Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
This any many other issues with capitalism could be solved with better legislation and regulations.
The problem is getting and keeping people in power who actually want to reign in capitalism.
But now in almost every country, the capitalists are the ones making regulations. They’re not going to do it to themselves.
But then that’s not capitalism. Capitalism is making as much money as possible unrestricted as much as possible. If you start doing things like putting a maximum wage in, or taxing the highest earners and giving back to the lowest, that’s socialism.
Which is controlled by those with capital.