Capitalism’s incurable flaw is its inability to provide for the world’s majority

Evidence

This structural inability of capitalism to provide for the vast majority of the populations which it has sucked into its own dominion constitutes the basic, incurable flaw in the system as a whole. Such a contradiction can be overcome neither by the will of the national bourgeoisies nor by the edicts of the IMF and the World Bank, nor indeed by all the governmental and non-governmental agencies of advanced capitalism, so long as the system itself remains. Negation of this contradiction can come only from outside the terms of this system as such, because the backwardness of the backward capitalist countries, hence the poverty of the majority of the world’s population, cannot be undone except through a complete redistribution of wealth and an altogether different structuring of productions and consumptions on a global scale, among classes, regions, countries and continents of the world. Socialism is the determinate name for this negation of capitalism’s fundamental, systemic contradictions and cruelties, and the necessity of this negation will remain, regardless of the fate of the Soviet Union as such. — Aijaz Ahmad, In Theory, 594

Categorization

• XREF: connects to: Poverty is inherent to capitalism even in its richest, most developed forms. — Clara E. Mattei, Escape from Capitalism, 88; Those most harmed by capitalism also suffer the worst climate impacts. — Clara E. Mattei, Escape from Capitalism, 304; Widespread service failures fail to unsettle faith in capitalist efficiency — Mark Fisher, Capitalist Realism: Is There No…, 131

Related

• Only a global socialist redistribution can remedy backward-capitalist poverty (similarity 0.85)
• Poverty is inherent to capitalism even in its richest, most developed forms. (similarity 0.80)
• Poverty is inherent to developed capitalism, not a Global South condition (similarity 0.79)
• Those most harmed by capitalism also suffer the worst climate impacts. (similarity 0.79)
• Poverty, inequality, and unemployment are solutions, not problems, for capital. (similarity 0.79)