We live in a post information scarcity society and we still haven't moved on from capitalism.
Edit: Changed title to be more accurate.
Also here is the summary from Wikipedia on what Post-scarcity means:
Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely. Post-scarcity does not mean that scarcity has been eliminated for all goods and services but that all people can easily have their basic survival needs met along with some significant proportion of their desires for goods and services. Writers on the topic often emphasize that some commodities will remain scarce in a post-scarcity society.
The idea in relation to capitalism is referring to information from a physics standpoint, not from a data analysis standpoint, as in Information Theory and it's laws as opposed to the laws that govern matter / energy.
Here's the summary for the wikipedia article you mentioned in your comment:
Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely. Post-scarcity does not mean that scarcity has been eliminated for all goods and services but that all people can easily have their basic survival needs met along with some significant proportion of their desires for goods and services. Writers on the topic often emphasize that some commodities will remain scarce in a post-scarcity society.
A post-scarcity society doesn't mean a post-resource society. We have enough resources to make sure everybody has what they need. None of it is scarce in the slightest. We just need to distribute it equally.
Capitalism will collapse eventually, whether planned or not. The best we can do is build up parallel structures that can weather that collapse, like complex networks of Mutual Aid, strong Unions, FOSS software, and more.
Fascism is similarly unsustainable, if we fail and can't achieve Socialism from Capitalism then fascism will take its place, and will also collapse. Same with climate, if we fail to properly handle it we will almost certainly go extinct, but the door remains open for life in millenia.
We live in a world where it costs essentially nothing to replicate a piece of information 7 billion times and distribute it everyone on earth.
A world where the pirate bay does that for the couple of grand that they get from some porn banner ads.
We live in a world where there is no reason for information to be scarce. The entire systems of copyright and patents and IP are hamfisted ways of creating artificial scarcity so that information retains value in a world where it could be ubiquitous.
I see what you are saying but it’s somewhat different from resource scarcity. There is no scarcity in the ability to transmit information, but there is still information scarcity.
However, what makes information still valuable is the difficulty of first discovery. It costs money to go on the ground in a war zone and find out what’s happening, and if nobody did it, we just wouldn’t know.
This doesn’t even factor in the costs of filtering through misinformation and disinformation.
Old knowledge is abundant, new is not. If takes effort to discover/create new knowledge. Patents and copyright are there to allow the inventor/creator an opportunity to monetize their invention.
Capitalism is a Mode of Production by which the Means of Production are bought, sold, and traded among individuals. This results in Capitalists, ie owners of Capital, and Workers, those who Capitalists employ to create Value using said Means of Production.
And what’s the problem with owning, buying and selling things? We’ve been doing that for millennia. Obviously, unregulated American style capitalism is very broken, but there are better ways to do business. It’s just that those ways are not that appealing to the greedy.
Capitalism: The best system for harnessing the greed inherent in humans for the benefit of others. Capitalism produces the most wealth, and it's spread more evenly, than any other system.
Not sure how anyone can sanely argue that Capitalist wealth is spread more evenly than any other system when disparity is rising everywhere it's practiced, even if at slower rates in Social Democracies.
You fail to understand in your eagerness to jump on a soapbox.
The numbers simply do not lie:
There is not one reason for anyone, anywhere, to go without food, water, or shelter. That some regions lack the production is irrelevant, others over produce and still refuse to meet the needs of their own, much less others.
The rubes need something to collect so they can lord over you. They don't want an intelligent society. They want something they can game to get big numbers.
In 1980, 'middle class' was still defined as one job paying for a family of four. In those days $1 million was still considered a vast fortune. By the time Bush Sr. left office 'middle class' was two salaries to support a family and $1 million was what a rich guy paid for a party.
To be fair, "middle class" isn't a real class, the closest is petite bourgeoisie. What's thought of as the middle class doesn't necessarily have the same class interests, as they vary in social relation to the Means of Production.
Well I think it's normal since the common meaning of the central word is misrepresented. Post-scarcity means there is no scarcity, which is not the situation right now. Also the title says "post information scarcity" which i didn't now was a thing and that we still don't have. Factually correct information is not very easy to come by nowadays, and not easy to verify.
And if we talk about scarcity of goods and services we certainly have a shitload of factories but some key jobs are not automated yet and in case nobody noticed we have some serious problems with natural resources.
Fascism is the violent reaction to the fall of Capitalism, just as fascism is on the rise, so is Socialism. The fight against fascism is critical, as that which replaces Capitalism will be either Socialism or fascism.
It is up to the Socialists to beat the fascists so that we don't end up down that dark timeline.
The problem is that while we have infinite information we do not have infinite energy/resources yet. The shift when we get it to remove power from the structures will be larger but reminiscent of the piracy/copyright battles lately
You're confusing wealth with resources. If we evenly distributed wealth everyone would be wealthy but it turns out farmers would still have to farm etc.
We don't have the resources to give everyone on earth a palace. We don't even have the resources on earth to give everyone a western lifestyle sadly.
Infinite resources/energy is waaay past what you're thinking. Think startrek and replicators
Firstly, capitalism isn't going to just "poof" away just because there are more resources available. The rich will just hold them back to create artificial scarcity - like is done with diamonds.
Secondly, even discounting that, there are plenty of resources that are genuinely scarce no matter how much money you have to throw at the problem.
But if you're referring to just the scarcity of information - then you're still not quite right as not all that information out there is good information - a lot of it is misinformation (i.e. propaganda, etc.)...
And even that discounts the fact that for many people, they don't have the tools/capability to access the information, or simply can't access the information full stop (I.e. due to censorship, etc.).
We're in a post information scarcity society and there are still people out there who think the Earth is flat.
Simply providing people with the answers is not enough you actually have to make them believe those answers, and there's always going to be people who are desperate to not accept those answers because doing so would make them the same as everyone else, and of course that's not possible because they are special. And they are special, just not in the way that they want to be.
Capitalism incentivizes production so well that the mere charity of individuals provides more for free than all the redistribution the government can manage under a controlled
economy.
Capitalism’s primary activity is commerce, with a tiny sliver of charity on the side. That tiny sliver of charity is the biggest pool of resources made available for free under any system.
In what unicorn world are you living in? There are so many subsidies for so many sectors that it isn't even funny. Capitalism is parasitic at its core and the only reason there is charity from the rich is for the good publicity.
The society is already wealthy, but all the wealth is drained in the hands of a few.