Capitalism may hold us back in some regards but really helps in others.
The majority of people would likely be feudal peasants, working under a warmonger family that owns the sustaining land by force. No upward mobility except through bloodshed.
Dividends, return on investment, profits, etc. are all inefficiencies in the production of value, and require more resources, labor, and suffering per unit of value than for example a circular economy.
But it does concentrate wealth efficiently, which in turn gives access to enough resources to start larger ventures.
Capitalism may hold us back in some regards but really helps in others.
The majority of people would likely be feudal peasants, working under a warmonger family that owns the sustaining land by force. No upward mobility except through bloodshed.
Capitalism optimises for concentrating resources.
Dividends, return on investment, profits, etc. are all inefficiencies in the production of value, and require more resources, labor, and suffering per unit of value than for example a circular economy.
But it does concentrate wealth efficiently, which in turn gives access to enough resources to start larger ventures.
That’s literally how it is now