Hi all,

I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.

Cheers!

  • TheBananaKing@lemmy.worldEnglish
    807·
    1 year ago

    Capitalism is just diversified feudalism.

    Instead of owning 100% of a district and everything the peasants on it produce, the aristos worked out that they could diversify their portfolios and thin out the risk.

    So now they own a thousandth part of the product of a thousand districts instead.

    Now if plague wipes out a village or six, you don’t have to care, you’re only losing a tiny chunk of your income. Now the welfare of the peasants isn’t your problem, because they’re not, like :douchebro sniff: exclusively your peasants.

    The rich produce nothing, they add no value, they perform no labour. It’s just predatory rent-seeking: the poor still do all the work, produce all the goods and provide all the services, but now somehow 99% of the value they generate goes to some smirking freeloader instead, who can just plough it into acquiring more and more peasants. They only thing they ever provided was a chunk of startup cash, which they got from exploiting other peasants in the first place.

    And of course, none of that cash goes to the people whose income it supposedly buys. It’s not a fair trade, it’s not a trade at all, they aren’t a party to it. Workers are just bought and sold over their heads, like dairy cattle. They get milked just the same, and some other fat bastard gets all the cream.

    The whole system is rigged to concentrate power and wealth into the hands of the super-rich, stripping it away from everyone else and leaving them struggling to survive - and keeping the ladder well and truly pulled up so nobody else gets into the treehouse.

    Libertarian types like to claim that taxation is theft, but taxation is a spit in a hurricane compared to the industrial-scale looting that goes on every day. Take the profits of any corporation, and divide that by the total salaries of the workers that actually generate revenue. Theft? You don’t know the meaning of the word. What percentage of the value you generate goes in shareholder pockets? How would you feel about taxation at that level, funding not roads and schools and hospitals, but yachts and mansions and private jets for a bunch of one-percenters?

    How are you not angry?

    • worntreads@lemmy.worldEnglish
      11·
      1 year ago

      I’d like to add to this that enough ‘value’ is left with the masses to keep them comfortable enough or close enough to breaking out of the pits that they aren’t willing to rock the boat too much.

      Many of us have been afraid to lose what little we have had in life. And if you don’t prioritize making money, a made up concept, you cannot get out of the pits in this society.

    • setInner234@feddit.deEnglish
      3·
      1 year ago

      This feels closest to the response I would have written. I would perhaps add, that one of the consequences of this system is, that money insulates you from having to improve. Someone like Trump will never go to a therapist to fix whatever mental illness made him turn into who he is, precisely because he doesn’t need to. Money can prop up the most evil, stupid, useless people for generations and generations. If they had to live examined lives, they’d stop being evil. The only ways to fix this, that I can see, are all utopian sounding, but shouldn’t be. Wage ratios for example. As CEO you simply shouldn’t be able to hold more shares or earn more income than, say, 10x that of the lowest paid worker in your organisation. And that needs to include subsidiaries and 3rd parties. This system would have to be implemented globally. Never going to happen though. We can fight a pointless global war on drugs, but we definitely won’t reduce CEO income.