A thing that is not changing is dying.
Being interested in technology, I’m often confronted with the concept of “disruption.” Maybe the more apropos term is “creative destruction.” In any case, the idea that growth is indelibly linked to change is one that is pretty much unchallenged when it comes to tech.
The ironic and, at least to me, hypocritical thing is that such thinking doesn’t apply when it comes to Capitalism. Particularly in regards to Silicon Valley and its high-profile venture capitalists, Capitalism is the one concept that should forever be immune to disruption. There is a belief that we have perfected economics, that no system is possible beyond Capitalism and, therefore, no serious discussion of potential alternatives is necessary. Those who believe in the Capitalist system are prone to consider those, such as myself, who contemplate alternatives as “cranks.” Even their language is polarized; most immediately consider anything that is not Capitalist as “socialist” or “communist.” The idea that there can be anything outside of our current economic system is simply beyond their ability to grasp.
Here’s the thing: Capitalism will either change to the point where it no longer resembles what it does today or it will cease to exist entirely. This isn’t speculation or wishful thinking, it is a fact. The simple reality is that a thing that is immutable is unchanging and a thing that doesn’t change is a thing that ultimately becomes extinct.
I find it humorous how serious Capitalists are about their system. From the economists, to the finance guys, to the tech guys, Capitalism is the one thing that is truly “serious,” a thing that, for some reason or another, should not ever change. Indeed, even the subject of it changing isn’t “serious” enough to discuss, at least not in any but the most marginal way. It’s pretty preposterous really. What thing can exist in perpetuity without changing? The champions of Capitalism don’t even seem to be intelligent enough to understand that their unwillingness to seriously address its shortcomings is what guarantees its ultimate failure.
Capitalism isn’t immune to “creative destruction.” At some point, the necessity for it to alter in a substantial or even a profound way will become apparent. What then? Will its champions resist? Will they become the impediments to advancement that they attribute to “cranks” such as myself?
I have to admit, the entire process tickles me. The asymmetries of Capitalism are not indefinitely sustainable. Either a more egalitarian form of growth will evolve from it or it will alter under the specter of violence and upheaval. But, one way or the other, it will change. Or it will die. Simple as that.
So, all you “serious” guys… enjoy Capitalism now while it still resembles something you recognize. Change is coming, whether you like it or not.
The cranks will have their day.