No, you’re confusing trade itself for capitalism, and severely downplaying the immense siphoning of material wealth that goes on, especially at an international scale. Capitalists steal the value created by workers, workers are not on an even playing field with capitalists. They sell the only commodity they can, their labor power, while capitalists leverage their ownership of capital to fix labor prices around subsistence wages.
Regulation can’t fix capitalism or save it from the tendency for the rate of profit to fall. We need to move onto socialism, where public ownership is the principle aspect of the economy and production and distribution are oriented towards satisfying needs rather than profits.
The siphoning of material wealth occurs everywhere, including China, former Soviet union, Cuba, Venezuela, North Korea, etc. It’s not a capitalism thing, it’s a human thing.
No, you’re confusing trade itself for capitalism, and severely downplaying the immense siphoning of material wealth that goes on, especially at an international scale. Capitalists steal the value created by workers, workers are not on an even playing field with capitalists. They sell the only commodity they can, their labor power, while capitalists leverage their ownership of capital to fix labor prices around subsistence wages.
Regulation can’t fix capitalism or save it from the tendency for the rate of profit to fall. We need to move onto socialism, where public ownership is the principle aspect of the economy and production and distribution are oriented towards satisfying needs rather than profits.
The siphoning of material wealth occurs everywhere, including China, former Soviet union, Cuba, Venezuela, North Korea, etc. It’s not a capitalism thing, it’s a human thing.