I think the intrinsic flaw of capitalism is that it is a social power hierarchy. All power hierarchies invite abuse, such as producers extracting maximum profit on essential goods. Capitalism is particularly virulent and unstable compared to better-known historical power hierarchies for several reasons particular to it’s own scheme, but it’s core flaw is the same.
I think the intrinsic flaw of capitalism is that it is a social power hierarchy. All power hierarchies invite abuse, such as producers extracting maximum profit on essential goods. Capitalism is particularly virulent and unstable compared to better-known historical power hierarchies for several reasons particular to it’s own scheme, but it’s core flaw is the same.