Capitalism is currently causing vastly more problems than it is solving. It is concentrating wealth and resources in the hands of the few while the poor and working class suffer.
this post was submitted on 20 Jul 2023
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Capitalism is just feudalism with extra steps.
Add time goes on, capitalism constantly needs more and more restrictions placed on it to not utterly destroy society. Child labor laws, minimum wage, worker rights... capitalism is inherently against all of that because it makes less money.
Even today the rights that have been fought for over the past century, capitalism is trying to erode away, all in the name of greater profits. Child labor is back on the menu in some states. Minimum wage has not kept up with inflation. In the USA they've discovered that dying people are a captive audience, so they can charge them ridiculous money out the ass for whatever will keep them alive. Like, what are they going to do, go home and do surgery themselves? Wait until Black Friday for a sale on MRI scans? lol.
Nearly every right and freedom for anyone below the top 0.1% of earners is a continuous battle against capitalism to maintain.
You seem to have arrived late to the party and just assumed 21st century Western society is just the natural state of capitalism. No, this is capitalism after centuries of people fighting for their rights. Seriously, you need to study some history. Especially what life was like in the Victorian or early industrial era.
I started off as capitalist. I believed the fairy tales from silicon valley: If I work hard enough, I might be able to rise to the top, not only able to leave my hometown or my country, but also I might even able to buy a cheaper sports car. Used, but it might be fun to refurbish, or even customize. I even had a paranoid fear of communism, due to fear mongering from the right.
Then reality hit hard. First, I had to learn that the people I idolized didn't just make some mistakes, but were outright evil, while the competition isn't much better. Then I had struggle with trying to find a job, especially due to my inability of making up a story of long time employment history and achievements. And then I had to drop out from college, because I couldn't do my mandatory internship time.
When I said we should at least do some regulations to not let these things to run amok, the answer was that it would be "communism", and instead we should left it up to the free market. And if the market doesn't have problem with it, then I'm in the wrong.
Then I found Libertarian Socialist Rants on YouTube, the forerunner of what we know as "lefttube". The rest is history.