- 41 Posts
- 1.2K Comments
10·3 days agoMuuuuuurrrrrdeeeeeerrrrr
What’s this from?
Ok, I’ll bite, then. I am not an economist, but I think about it in 3 ways:
- If you had a company, but all you ever did was take profit from the company, and never reinvested that money back into it, that company would fail. The examples for this are numerous. The nation is a company that we all work for. If a handful of “owners” skim all the profits without a certain amount of reinvestment, our nation will not survive.
Even worse than skimming the profits, the oligarchs are stashing them overseas, i.e. the Panama Papers.
Even worse than hoarding wealth overseas, the oligarchs pay less taxes than illegal immigrants.
None of these things will ever change under capitalism because the oligarchs have achieved regulatory capture. This is a well-known, but maybe less obvious result of capitalism.
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Commodifying basic needs is unethical. It is well-agreed that capitalism can find efficiencies in non-essential goods and services. But a significant amount of value in capitalism comes from failed businesses, or what I call “buying things a discount”. This process is indefensible when it comes to food, housing, healthcare, education, other than the “Charlie Kirk defense”, i.e. some people will have to die so other people can be selfish assholes.
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Capitalists are destroying the planet because their focus is on profit, not sustainability or general welfare.
Capitalism as an idea is dangerous because it elevates the rich. We have a social paradigm that the rich are better or smarter, or know something we don’t. Until we destroy the idea that profit is King, we will never overcome the above failures or create a society that prioritizes general welfare.
Hopefully this is a thoughtful response you were looking for.
122·5 days agoRemember everyone: upvote for unpopular. This one should have 100k upvotes.
7·5 days agoMaybe you’re right! I wonder why all the oil industries get such huge subsidies 🤔
3·7 days agoJust making sure.
This is super illegal, right?
The neurotypical response.
A project manager once told me that she got into programming with MySpace.
151·9 days agoWhat if you join ICE and don’t arrest people?
That’s when you can’t get the party to agree on anything or stop talking about random stuff.
“Until we get a replacement”? Am I a joke to you?
I know a lot of people who would not give the sandwich in their hand
81·11 days agoA monopoly is the opposite of an open market
Finally