Explainer: Real Capital

This article follows on from the previous one in the series on explainers about capitalism “What exactly about capitalism means it extracts and exploits?“. We are gravitating towards offering a solution but we need to take a deeper look at what we mean by capital.

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What exactly about capitalism means it extracts and exploits?


Not crony capitalism, not raw capitalism, not capitalism in the hands of wrong people but capitalism itself is the cause of the environmental degradation and social misery we see around us. Capitalism offers the rules if you like, the players play by those rules, and the results are what we see. If I am going to say something this bold, I need to be really specific and present good arguments. Let me attempt that, but you will have to bear with me through some details. This is not rocket science, but the whole subject area has many branching ideas so you will need to look hard to see the path through the subject matter.

Continue reading “What exactly about capitalism means it extracts and exploits?”