That’s not the problem with Capitalism, the problem with Capitalism is that decentralized markets through competition result in monopolist syndicates. The endpoint is one single, centrally planned monopoly, at which point public ownership and central planning along democratic lines is critical. We don’t have to wait for that point, but Capitalism cannot last beyond it.
Correct. In the long run every sector is going to end up like agriculture in the Midwest - all the land is in use, it’s just a matter of planting and harvesting the same way each year.
Infinite growth is impossible on a planet with finite resources
That’s not the problem with Capitalism, the problem with Capitalism is that decentralized markets through competition result in monopolist syndicates. The endpoint is one single, centrally planned monopoly, at which point public ownership and central planning along democratic lines is critical. We don’t have to wait for that point, but Capitalism cannot last beyond it.
Correct. In the long run every sector is going to end up like agriculture in the Midwest - all the land is in use, it’s just a matter of planting and harvesting the same way each year.