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Happens too often...
(lemmy.world)
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this post was submitted on 11 Sep 2023
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Capitalism is great for handling things that are relatively unimportant. So you don't want it for medical, education, infrastructure (including utilities), etc. Its fine for things like fashion or the various things might have around the house. Even then it must be highly regulated.
Agreed, although I'd reframe it; capitalism is a solid default, and does a good job of innovating ... but it tends to operate like gravity, the more capital you have the more you get.
So, you need a mechanism to redistribute that capital, and you need to make sure that the things everyone is supposed to have enough of, don't get distributed that way in the first place.
Yeah the way I look at it, capitalism is like oxygen -- completely pure, it will react almost anything and destroy it. But dilute/regulate it down, and it's remarkably useful. Even then though, you need safeguards/antioxidants to help keep it in check.
So the problem isn't that we breathe oxygen -- it's that we're breathing 100% pure oxygen instead of normal air (which is like 22% oxygen).
Taxing rich people to pay for good paying jobs in healthcare, education, and utility/infrastructure maintenance would help everyone.
Economies need to be a cycle. If the rich just hoard and don’t spend then we can’t spend either.
So if they won’t pay a liveable wage, tax them heavily and start paying liveable wages with the money.
Definately. One problem with money is it has no inherent value. It only has value when it is utilized. So hoarding essentially removes money from the economy. Its like potential and kinetic energy.
I think worker cooperatives could handle those things better. It sounds like you're just looking at the outcomes for consumers, not workers.