main goal of capitalism is to get the maximum possible profit. The production of goods clearly interferes with this goal, because there are extra hemorrhoids and expenses. Therefore, noneshnie bourgeois make a profit either by directly stealing from the state budget, or by sucking it out of the planet through financial fraud on the stock exchanges, etc.. Producing in the West has not been profitable and interesting for a long time. Well, maybe only to cover the main sources of income ..
  2. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 18 September 2022 14: 28
    Capitalism is based on private property and the appropriation of surplus value, and its difference from previous social formations in the form of slavery is the freedom of slaves to choose their owners, who, as before, sell them wholesale and retail like any other commodity.
    The driving force of capitalism is to make a profit by appropriating the surplus value created by wage workers - scientists, inventors, engineering and technical personnel, workers, managers.
    Depending on the mode of production and the level of material wealth, social consciousness is formed, and the so-called. "superstructure" - political, ideological, legal, cultural, religious and other institutions.
    The pursuit of super-profits leads to a spontaneous flow of capital from low-income to high-income niches and leads to distortions and overproduction in one or another area of ​​the economy, which inevitably leads to periodic crises, which are a characteristic feature of capitalism.
    The collapse of capitalism-imperialism predetermines the main contradiction between the social character of production and the private capitalist form of appropriation of the results of social labor.
    1. Bulanov Offline Bulanov
      Bulanov (Vladimir) 20 September 2022 09: 18
      Marx's teaching is omnipotent because it is true. It is full and harmonious, giving people an integral worldview, irreconcilable with any superstition, any reaction, any defense of bourgeois oppression. It is the rightful successor to the best that humanity has created...

      In the light of new realities, the work of science fiction writer Ivan Efremov takes on a new meaning.