[W]hy do we refer to our voluntary organization of production as Capitalism when that era ended at least half a century ago – and call it Consumer Cedit-ism instead.
Ukrainians are poor because they lack credit. Capitalism is a different social class problem altogether. And by historical standards we don’t really have any capitalists any longer – only people with enough trust to accumulate a lot if credit. Our rich aren’t really rich enough to do much of anything other than try desperately to stay rich against all odds.
In the 18th and 19th century, It was easy to amass a little capital and produce consumer goods.
It was a lot harder to distribute consumer credit to all.
Consumer Credit-ism is how we operate our society – capitalism died with the end of the conversion of people from the farm.