Tom Ellis
1 min readAug 10, 2022

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True, and that is because “capitalism” is not an “ism” at all—not, that is, a coherent social ideology. Rather, it is simply what happens when (1) new, seemingly inexhaustible stores of easily accessible net energy become available (I.e. fossil fuels) and (2) economic expansion is driven by a zero sum game like the money system. In such a system, on a finite playing field (the Earth), there is only one possible outcome: the money supply concentrates upward—the rich get steadily richer (and fewer in number) while the poor get poorer and more in debt to the rich. The arithmetical logic of the money game can increase general affluence only as long as the overall economy expands and the resource base appears infinite. Once the limits of the resource base become evident, the “rising tide” (that once lifted all boats) collapses into a Monopoly game—and Monopoly has only one possible outcome: one player ends up owning everything, while everyone else owns nothing, and is hopelessly in debt to the winner for rent on their houses and hotels!

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Tom Ellis
Tom Ellis

Written by Tom Ellis

I am a retired English professor now living in Oregon, and a life-long environmental activist, Buddhist, and holistic philosopher.

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