this post was submitted on 19 Nov 2023
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I think exactly that way and am as left as you can be in the Finnish mainstream party system, with the exception of small sub-1% parties like the Communist Party.
Landlords & Billionaires = living, breathing taxation waiting to happen
Even if we were to tax a billionaire by 80%, they would probably still be a billionaire. However, they would also indeed be creating jobs, wealth and sustainable growth. School systems, medicine, hospitals, city infrastructure, job placement programmes, you name it, they fund it.
Corporate tax is also grossly under-utilized.
Capitalism isn't bad if you tax it hard and use the money for the welfare of citizens.
I'm answering from the perspective of living in a country with functional democracy, so it's hard to see the power the wealthy have over it.
Lobbying and representative campaign funding are more transparent here. No party has majority seats alone, coalition governments are a necessity. Legislation is consensus driven.
Finland is very much operating in a capitalism driven economy while still supplying its citizens socialism driven security.
Capitalism is like fire. It's a good tool, but a bad master. With appropriate legislative checks in place, it won't get out of control.
In the States it already has, but that doesn't mean that capitalism is bad. Just that nobody was tending the fire.
On a global scale you're right.
If we're discussing the scope of a nation, strong enough tax laws and safeguards for unions prevent ludicrous growth within its own contained system. This can allow people to experience a reasonably fair society.
Finland definitely is still benefiting off of cheap labour from poorer nations though. How to solve that especially if our country wants to retain its status, I would not know where to start. World domination?
If one country begins sharing resources and wealth, it will get stomped by the others that don't.
Capitalism can't be stopped without a violent revolt of colossal proportions. We're talking billions of people dead, displaced or left vengeful. It's a recipe for disaster.
Peaceful options won't work at global scale. Even if people begin to vote with their hearts en masse, it won't change nations where voting is moot.
I'm against violence, so the best I can see happening in my lifetime is me understanding and living with the system we inhabit and trying to alter what little I can in my small country for future generations.