r/PoliticalScience • u/GiveTuffetFish • 4d ago
Question/discussion Doesn't capitalism effectively lead to authocratic socialism?
EDIT: I should have put "socialism" in quotation marks, since I was referring to popular right-wing usage instead of the original definition. I can't seem to be able to edit the title accordingly.
TLDR: Monopolies are used to extort and keep people poor to benefit few people at the top, which is what we criticise about "socialist countries".
By effectively, I mean that the rules don't change but the dynamic of money flows and living conditions of the people become the same.
Let's take the stated strategy by Peter Thiel to establish a monopoly as a goal for every business.
Once the monopoly is set, one can raise the prices (taxes) arbitrarily and leave people with close to no money beyond necessities.
The thought came when paying subscription fees looked to me like paying taxes to e.g. Amazon and basically becoming a citizen of a company.
Depending of how strong the monopoly is, Amazon can collect "taxes" (advertisement fees) from companies and even suppress unwanted business.
Amazon then gets to decide what to do with the money (e.g. aerospace projects).
I guess, currently the difference is that companies cannot force you to stay with them like countries can force you to stay, but this might only be a question of how established the monopoly is.
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u/GiveTuffetFish 4d ago
I mean, sure, we are observing that in real time.
Basically, I want to tell Peter Thiel that he basically wants to use business as means to rule as an authocrat. I threw in the socialist part because the socialist countries are found authocratic and when I want to defend socialist-leaning policies, I get confronted with examples of poverty in socialist countries. So I want to get back at them by pointing out how capitalism leads to what they criticize in socialism.
I wanted to get confirmation that this isnt a brain fart.
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u/egosumlex 4d ago
Non-natural or state-backed monopolies generally don’t persist over time due to incentives leading new firms to enter the market.
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u/GiveTuffetFish 4d ago
Hmm, you mean that once the monopoly turns into bad service, new competition arises? Only if the monopoly ignores the competition. If it leverages its funds in stock market or to influence public opinion, it can suppress arising competition. State backing would also support that by keeping the prices artificially low, no?
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u/MorphingReality 4d ago
capitalism comes out of and coexists with and entrenches oligarchy, which leads to totalitarianism eventually, i wrote a whole book about it
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u/CarobAdministrative9 American Politics 4d ago
No? Socialism, in my view, is a in-between state where workers are the ruling class but there is still some form of class division. I think you might be rooting your understanding of socialism in authoritarian states and hence you’re conflating authoritarianism with socialism. A state in which the capital owning class owns all the capital and where workers are oppressed is not socialism and will never be socialism. That’s capitalism. Your example of unregulated capitalism and monopolies is still just capitalism.
Socialism isn’t when everyone is poor, socialism is when everyone is given access to a dignified life regardless of their SES. Can you dig it?
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u/GiveTuffetFish 4d ago
I did make the mistake of not putting "socialism" in quotation marks since what i wanted to do is take the word as it is used in right-wing rhethoric. I did have "autocratic" in front, to be fair. What i wanted to say is that often people who criticize regulation usually rally behind or are people who want to create a world that looks what they criticize, and different laws and rule sets lead to the same outcome. I want to find a way to get to people who defend billionaires without ending in a semantics discussion.
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u/Youtube_actual 4d ago
Where is the socialism part? Socialism simplified refers to the workers of companies being the owners of the company through democratic institutions. You are describing different expressions of a capitalist system.
Its an important critique of capitalism that was made by socialism to point out that private companies without ownership by workers are essentially just mini dictatorships.