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the kind of financialized, extract-rents and move-money-around-rather-than-create-value, zombie/crony capitalism that we Bitcoiners also oppose.
they might refer to that now, but I'm pretty sure that's not what Marx and his early followers meant by it.
If I recall my marxian economics properly: they meant maximum intensity/exploitation of labor, until the point the workers revolt and capitalism collapses under its own contradiction.
We don't have that; we have the most privileged, high-income, good-life living brats screaming about inequality and "cApITaLiSM"! (which thye, btw, have spent about five minutes investigating)
I wonder how much friction there is in public discourse due to the different sides using words differently.
I can't remember who said it back in the day, but the best explanation in my opinion was that the use of captured terms doesn't serve to discuss a topic in earnest with any precision, rather it serves as rallying cry and for the speaker to identify themselves with the group they seek approval from.
I wonder how much friction there is in public discourse due to the different sides using words differently.
I do watch some progressive media and they like to use the term "late stage capitalism." What they mean by that seems to be precisely the kind of financialized, extract-rents and move-money-around-rather-than-create-value, zombie/crony capitalism that we Bitcoiners also oppose.
Because of that, I feel like some socialists could be persuaded to see the monetary system as part of the culprit.