Essexyellows
Well-known member
- Joined
- 7 Dec 2017
- Messages
- 17,310
I'd take issue slightly with your definition of capitalism.
Socialist, Communist and Marxist (and every other "ist" you care to think of) ALSO produce goods/deliver services. Capitalism does it with the express intent of making profit from it with the express intent of keeping the gains for the producer, rather than redistribution for everyones benefit.
No demand = no profit to retain.
Currently my bank account looks very healthy because the dripping tap of non-essential spending has been turned off.
Sadly the one size fits all of socialism doesn`t work either because everyone ends up poorer...except those in charge.
Better to accept the consumer controls capitalism and if we stop spending ......
Or we need a middle ground if we are to learn anything from the current situation.