The flaw in capitalism and the flaw that makes it unmanageable is how over time capitalism will find ways to extract more for less.
This will always fall to the workers. The recent recession had tax payers bail out the banks as well as pay bonuses. all because banks got very greedy.
Its not a flaw, its working as planned. But yeah, our "market solutions", basically any problem created by capitalism just gets exploited for profit. Even when the economy crashes its actually a good thing for the very rich, as it " disciplines" labor, moves people down and out of the middle class which lowers wages systematically, takes out a few competitors, etc.,
Even when the economy crashes its actually a good thing for the very rich, as it " disciplines" labor, moves people down and out of the middle class which lowers wages systematically, takes out a few competitors, etc.,
If you look at it, every crisis always results in transfer of wealth up. Covid was the biggest up to date.
Strong "I can fix him" energy out there.
People blame capitalism, but capitalism isn't the problem. The problem, as always, is power.
Under feudalism things were much worse. Serfs worked 6 days a week, 12+ hours a day. Up to 3 days of that week was spent tending your lord's lands for free.
Under absolute monarchies, dictatorships and police states you work as hard as you can for whatever hours your employer sets, and you keep any complaints to yourself or you're dragged off to a camp, or summarily executed.
So far, every time "communism" has been tried, it was just a dictatorship or police state where the leaders pretend that there's a higher ideal.
Capitalist republics don't give people at the bottom much power, but they get a little bit. And, that little bit is the best that the people at the bottom have ever had, even if it isn't much.
The fact that there are people at the bottom isn't the fault of some political system, and especially isn't the fault of capitalism, it's the fault of human nature.
Capitalism is better than feudalism, yes. The problem is that Capitalism inevitably gets to the point where it is more detrimental to the population as a whole than it is beneficial (Global Warming, Wealth inequality, power imbalances, etc.), and that point is now.
Capitalism did bring us many advancements, but we have outgrown it. Just because it did good things at some point doesn't mean that there isn't something better. We should all be striving towards better as a species, but we aren't.
I agree with most of your individual points... But your thesis relies on a false assumption.
Capitalism is the current problem for 95% of the world.... Just like monarchies were a problem for that particular country. Just because many political and economic systems throughout history reflect an aspect of human nature to control and bequeath that control to their offspring, doesn't take capitalism off the hook. Hell, if that were the case, we could blame everything on the evolutionary drive to be sexually successful, and not place the blame on anyone or anything else. That's what those at the top would love the rest of us to believe.
Inequality isnt the fault of the system that creates inequality. It just is.
A better angle might be that currently in the US capitalism is rarely actually scrutinized for the disadvantages it does have. Capitalism is almost synonymous with America and people often see critiques of capitalism as an attack on the nation itself, even though most of them don't actually know the principles or characteristics of capitalism.
It goes the other way too where people automatically think that characteristics of America are capitalist
As an example a majority of Americans probably think that American politics and democracy is part of capitalism, or that the economy is pure capitalism.
If people were more willing to critically evaluate capitalism without feeling attacked it could increase support for more worker friendly policies that are generally socialist in nature while still having a capitalistic foundation.
Blaming "capitalism" for all of society's problems is about as useful as blaming God or some gremlins. For example, if you're in the USA and you blame "capitalism" for your problems, then what are you gonna do about it? There is no path to change this society from capitalism to socialism or communism. We have entire armies of military and police who will ensure that the status quo stays in place. You also can't vote your way out of this. No candidates advocating such changes will be elected.
The best thing we can do is aim for better regulation of the systems that have allowed for the oligarchy to take it all over. Which won't be easy or quick at all but is at least somewhat possible.
the systems that have allowed for the oligarchy to take it all over
They didn't take it over, they created it. The lack of democratic influence isn't a bug, it's a feature. They have been laying to you all your life!
The path has been laid out by Mr Luigi
Look, you can have nuance or you can have performative outrage, you don't get to have both. Lemmy has made its bed
Not everyone. Capitalists love capitalism. It's the people who aren't capitalists but think they are because they love capitalism.
Sort of like how people think they are Christian's because they go to church believe in Jesus, but don't actually follow the teachings.
People think they are all sorts of things they are not and make themselves and or other miserable because of their fantasies.
Memes
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