this post was submitted on 14 Aug 2024
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A Boring Dystopia
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I mind if you are simultaneously linking to a Wikipedia article defining it as being completely self regulated, lacking any form of social welfare.
Capitalism's problem is that, ultimately, it's "compete" or die because you need to work to afford to live. I'm not necessarily advocating for the nationalization of all industries or a command economy. There can be competition, but the playing field needs to be leveled first. Workers owning the enterprise as a collective is a step in the right direction but that still leaves the door open for "B2B" exploitation when an enterprise's failure can mean its workers now cannot afford to live.