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I'm all for capitalism, but not the current near limitless capitalism
That's just capitalism. Capital is power and if you allow people to be more powerful than others, they will use that power to amass more power. There never was and never will be limitless capitalism because we live in a finite world but there will be limitless suffering for the sake of profit.
Idk, I think the original guy has a point. Small and medium businesses generally work really well in western economies, it’s the megacorps and monopolies that fuck all the shit up. When he says limitless capitalism he probably means unregulated late stage capitalism and if that’s the interpretation then basically like, break up all companies with over 1000 employees or whatever. Mom and pop businesses are a great feature of our economic model, but they can’t thrive while walmarts are around.
Exactly that. Hier taxes the more you earn up to 100%. Limit company sizes in net worth and employee count. Its better to have 100 medium sized companies with 100 employees than 10 large companies with 1000 or (shiver) 1 mega company with 10.000 employees.
Basically all megacorps and monopolies started as small and medium businesses. And I'm not against small and medium businesses but that whoever has money owns said businesses. Capitalism is the idea that the workers don't own the business they work at but someone who's never worked there does. Capitalism is the driving force that makes small and medium businesses into megacorps.
That is a way too simplistic take.
I mean capitalism is good as long as you have strong laws against monopolies, oligopolies, higher taxes the richer you get up to 100% at a certain income point. Don't allow ownership of 100 houses for anyone (or any company), limit the maximum size of companies in value and employees, that sort of thing...
Yeah, then it can just export all of the problems to other countries and abuse the hell out of those with no power to fight back.
Oh yeah, and communism famously was never abusive to other countries. The USSR never never ever abused anyone inside and outside, same as China, they would neeeeever!
This is some peak capitalist realism. Never once did I say that communism was the solution, I provided no solutions at all actually, and I simply pointed out the flaws in capitalism but you know so little about economic systems to go to communism.
Can't do any more mental gymnastics to defend capitalism so you go to fear of another system not even discussed. You and I are not immune to propaganda and if you believe in democracy then why would your workplace not be democratic? The manufacturers never would have voted to move their jobs to China during the late 20th century. The capitalists did it. Walmart was a small family business and now it's the largest employer in the US and half of it is owned by people born into a specific family like a monarchy.
I get that you support Keynesian economics but this was before globalism and you can't rely on a government to fight capitalism in places it doesn't govern.
Wtf are you talking about? I never mentioned racism. lol