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Why are folks so anti-capitalist? (programming.dev)

submitted 1 year ago by o_o@programming.dev to c/asklemmy@lemmy.ml

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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!

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[–] Zyansheep@lemmy.ml 4 points 1 year ago (3 children)

I don't think pure capitalism as you describe it exists, or if it does its definitely not common.

[–] HonestMistake_@lemmy.ml 9 points 1 year ago (1 children)

We may not be quite there yet, be we're firmly going in that direction. An ever smaller number of gigantic corps owning ever more of... everything.

[–] Zyansheep@lemmy.ml 1 points 1 year ago

The mechanistic reasoning might be plausible, but is there any actual examples of a modern capitalist society regressing back to some form of feudalism to any significant degree?

The point where I'd be worried is when a single company is the majority of a country's GDP or has complete control over the government. The only examples I can think of that even get close to these possibilities are South Korea's Chaebols or Hong Kong's corporate voting block.

[–] IuseArchbtw@feddit.de 5 points 1 year ago (1 children)

Yes, that pure capitalism does not exist, that is correct. But that is what pure capitalism would look like and the question was why people don't like capitalism

[–] Zyansheep@lemmy.ml 2 points 1 year ago

Hmmm, I guess I don't like the reasoning "extreme version of complicated idea is bad, therefore the idea is bad in general". Like its fine to dislike an idea's extremes, but it would be disingenuous to also dismiss its more moderate forms.

[–] bricklove@midwest.social 1 points 1 year ago

It's usually called feudalism at that point