this post was submitted on 17 Jun 2024
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While I agree there are issues with capitalism. I disagree this was capitalism working as intended. If it were, the better/more innovative technology (green/cheap energy) would have surpassed the worse technology (dirty energy reliant on continued investment and extraction) because as we are finally seeing, there is more money to be made with green energy than fossil fuels. Suppression of green energy took active anti-capitalist anti-competitive efforts to preserve the edge of fossil fuels.
The purpose of a system is what it does. The way that capitalism is advertised to work and the way that it actually works are quite different. To understand how it actually works, one might turn to Marx, Lenin, Sweezy & Baran, and Michael Hudson.