sheesh, People certainly are nihilistic in here today… capitalism always was, and might always be. It’s human nature until we evolve to some higher state of being, and until then we will always find something of value to trade with. Labor as capital is fine, but in a virtual online world the very definition of what labor is and what it ain’t is changing. Intellectual capital is changing, and if it doesn’t rock your world that kids playing games produces real money for villages in China I guess nothing will.
World GDP has increased steadily by 3 percent annually since about Roman times, and so has inflation. What we value and trade with has also changed, but we are still around and doing much better than we were in Roman times everywhere in the world. Whatever happens humans manage to muddle their way through it to an improved future. That’s why I don’t have to really defend capitalism - it is, and will always be….. the ones who try to deny capitalism are the ones who get in trouble.