this post was submitted on 25 Apr 2025
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chapotraphouse
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I'd say robber baron capitalism and fascism start eschewing market forces entirely whereas neoliberalism creates centralization but it still relies still on markets, labour markets, etc. Turning more and more into fascism as neoliberal consumes what's left of those markets/frontiers for growth. Like now that they're running out of skilled 3rd world labourers to super-exploit since China is graduating into a middle-income country, neoliberalism is collapsing and turning to fascist economy and seeking ways to push down populaces back into super-exploitation range (China, US, UK, etc.) without the need for markets at all. And the markets that do exist resemble pure gambling rather than anything close to investment since it never seeds any growth that's productive.