Late Stage Capitalism

6066 readers

40 users here now

A One-Stop-Shop for Evidence of our Social, Moral and Ideological Rot.

(It is also the official version of r/LateStageCapitalism/ on the Fediverse)

This community is for:

News, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge the narratives which act as legitimations for the status quo of modern class society. Posts need not be about capitalism specifically, whether late-stage or otherwise; we simply aim to cater to a socialist audience.

We do allow links to threads and comments on Lemmy/Reddit, as long as they are relevant to the content guidelines and follow the rules. Use NP links, or your post will be deleted.

Philosophy:

This community has its roots in broad-based anti-capitalist thought, with an emphasis on Marxist concepts and analysis and a commitment to antiracism and inclusive feminism.

When it comes to proposed alternatives to Capitalism, it is the general consensus of this community that class-divisions and alienated labour must be abolished; production must be collectively organized by the laborers themselves for the direct benefit of all. We call this socialism.

Find out more here: The Principles of Communism

Rules:

1. Lemmygrad-wide rules apply. Behavior such as brigading and harassment won't be permitted. Neither will posts that can be interpreted as explicit threats of/calls for violence.

2. Any post that makes a claim should have a RELIABLE source or explanation in the comments by OP. All claims, news articles, tweets and so forth that are an example of LSC should be substantiated with a reliable, factual and verifiable source. Any posts that egregiously break this rule will have their poster temporarily banned. If the Automoderator deletes the comment with sources that's fine, the moderators can still see and restore it.

3. No trolling. "I was just trolling" won't be accepted as a defense for breaking rules, and we will ban for intentionally disruptive behavior or attacks on our community, users, or philosophy.

4. No capitalist apologia, anti-socialism, or liberalism. This community is intended for a socialist audience, and while good faith questions are allowed, pushing your own counter-narrative here is not. We do not allow support here for capitalism or for the parties or ideologies that uphold it. We are not a liberal or (U.S.-/Social-) Democrat community; we are a socialist community.

5. No imperialism, conservatism, reactionism or zionism. This includes not just ideologies to the right of liberalism but also right-wing fixations such as national/ethnic/cultural chauvinism and military/police worship regardless of the underlying ideology. We take no side in the Russia/Ukraine conflict.

6. No "lesser evil" rhetoric. Lesser-evil rhetoric in relation to elections or current policies is prohibited. Dismissing voting third party because they are “useless” or because you are “throwing your vote away” also violates this rule. It also encompasses saying Trump is “worse” for Gaza, as that place is already completely destroyed. Trump is merely carrying out what the American ruling class started under Biden. Resorts being built and mass relocation were already happening under Biden and Kamala would’ve continued it.

7. No bigotry. No racism, sexism, homophobia, transphobia, ableism, or classism. The respect for readers who are subject to these forms of bigotry takes priority in this community over your right to speak freely.

8. Be nice to each other. Be respectful towards other socialists you disagree with, but also non-socialists who follow the rules and participate in good faith. Feel free to dunk on trolls, bigots and bootlickers to your heart’s content.

9. Bans are at moderator discretion. We reserve the right to eject users (as well as remove, lock, or otherwise moderate any content on the community) for reasons not listed if we consider it necessary to do so.

10. Don’t bother sending us personal promotion requests. We are not an advertising platform for your blog or YouTube channel.

11. Do not post content from Dan Price, any other CEO/business owner or ANY liberal politician/official.

This is regarding positive posts or posts agreeing with their statement. Negative posts are permitted but better suited to communities like /c/ShitReactionariesSay

Please note that Robert Reich or Bernie Sanders as liberals also fall under this rule.

12. Do not post NSFL content and flair NSFW posts accordingly. NSFL posts will be removed. Flair NSFW posts with the appropriate content warning flair, otherwise you will be banned temporarily.

13. This is not a debate community. Constructive questions and discussion are welcome, but our basic philosophy is non-negotiable and we aren’t interested in repeatedly having to explain or justify it. We also won’t debate about so-called “socialist” countries. There are plenty of political debate communities, so take your 'gotchas' there.

14. No AI generated content. The community does not allow for AI generated content, even if it’s pro-socialist/communist.

founded 6 years ago

MODERATORS

muad_dibber@lemmygrad.ml

ilir@lemmygrad.ml

The truth about inflation (animated explainer) (youtu.be)

submitted 2 years ago by SovietReporter@lemmygrad.ml to c/latestagecapitalism@lemmygrad.ml

3 comments fedilink hide all child comments

top 3 comments

sorted by: hot top controversial new old

[–] Ronin_5@lemmygrad.ml 5 points 2 years ago* (last edited 2 years ago)

So that was a load of crap that doesn’t go into the causes of inflation. Here’s a brief summary of how inflation actually works:

Inflation is when the value of a good grows IN PROPORTION to the value of money. Yes, both things have value independent of each other, and as such, we can see supply driven inflation if a country’s currency is devalued with respect to other countries, as it makes it difficult to import feedstock.

There are two primary causes of inflation: supply driven inflation, and demand driven inflation. Supply driven inflation is when not enough goods are produced, as with covid supply chain disruptions. Demand driven inflation is when demand grows with respect to supply, as with using graphics cards to mine bitcoin.

It should be noted that even these are market forces caused by suppliers and consumers, suppliers and consumers themselves don’t directly set prices. The people who own the suppliers do. They must read and manipulate market conditions in order to get the most profit out of their product.

During covid, we have had supply driven inflation due to supply chain disruptions, and hoarding to a lesser degree. However, when these issues have been resolved, we haven’t witnessed prices going back to normal. This is because the bourgeois have successfully read and manipulated market conditions.

In a way, what the bourge has done is a variant of the application of the mass line. They saw that material conditions had forced consumers to acclimate to higher prices, making the conditions ripe for another price increase. So that’s what they did, then they sold it as the new normal.

TBC

[–] words_number@programming.dev 4 points 2 years ago

This is brilliant! So few people get that. Also, polititians love to claim than public investments lead to inflation because of increasing state "dept". This has been disproven and you'll hardly find a serious economist claiming it since it's much more complex than that and depends on the kind of investment and political rules of course. But by claiming this, the public seems even more dependant on the extremely rich, because they are the only ones capable of investing (and thus earning). And it's a great argument for cutting any kind of social service. I think biden is a positive exception at the moment when it comes to this principle, but here in germany it is disastrous what the government does (and especially doesn't do) because of austerity that is proven to be harmful so many times just to keep up this lie about inflation and public dept that our children would have to pay back (bullshit!).

[–] TankieReplyBot@lemmygrad.ml 3 points 2 years ago

I found a YouTube link in your post. Here are links to the same video on alternative frontends that protect your privacy: