Episode 152: Capitalism - Myths, Machinery, Exploitation, and Colonialism

“Today’s episode dissects capitalism, challenging common misconceptions and exposing its exploitative nature. It contrasts capitalism with trade and commerce, arguing that it uniquely prioritises profit extraction. The author of the lengthy source article, Dr. Jaime Hoerricks, highlights the concept of surplus value, where workers are underpaid to maximise capitalist profit. Dr. Hoerricks discusses rent-seeking, colonial roots, and the myth of rugged individualism as key mechanisms that drive and sustain capitalism's inequalities. Ultimately, they urge readers to envision and pursue alternatives that prioritise human and ecological well-being.”

Here’s the link to the source article: https://open.substack.com/pub/autside/p/capitalism-101-beyond-the-myths-into

Let me know what you think.