The Forum > General Discussion > Similarity between communism and capitalism
Similarity between communism and capitalism
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http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014_full.html#.VVAvPZOTauI
Victor Bien summed it up:
“Beyond a certain level having control of money like Scrooge McDuck is self-defeating and a threat to peace... Wealth is produced by economic activity. If people are rendered so poor they can't function the economy will go into a slump. It was prolonged slumps which worried Keynes because if left to go on for too long insurrection will start.”
We are hung up with words. The Soviet society was called communist. Our society is called capitalist. However, are they basically different? Modern societies whatever you call them rest on an accumulation of capital. The accumulation of capital could not produce sufficient wealth in the Soviet society because it was controlled by a stultifying bureaucracy. The accumulation of capital cannot produce sufficient wealth in our society because it is more and more tied up in a small class. Their society imploded. Ours may explode. However, I see a great similarity between the societies and the role of capital.
The Soviet society imploded largely because of the maldistribution of capital. Our society may explode for the same reason.