Capitalism Is Dying and the Empirical Data Now Proves It

So where do we go from here? Back to tyrant kings or on to communism?

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Editor’s Note

This is a guest post by Ted Reese. Ted is a big bad scary Marxist. (I personally think it’s insane to put more control in the hands of sociopathic power-seekers — which is why I’m against both a dictatorship of the proletariat and the metastasizing corporatism under which we find ourselves. As a Jesus-follower, I’m partial to Christian theocracy, in the sense of wishing societies were sane enough to order themselves according to the sovereignty and economics of the Bible, which includes land rights for all, a ban on interest, periodic debt jubilees, limits on profit, progressive taxation, a sound currency that doesn’t inflate, etc.)

But I like Ted, and his perspectives in this article are compelling. It’s heady stuff, but absolutely worth understanding. And, of course, no one should mourn the loss of undemocratic capitalism. It’s just the private human monopolization of God’s property at the expense of others.

In this article, Ted makes the case for the economic necessity of socialism. Those who take the time to understand his argument will have a hard time refuting it. They’ll have an even harder time suggesting a more interesting option than what Ted calls “automated luxury communism.”

There are 8 billion people in our global family, and we’re terrible at sharing. Ted suggests there’s a better way. He’s not 100% right, but he’s definitely not wrong.

Enjoy.

 — Jared A. Brock

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Capitalism is dying.

There’s now empirical data that proves it.

Today we’re going to look at the overall picture, the long-term indicators, the short-term indicators, and where that inevitably takes us.

(Hint: It’s either really bad or really good.)

Let’s dive in: