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Is it decaying or is it in full bloom? I assumed that rampant inequality was an acceptable feature of capitalism.
Inequality is a feature. Decay is when it's running out of runway and starts to turn catabolic. They eat each other, starting with the smaller ones.
A fascist regime helps to guarantee inequality. As capitalism decays, it gets worse for everyone who's not rich, leading to more inequality. But there are feedback loops, people rise up, workers form unions and go on strike, and so on. Fascism is there to make sure that the "right people" are getting the benefits from the economy, they police this social hierarchy. The racism and other bullshit is there to draw those contrasting lines between classes. It's always about exclusion. Economically, fascism embraces selective austerity. A middle class life for me, a miserable slave life for thee. So they align great with capitalism and liberalism in this economic sense. GDP 📈.
Them eating each other is a feature of capitalism. Can't maximize growth if you have competition driving down prices.
I don't mean just business "war", I mean violent takeover, assassinations, corrupt officials doing big favors, mafia shit. Fewer lawyers, more goons.
Rampant inequality is deemed acceptable in return for rising living standards of the general population. The top is getting greedy and refused to give a penny to living standards, and standards are going down, so of course the population is getting agitated.
Being an acceptable feature to those removed from the harm they're causing doesn't give their perspective any validity - nothing about the current state of affairs is sustainable, that's the point.
Oh, I completely agree. Just curious whether people see this a capitalism 'decaying' vs 'working as intended'.
I'm not sure I understand, since the two don't contradict - the system working as intended for capitalists, doesn't stop it from also being decaying, it is a literal inevitability of an unsustainable system that only ever works for a tiny fragment of a percent of the population.
I don't think I understand either :) If capitalism is decaying, how will it continue to work as intended for capitalists?
I don't think it necessarily will in their eyes, but as I see it, they view it in two ways that aren't mutually exclusive. Firstly, as capitalism decays, it could give rise to a system that allows them to exploit others even more mercilessly than they already do, and they're eager to reap the benefit of this development. Secondly, they think that their riches will allow them to escape the negative impacts of capitalism, regardless of what happens. Look at the billionaires buying up islands or building remote doomsday bunkers to escape to in the event things really go south. They fully expect that in the worst case scenario of extensive warfare, environmental crises and societal collapse, they'll be able to retreat into their castles, pull up the draw bridge over the moats, and live out the rest of their days in comfort while the rest of us suffer and perish.
At some point it won't anymore, but for many different reasons, they can't see/don't care.
First of all, as we mentioned, capitalism decays in to fascism, at which point (and why they actively working towards it) they will have even more power and less human rights to get in the way of the exploitation oppression and resource accumulation.
Then there's also the fact that, being so far removed from the rest of society and being the ones who make the rules, they don't feel like those should apply to them, not even rules of nature like "infinite growth is impossible in a finite world".
This also means that their view of reality is so warped they think they'll always be on top/secure. For example - they're all spending millions even billions on bunkers, but never stop to consider who will serve and protect them in that bunker and why anyone would still be willing to (when things get bad enough, their money will be useless), as well as what world they might come out to if they do survive. Never mind stop what they're doing to prevent the need for a bunker in the first place (to them, being equal to everyone else seems like a worse fate than global destruction).
The problem is that capitalism is a global cancer, and one fascist coming to their end doesn't mean the system that got them there has been destroyed, or even "fixed" (you can see this in the failures to de-nazify Germany after the war, or to de-racist America after it's founding, or de-monarchize? the UK for example), and that is why we say "workers of the world unite", because it will take a global effort, not only in revolution, but in creating an equitable, just, and inclusive foundation for something better to be built on out of the void (this will require mass deprogramming and unlearning of the social structures imposed by the kyriarchy, and re-learning solidarity, compassion, community, cooperation, and so on - all things that actually come naturally to us, but are beaten out of us by life under capitalism).
And now I've lost my train of thought, and I've probably rambled on enough, so I'm going to leave it there lol