Episode 152: Capitalism - Myths, Machinery, Exploitation, and Colonialism

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Recorded23 Feb 2025

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“Today’s episode dissects capitalism, challenging common misconceptions and exposing its exploitative nature. It contrasts capitalism with trade and commerce, arguing that it uniquely prioritises profit extraction. The author of the lengthy source article, Dr. Jaime Hoerricks, highlights the concept of surplus value, where workers are underpaid to maximise capitalist profit. Dr. Hoerricks discusses rent-seeking, colonial roots, and the myth of rugged individualism as key mechanisms that drive and sustain capitalism's inequalities. Ultimately, they urge readers to envision and pursue alternatives that prioritise human and ecological well-being.”Here’s the link to the source article: https://open.substack.com/pub/autside/p/capitalism-101-beyond-the-myths-intoLet me know what you think.The AutSide is a reader-supported publication. To support my work, consider becoming a paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit autside.substack.com/subscribe

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