Ask Lemmy

Capitalism.

Now there are all kinds of things people think of when you say capitalism, the free market, democracy (for some reason), etc.

But I mean the idea that the guy that owns the means of production should get the value produced by labor.

If you boil it down to that, it’s kinda crazy. You want to start a company digging holes, but you don’t have enough money to buy a backhoe.

Fred has plenty of money and can afford a backhoe. He buys it and makes you a deal, you can use his backhoe and he will own the company, you go out and dig holes and he will pay you a couple bucks an hour.

Obviously he has to charge the people that want the holes dug more than he’s paying you to make it worth his while, and he has to recoup the money he spent on the backhoe in the first place.

Fred will never pay you enough to live and save up to buy your own backhoe. After a while he’s made back all the money it cost him to purchase the backhoe.

So now the situation is this. A customer wants a hole dug, you come and dig the hole, and Fred, who has done nothing and already recouped all the money he spent to purchase the backhoe, gets most of the money. And that arrangement just goes on forever. When Fred dies, Fred Jr will inherit that backhoe, Fred Jr will have never spent a dime for that capital, in fact Fred Jr will have had a very comfortable life paid for by the sweat of your labor digging holes.

Fred Jr will get most of the value of your labor for his whole life for doing nothing at all, just because he happened to be Fred’s son.

This is the way we decide who gets the rewards of all the work humanity collectively does (under capitalist systems) and it’s resulted in a hundred or so people so insanely wealthy we can’t even conceptualize how much money they have and everyone else scraping by.

And very serious people (often paid by those billionaires) will be on the news (or replying to this very comment) telling you how this is just the only system that makes sense. But listen closely when they do, they will always say it’s good because of free markets, or competition, or democracy or something that is NOT capitalism. Capitalism rarely defends itself by talking about why it’s good for the rich guy that owns the capital to get all the value, it always misdirects you to something else, a free market or freedom just generally. The freedom to pick between 10 different ultra wealthy companies that own everything and work to make them even more wealthy for your entire life.