a day ago
- The author built an open-source economic simulator and ran three economies over 50 years.
- Extractivist Capitalism: GDP grew but 33.7% of the population faced social exclusion; the top 1% held over 30% of wealth.
- Mixed Socialism (Norway-like): GDP doubled with almost no social exclusion; top 1% still held 30% of wealth.
- State-Led Communism: Highest GDP, no social exclusion, and top 1% held only 8% of wealth.
- The results indicate that extraction is hardcoded in capitalist dynamics, not a bug.
- The author critiques economic reporting as propaganda shaped by colonial extraction history.
- The simulation assumes surplus value (Marx's theory) and shows that without counterweights, capitalism leads to exclusion.