You misunderstand, just because you can describe something does not mean that it’s a useful or accurate description. Debating the correctness and accuracy of how we define systems and structures is core to socioeconomic debate, because without definitions that accurately describe the world and its processes, we are left with fantasy. I explained why your definition was incorrect, and responded to these weaknesses. Nevertheless, I’ll address your points directly.
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Moralism is not a base for scientific consensus. I already addressed the inherent failures of this form of argumentation. You even open yourself up for counter by saying “society getting more prosperous is a good thing,” when it is capitalism that is holding back common prosperity by funneling the wealth of society into the hands of a few. We must make our analysis based on materialism, on scientific fact, not the vague idea that stopping wage slavery is wrong because it requires force.
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You are taking an incredibly eurocentric and chauvanist claim by saying “no modern economist believes in surplus value.” Chinese, Cuban, Vietnamese, and many more economists vehemontly disagree with you. Some of the most respected economists on the world stage are Chinese, such as Cheng Enfu. At best, your point is purely ignorant, at worst it’s racist. In any case, management of capital is labor, but ownership itself does not create value. All new value comes from labor, be it managerial or not, and the portion of the day workers labor for means beyond their own wages is the surplus that forms the basis of profits.
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This is, frankly, naive. The version of capitalism you advocate for is not a real thing, and does not exist. You are moving from the realm of fact to the realm of utopianism. Just because you are uncomfortable with the inevitable consequences of marketization and private property relations does not mean you get to hide by defining them away. It is a simple, proven fact that in the real world, when markets progress, they trend towards monopolization. When they reach the boundaries of the national scale, they seek new markets internationally, which allows them to leverage their advanced position to exploit developing countries. This is capitalism as it actually exists. Five Characteristics of Neoimperialism is a short article going over how this system came to be and evolved in the modern day.
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China did not take on “capitalist reforms.” China marketized underdeveloped industries, as the material base of marketization is decentralized production. For industries of a national scale and critical importance, China maintains dominance and planned economy. This is Marxist economics. See Professor Roland Boer’s Socialism with Chinese Characteristics: A Concise Guide for a basic, entry-level explanation that requires no background in Marxist economics. China is a socialist economy, in the primary stage. The US is a capitalist economy as it is dominated by private capital even at the national and international scale. See the aforementioned Cheng Enfu’s handy diagram:
- Mises is a clown that was disproven the second socialism began outperforming capitalist economies. The Soviet Union, despite being largely a siege economy, was again one of the most rapidly developing countries in history. Trying to attribute their successes to pilfering from the west is, again, chauvanist at worst and ignorant at best, and in any case would require an enormous level of proof on your part that you neglected to provide. Soviet economic planning avoided the crisis of overproduction and the crisis of profitability that shook the capitalist world, proving that they were independent from their problems. The economic calculation problem was invented by a clown, before the invention of computers. For an explanation, see Towards a New Socialism, which explains potential economic planning beyond price. You could even skip the book and just read Cockshott’s WordPress article on socialist computation.
Overall, I’m disappointed. You presented yourself as something of an expert, but you don’t even pretend to entertain essential functions of traditional debate like discussing definitions, you just take the definitions as a given. This is hardly taken seriously even by mainstream liberal economists.
(Side note on Cockshott, massive transphobe, unfortunately. His work on cybernetics is valuable, but his overall Marxist knowledge should be taken with heavy grains of salt due to his fundamentally incorrect understanding of dialectical materlaism).
