this post was submitted on 20 Jul 2023
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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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[–] AergisGeist@lemm.ee 4 points 1 year ago (1 children)

It's easy to blame capitalism when you're an American who has never traveled to a country with strong social safety nets and checked capitalism. I also assume most people who call themselves communists aren't actually communists though, they just want stronger systems in America to help the poor (Healthcare, education, etc)

[–] cecinestpasunbot@lemmy.ml 3 points 1 year ago

The US used to have stronger social safety nets and they’ve been progressively eaten away at. It seems like the same process is happening in other countries with strong social safety nets. The riots in Paris over an increase is the retirement age is just one example. If you try to understand why that’s the trend it’s hard not to blame capitalism.

[–] astral_avocado@programming.dev 4 points 1 year ago* (last edited 1 year ago) (2 children)

Because the ml in lemmy.ml stands for Marxist-Leninist, and this instance is populated mostly by a banned reddit community of pro-CCP Marxists. You should join a different instance.

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[–] reality_boy@lemmy.world 4 points 1 year ago (1 children)

Pure capitalism favors the wealthy and the unscrupulous. That is if there are no laws in place protecting peoples rights then the business owners have little incentive to treat there employees well (they will trade short term profits over long term stability.

On the flip side a pure communist system favors the lazy since there is little to no reward for doing more than the minimum. That is to say the status quo is unchanging.

This is why we have government, to correct the selfish nature of capitalism, while hopefully still retaining the innovation and drive that it produces (winner take all is a strong motivator).

This only works in the long term if government is fair and balanced, looking out both for the interests of business and society (the poor, the environment, the common spaces, etc). And where an idea like socialism actually strikes a good balance between both extremes.

The idea that the markets will sort themselves out is a fever dream thought up by the right. The markets will quickly consolidate into monopolies and then exploit there power. It is only fair competition that produces benefits. And that is an unstable balance that must be carefully maintained by outside forces (government).

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[–] pensivepangolin@lemmy.world 4 points 1 year ago
  1. Friends and family bankrupted by basic medical needs;
  2. Friends WITH medical insurance unable to afford basic medications like insulin or asthma control inhalers;
  3. The increased atomization of society has led to a collapse of community in most of my country: people don’t care about each other because they can’t because they don’t have the time or money;
  4. It has driven us and continues to drive us towards the complete collapse of the biological systems that sustain our planet at an ever increasing rate.

The only thing people can point and do point to is “oh but more people have more cheap commodities.” Great! At the expense of the common dignity of man and the ecosystems in which he depends, an ever smaller class of bloated egotists has gotten rich beyond comprehension while the rest of the world literally burns and melts in the name of increasing fortunes already beyond any and all conception of need. At the same time, the life of the average person is marked by degraded environments, exposures to industrial toxins, has their profession increasingly made precarious, has the cost of living increase while wages stagnate or shrink, and now is plagued by disasters directly resulting from the climate change a fossil carbon economy has caused.

What about any of that should I like? That I can eat a hamburger for $10 that is mostly ammonia-cleansed meat filler…?

[–] TrivialBetaState@sopuli.xyz 4 points 1 year ago

I don't get the same impression in my community. I'm pretty sure that we all love capitalism in "millionairs@lemmy.lm" What communities do you waste your time on?

[–] hydro033@kbin.social 3 points 1 year ago* (last edited 1 year ago) (7 children)

I am pro-capitalist myself because there is literally no evidence for anything else working well on earth. Capitalist systems (albeit with regulations to maintain free markets - ie snuff monopolies and anticompetitive practices) have improved the standard of living for people more than any other system ever has. But I full expect flurries of downvotes because of where I am and the group think circle jerk here.

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[–] Vitaly@feddit.uk 3 points 1 year ago (1 children)

Capitalism is the worst economical system, but there is no better alternatives, as a ukrainian watching other developed countries i feel sad about my cumminist in the past country

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