Who is a capitalist? A capitalist is an individual who owns the means of production, such as factories, machinery, and raw materials, and employs wage laborers to produce goods or services for sale on the market. Do we need capitalist? We needed capitalist to progress from feudalism to capitalism and develop the means of production. But they have served that purpose now. In late stage capitalism, the capitalist just inherit their properties and want to extract rent without innovating new things.
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We need both communists and capitalist
Who is a capitalist?
A capitalist is an individual who owns the means of production, such as factories, machinery, and raw materials, and employs wage laborers to produce goods or services for sale on the market.
Do we need capitalist?
We needed capitalist to progress from feudalism to capitalism and develop the means of production. But they have served that purpose now.
In late stage capitalism, the capitalist just inherit their properties and want to extract rent without innovating new things.