SO. MUCH. THIS.

  • danielbln@lemmy.world
    link
    fedilink
    English
    arrow-up
    26
    arrow-down
    16
    ·
    1 year ago

    Yeah, let’s not throw out the baby with the bathwater just yet. Capitalism is an incredible engine, but it needs guard rails.

    • LennethAegis@kbin.social
      link
      fedilink
      arrow-up
      21
      arrow-down
      2
      ·
      1 year ago

      The whole infinite growth mentality caused by companies being public on the stock market is the real poison I think. So lets just axe the whole thing. No more stock market, every company is private again.

      Which means no more stock speculators, or stock buybacks, or market manipulation schemes. Just companies selling their products to consumers based on their own metrics.

      • BraveSirZaphod@kbin.social
        link
        fedilink
        arrow-up
        6
        arrow-down
        1
        ·
        1 year ago

        Well, for starters, this obliterates most people’s retirement plans, so that’s a bit of a hurdle.

        That aside, what would happen is private equity firms and investment banks simply buying up most public companies, so I don’t really see the grand improvement here.

        • msage@programming.dev
          link
          fedilink
          English
          arrow-up
          3
          ·
          1 year ago

          I hate so much this talking point:

          the system has captured the retirements, so we can’t abolish it.

          Like if we need this load of bull to support retirement, we should rethink everything from the ground up.

          • BraveSirZaphod@kbin.social
            link
            fedilink
            arrow-up
            1
            ·
            1 year ago

            The point is that, whether you like it or not, abolishing something that most people are very strongly relying on for the last third of their life is something that’s going to be incredibly complicated and met with a lot of opposition.

            By all means, re-think away as you like, but don’t be surprised when a lot of people aren’t exactly a fan of what you come up with.

            • msage@programming.dev
              link
              fedilink
              English
              arrow-up
              1
              ·
              1 year ago

              Provide food and shelter as a human right first, then dismantle everything else, and let people do what they enjoy.

    • deleted@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      arrow-down
      1
      ·
      edit-2
      1 year ago

      To be honest, you cannot achieve capitalism with guard rails.

      Rich individuals will accumulate money then bribe or donate to politicians to earn more money thus more bribes then more influence and so on.

      Take USA as an example, big corporations have monopoly on almost everything and you as a citizen cannot do anything about it. Sure you can vote but either way, donations to politicians always win.

      EU is better but not much. After GDPR, every website would interrupt you to say how they will sell your data and tell you to leave if don’t like it.

    • Jay@lemmy.ca
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      I agree, I don’t think any one system is the answer, they all have their strengths and weaknesses… a combination of them would be a better idea.