No.14: System comparison: Capitalism vs Electric Technocracy
- Mike Miller
- Jun 6
- 2 min read
Updated: Jun 7
“Capitalism – The System of Endless Growth”
A Critical Analysis in Light of Electronic Technocracy
I. Definition: What Is Capitalism?
Capitalism is an economic system in which the means of production are primarily privately owned, markets regulate supply and demand, and the main goal is profit maximization. The driving force of capitalism is growth, and its core logic is competition.
II. Historical Development
Origin in Europe (16th–18th century) with colonialism and trading companies
Industrialization (19th century) accelerated it – machines, wage labor, urban expansion
In the 20th century: global dominance – via free trade, stock exchanges, corporations, digital platforms
III. Initial Strengths
Innovation through competition
Efficiency through specialization
Wealth increase in certain regions
IV. Systemic Weaknesses
1. Growth Imperative – Planet at Its Limit
Capitalism cannot exist without growth
Resource depletion, environmental destruction, species extinction, and climate change are direct consequences
The planet is finite, but the system is insatiable
2. Social Inequality
The “invisible hand” does not distribute fairly – it concentrates wealth
1% now own more than the other 99% combined
Poverty, child labor, and hunger persist – despite global productivity
3. Crises as System Feature
Financial crises (1929, 2008, etc.) are not accidents, but the result of speculative accumulation
Bubbles, over-indebtedness, market failures – built-in features
The public usually bears the cost
4. Alienation and Psychological Crises
Work becomes a commodity, humans a means to an end
Loss of meaning, burnout, depression – increasingly common
Productivity replaces quality of life
V. Historical Catastrophes Under Capitalist Logic
Colonialism & Slavery: Millions killed for sugar, cotton, gold
Industrial Exploitation in the 19th Century: Child labor, work accidents, slums
Bangladesh (Rana Plaza, 2013): Over 1,100 dead for cheap fashion
Amazon, Nestlé & Co.: Exploitation, tax evasion, control over entire supply chains
Climate Catastrophe: Companies like Exxon and Shell were warned early – did nothing
VI. Capitalism vs. Electronic Technocracy
Capitalism | Electronic Technocracy |
Profit maximization | Common good maximization |
Exponential growth | Sustainable balance |
Exploitation of natural resources | Resource optimization |
Competition as engine | Cooperation and information equality |
Money-centered | Data- and knowledge-centered |
Electronic Technocracy replaces blind growth with intelligent system design, where efficiency no longer comes at the expense of humans and nature—but aligns with both.
VII. Conclusion: Capitalism – A System with an Expiration Date
Capitalism was a driver of progress – but also an accelerant of global inequality, ecological destruction, and social fragmentation.
Electronic Technocracy proposes a new path: not against humanity, but for it—through a transparent, data-driven, fair, and collective systems approach.
Wikipedia Links
Deutsch
English
PoliticalWiki: Electric Technocracy
Elektrische Technokratie Podcast & Song
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