- Position1 of 4›
Yes, without spending, capitalism will collapse
This position holds that coronavirus could end capitalism because, without spending, the system collapses. It argues capitalism depends on the voluntary exchange of goods, competition, and private property—so when lockdowns halt that exchange, its very foundation gives way.
Supporting arguments · 3
- Capitalism requires the 'voluntary exchange of goods'If there are no goods, there can simply be no exchange. Even when goods are available, people are too afraid of the coronavirus to spend disposable income on non-essentials.
- Capitalism is a 'system of competition'Without vendors or consumer purchasing power, there can be no competition.
- Capitalism depends on 'private property'How can people own property, if there are no goods on sale, and no money coming in?