this post was submitted on 20 Jul 2023
440 points (76.4% liked)
Asklemmy
43336 readers
954 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Most people who hate capitalism are focusing in on its evil brother, "unfettered capitalism". UC is a shit show which has created many of the problems we see today and is the unholy unity created when big business and the government combine. When done right, capitalism pushes to lower costs and improve services for consumers. Companies competing is a good thing. Unfortunately the greed of corporations knows no bounds which is when UC enters the picture and fucks everything up.
I feel like saying that capitalism is not bad but the current implementations are the problem is is like saying the same for communism, they both are great in theory but reality doesn't vibe with imaginary ideals.
Except that Capitalism has proven to be a world-changing entity. We aren't talking about fancy ideas in someone's head or in a closely controlled laboratory experiment. Real life. The rise of the post-war American middleclass was one of the biggest growth of wealth spread out to the largest group of people in human history. The 50s and 60s were an economic miracle where companies competed which led to some amazing innovations and upward mobility for works. Of course then came the doldrums of the 70s and then the disaster of the Reagan Administration and everything went to shit. Enter stage unfettered capitalism.
This guy thinks unfettered capitalism only began in the 70s lol did u learn about the gilded age or miners strikes (wars) in history class? Hate to burst your bubble but corruption, capitalism and government has worked together hand in hand since the founding of the union.