Trickle down never worked, this is end game capitalism, something else needs to be added to this mix to fix this mess.
Capitalism naturally ends up in this position. That’s why it’s so hard to “fix” – to those at the top, nothing is wrong.
Exactly, capitalism is economic perpetual motion, you can’t have exponential growth in a finite system.
Yes. Simple math.
And yet you already got a downvote for it.
I might be wrong, but I think you mean infinite growth in a finite system.
You can have exponential growth in a finite system can’t you? As exponential is just that it gets faster and faster compared to linearly increasing variables.
I guess at some point growth has to stop being exponential in a finite system, but the same can be argued for linear growth I think.
It’s not regulated properly, that’s the problem
But those regulations are constantly labeled as “anticapitalist” – because they are.
Why is it so wrong to poke at the inner workings of capitalism? Why must it be infallible?
Because the people benefiting from its brokenness aren’t ready to stop salting the earth for numbers.
…I think you may have misread my comment.
I’m saying it’s broken and asking why it should be accepted as infallible.
I thought they were just agreeing with you, FWIW
Regulation and reform isn’t anti-capitalist though.
“Real” anti-capitalism lies in the realisation that this system cannot be reformed, the status quo must be dismantled if we ever want to move past it and truly work towards values of freedom and equality.
Capitalism really is trading goods for currency, and allowing lending and investment. What’s going on though, with unchecked companies and laughable fines, ruins the whole thing. In its current state, capitalism will be our undoing, but with proper laws, regulations and oversight, it could work.
The problem is, corps have grown too powerful already and can blackmail governments. It’s like other models that could work in theory, but never benefit the people in the end. Communism tends to lead to tyranny, for example.
People are just really shit at designing and running big societies.
Capitalism isn’t trading good for/with currency though. Socialist and Communist societies would still use currency as it is a lot easier than bartering everything. And in Socialists society, you can still have lending and investments.
Capitalism is the means of production and trade owned by private entities (be it a person or a corporation) to make profits.
You are right though, inevitably, capitalism leads to consolidation and monopolies which we see today.
Capitalism really is trading goods for currency, and allowing lending and investment.
That’s commerce. Commerce predates capitalism, by a lot.
Capitalism also involves other things that go beyond basic commerce, such as systems of property law to incorporate quasi-sovereignty to capital ownership. That’s more or less where we get the default model of businesses as de facto dictatorships ruled by the owner, vs. being democracies organized by stakeholders or participants. It’s a big, deep subject that’s unfortunately talked about in reductionist terms a lot. It’s probably not helpful that a lot of early (and recent) scholarship on capitalism seems to frame itself as revelation of the nature of capital and markets, as if capital and markets are natural forces and not man-made things.
This last bit- treating capital and economics as if they were laws of nature (instead of being contrived by men)- does a lot of work to obfuscate fundamental systems of power, which in turn helps keep that power unaccountable. One major source of tension between capitalism and socialism has to do with whether the sovereignty of ownership ought to be democratized or subject to democratic accountabilities.
Some examples of being subject to democratic authority is basic labor protections, the 40 hour work week, safety regulations- if the voters impose on employers the requirement that employers provide a safe working environment, it’s a counterweight to the general notion that owning the business makes one king of everything in that sphere- that is, it subordinates capital to the authority of the polity in which it operates.
You have been banned from c/Conservative.
something else needs to be added to this mix to fix this mess
Could Universal Basic Income play a role in this?
Well at least after AI and robots replace a good portion of the workforce, detaching happy, educated citizens from the societies money flow.
My guess is gouverment by powerful corporation and people unable to adapt dying in gutters, rather that universal income.
There was a “this day in history” tidbit a day or two because it was the anniversary of the last guillotine execution.
The last so far.
Well there was this guy called Karl Marx, who tried to suggest solutions to the problems of capitalism.
…but I hear he’s not trending these days. Wrong kind of people liked his stuff.
surges
Forgive me if I wait for changes before believing anything is happening. Shit surged a long time ago.
They’re just getting the message, now.
The calls are growing up so fast, like weeds. /s
This is one of the main factors behind my vote this year.
That, free dental, and also keeping the ocean from getting too close to my house.
taxguillotineguillotineTar and feather.
Sends a message.
