this post was submitted on 18 Jul 2024
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There are a lot of capitalist countries that haven't collapsed yet. We'll need longer than our lifetimes to see proof that it can never work.
But I suspect that people in power just aren't good enough to keep it from going bad eventually.
It's more that it's unsustainable. Collapse can be delayed, but not outright prevented as long as the Tendency for the Rate of Profit to Fall exists.
It's already "bad," just constantly decaying.
I mean we do have a pretty good indication of a quite large impending factor which may cause a lot of them to collapse in the coming years, and which could collectively be attributed to them pretty well, especially within the last 50 years.