this post was submitted on 01 May 2025
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What happens when everything gets automated under capitalism? Does it just become socialism by that point? (lemmygrad.ml)
submitted 7 months ago by SovietReporter@lemmygrad.ml to c/asklemmygrad@lemmygrad.ml
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[–] Comprehensive49@lemmygrad.ml 1 points 7 months ago* (last edited 7 months ago)

Yanis Varoufakis just put a new label on monopoly capitalism. Marx wrote about it already. The end stage of capitalism is monopolies everywhere who charge monopoly rents, because rents are the easiest form of profit. No investment, just money.