2403
you are viewing a single comment's thread
view the rest of the comments
[-] Rolder@reddthat.com 87 points 2 years ago

I’m a fan of capitalism with tight regulations and checks on corruption, personally

[-] SeethingSloth@lemmy.world 39 points 2 years ago

The very nature of capitalism facilitates concentrations of power, which will utilize that power to accumulate even more in any conceivable way. The system is fundamentally flawed and needs to be replaced if we care at all for basic human rights and a future for this species.

[-] Rolder@reddthat.com 17 points 2 years ago

What is your proposed alternative? I struggle to think of any system that doesn’t inevitably result in concentrations of power

[-] dangblingus@lemmy.world 19 points 2 years ago

Social Democracy. Commerce is key to strong economies, not capitalistic wealth hoarding.

[-] halva@discuss.tchncs.de 5 points 2 years ago

as a solution to capitalism i propose capitalism (but you get 20 euro of ubi once per financial quarter)

load more comments (2 replies)
[-] gandalf_der_12te@feddit.de 4 points 2 years ago

Concentrations of power is made from the greed of people. Honestly, I beliefe that any sufficiently large society will eventually fall into capitalism, and the other way around, capitalism encourages border-less states, making effectively bigger communities.

However, with the current economic trend of de-globalization, things may eventually change.

[-] Rolder@reddthat.com 5 points 2 years ago

Trend of de-globalization? If anything things are more global then ever…

load more comments (3 replies)
[-] gohixo9650@discuss.tchncs.de 4 points 2 years ago

so what is needed is a system that doesn't allow the concentration of power into one entity that is using this power for personal benefit.

load more comments (1 replies)
[-] HardNut@lemmy.world 8 points 2 years ago

The very nature of capitalism facilitates concentrations of power

No. Capitalism is one thing and one thing only: the private ownership of the means of production. The very nature of private ownership, means private citizens have the freedom to own what's theirs, and trade it with whoever. The nature of capitalism, meaning its logical end state, is a free market in the truest sense. This is the opposite of concentrating power, because the means of power are completely disunited. In less favorable terms, the logical end state of capitalism is anarchy or chaos

Socialism is the common/public/collective ownership of the means of production. Holding the means of power in a collective is another way of saying it's being concentrated. The logical end of socialism is the concentration of everything.

Of course, I don't think we need to take either extreme too seriously. They both have faults, clearly, and they both devolve into something that more resembles the other with time. Capitalism adopts regulations or develop a state to concentrate their power against and enemy. Socialism reduces state power when civilians want more freedoms.

Point is, your characterizing of Capitalism seems misinformed, and it's incredibly silly to think a fundamental replacement of our current system is in order, as if there's some perfect ideology we can obviously replace it with

[-] abbotsbury@lemmy.world 14 points 2 years ago

the private ownership of the means of production

You recognize how that itself is a concentration of power, right

[-] HardNut@lemmy.world 5 points 2 years ago

No, disunited private actors are not a concentration of power

[-] abbotsbury@lemmy.world 13 points 2 years ago

If you own the source of wealth, you can buy more in a positive feedback loop, thus concentrating wealth and therefore power. Them being private actors means they are accountable to nobody.

[-] MonkRome@lemmy.world 4 points 2 years ago

I feel like you are both arguing different things. The simple fact of ownership isn't the concentration of power, it's the fact that we don't put limits on that ownership that causes concentration of power. People always argue for or against systems by taking those systems to their absolutes instead of arguing how they should be in practice. If we put a high tax on anyone with a high net worth, high yearly earnings, high estate value, etc., and also take anti-trust laws seriously, then we can largely solve much of that and still operate under capitalism. The problem is more how we are currently operating under capitalism more than capitalism itself, imo.

load more comments (1 replies)
[-] WhiskyTangoFoxtrot@lemmy.world 13 points 2 years ago

I'm not a fan of any overarching system, however capitalism is the one I, and I suspect most of the people reading this, live in. Therefore the best way of addressing the problems our society faces is to do so using the tools that our capitalistic system provides (such as regulation and oversight) rather than twiddle our thumbs waiting for some grand revolution to fix everything.

Claiming that the only way to improve our situation is to completely overturn the system does nothing but promote inaction.

[-] UnderpantsWeevil@lemmy.world 9 points 2 years ago* (last edited 2 years ago)

Sitting my kids down and telling them that the only way to send them to college is to keep buying scratch-off lottery tickets.

Angrily insisting that the only other alternative is to tear up the entire higher education system. Its either gambling on scratchers or doing a bloody uprising. No other alternatives.

load more comments (2 replies)
load more comments (1 replies)
[-] dangblingus@lemmy.world 11 points 2 years ago

You're a fan of exploitation of the working class?

load more comments (2 replies)
[-] CuttingBoard@sopuli.xyz 8 points 2 years ago

Casinos have to have rules.

[-] RichCaffeineFlavor@lemmy.world 5 points 2 years ago* (last edited 2 years ago)

You can't have it. It simply does not work like that. We saw what happens when you try that and it's the world we're living in. And when I say 'the world we're living in' I mean exclusively the west. This kind of thing gets you and your entire town killed if you try it where the US is allowed to set off bombs.

[-] Reality_Suit@lemmy.one 7 points 2 years ago

Yes, with corruption, we can't have anything. So what I need to do is become the most powerful man in the universe and be loving and kind, but with fair and swift judgment. There is no I ther way. No way possible. OR, we can keep trying.

Adam Smith even said: “every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men.”

So, we need to constantly keep fighting against corruption and harm towards other humans. If not, you are the problem. Instead of always saying how that will not happen, maybe come up with an answer. I mean, since humans keep causing problems, maybe we should get rid of humans? Right?

[-] RichCaffeineFlavor@lemmy.world 6 points 2 years ago* (last edited 2 years ago)

Yours is a failure of imagination. There's no alternative between the current order and god from heaven coming down to smite the bad people? Because I say a strategy that was tried in the past didn't work, and has observable and learnable outcomes, that saying it's not the path to achieving what you want is the exact same as saying we should kill off the human race? Right?

Batshit reply. Not sure what the Adam Smith filler is for.

load more comments (1 replies)
[-] the_q@lemmy.world 5 points 2 years ago

Well you're wrong then.

[-] creditCrazy@lemmy.world 4 points 2 years ago

Honestly I think capitalism works so long as you can make sure greedy people can only satisfy their greed through productivity rather than insider trading and buying companies that are competitive or implementing micro transactions into fully priced games infact that's the reason why I've been against stock markets just like how are these people improving life for others

load more comments (1 replies)
this post was submitted on 07 Nov 2023
2403 points (100.0% liked)

Microblog Memes

8795 readers
1756 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 2 years ago
MODERATORS