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this post was submitted on 09 Nov 2023
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United States | News & Politics
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My problem isn't capitalism, my problem is that capitalism has determined that a democracy is hurting it's profits.
My problem is definitely capitalism.
Have you heard about Central America? Or any oil rich country? Capitalism is a double edged sword, they’re just swinging it at home now.
Infinite growth demands infinite sacrifice. When there's no more actual growth to be had, capitalism ALWAYS eats itself in the name of "efficiency". Capitalism is the simple act of keeping profits out of workers' hands in the name of the company. Capitalism is cancer, nothing more. We can have money, an economy, and personal posessions without capitalism. Capitalism is the middle man squeezing in to every transaction just so they can pocket some of it. Capitalism is why our healthcare is both expensive 'and' terrible if you're poor.
Capitalism isn't a double edged sword. It's holding a hand grenade, and failing to regulate it is simply waiting for it to go off.
Capitalism would be great if we could run it under constrained conditions that don't exist outside of a single pub somewhere in Birmingham.
The frustrating part is that hybridizing socialist-style societal safety nets with reasonable, regulated, capitalism-with-guardrails is possible and has been done. It’s just that in most western countries, huge corporations, “too big to fail” banks, and rich people have successfully worked themselves into positions of regulatory capture, which lets them operate with zero consideration for anything besides short-term profitability.