this post was submitted on 19 Jan 2024
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I don't think capitalism is the worst thing on earth.
Capitalism isn't the worst, but unregulated capitalism? There's gotta be boundaries. Capitalism is never gonna care about dumping toxic waste into that river or carbon into the air.
Obviously there are worse things but they doesn't make capitalism great either
Am I saying capitalism is perfect? Definitely not. But I feel like people tend to blame everything that's wrong with the world with capitalism. Problems that would 100% still exist in other economic models.
Case in point, I used to hang out in /r/vegan and people there would blame meat consumption on capitalism. I hate to break it to you but there has never been an economic model in history where people treated animals ethically.
"Capitalism sucks" really has become the blanket statement for a lot of people these days whenever they see something they don't like about the world. I'm sorry but switching to communism, socialism, anarchism, etc isn't going to make people and the world suck any less.
It probably isn't. The problem with it is that it will, by its nature, ultimately collapse. But so do states that use other systems seemingly.
In capitalism profits must always improve. You always need to produce more, leading to exploitation of resources or do the same with less resource, meaning you lay off employees.
Ultimately resources run out, you can't lay off any more people or the economy becomes so awful nobody has the money to pay for your services.
You're not wrong. The basic premise of it seems fine. We have money, which can be a convenient way to do trades. I work in one career, but it doesn't give me food. Instead I get food from the store. And they need it from the farmers. But having food doesn't provide them with their other needs, so they go to another specialist. But that specialist doesn't get everything they need, so they come to me. So using cash is a convenient way of exchanging goods and services.
And some people enjoy running a company. They see a product people need or want, and maybe it's something they also need or want, and they enjoy making it, so they make a business out of it.
The basic premise of it makes sense. I prefer us to have another system, especially since I can see the issues with it. But for the most part, I also wouldn't hate it as much if we weren't in the over aggressive form of capitalism we have now.
That’s how capitalism gets you. It’s insidious.