Wherever there is a need there is potential for exploitation by greed. Of course capitalists without a leash are going to wreak havoc on everything.
Capitalism by definition is about exploiting labor and extracting wealth. Commerce is the ethical application of purchasing goods and services.
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This is how the tankies roll; they want to define the terms of the argument however they want and then expect the rest of us to go along with it.
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I think the ethical part may have to do with the following from Wikipedia on commerce:
The diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage are the principal factors that give rise to commercial exchanges.
I do not see how the commercial part is necessary for the distribution of goods though and recognize it as the main culprit in making such a system unethical. I.e., supplying needs is good and necessary, however a commercial platform is not.
Not all socialists are tankies.
Ethical as in it’s goods and services for currency. Ethical in that no one is being exploited actively. Commerce requires legislation.
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Commerce deals with the distribution of value, production with the creation of it. So let’s say there is a widget factory. If one person “owns” it and thousands work to make widgets, their production is stolen through ownership, which causes deeper issues beyond the obvious as well.
Commerce doesn’t cause problems as it’s just resolving a situation of swapping the widgets you made for carrots. Barring some market-twisting forces like the stock market for example, a simple free market where you’re happy with the amount of carrots you get for the amount of widgets you get is fine.
The evil of capitalism is not that you can trade. The evil of capitalism is that you go to work, and receive a fraction of the product of your work while someone else who does not work at all receives a lot of it.
Technically the current capitalist western system would be socialist, if employment without ownership would be outlawed, and coops were the enforced norm.
And most of the time you’d be right.
I wouldn’t say all problems are because of capitalism. I do believe that most of the problems I face are exacerbated by capitalism.
The greatest crimes are caused by excess and not by necessity.
I’d encourage you to expand your worldview - a lot of problems we attribute to capitalism are mostly because of hierarchy.
This is the neuance. Could there be a fair form of capitalism? It depends upon the systems and the people that run them. Centralisation of ownership is the next step beyond the centralisation of power, because after a while they become intrinsically the same. Absolute power corrupts absolutely, absolute wealth corrupts absolutely.
But also, the stock markets which can be beneficial are also forms of glorified gambling where the house always wins, the commodification of the housing market, the silly notion of shell and shelf companies (easiest, most effective way of side stepping regulations and laundering money), debt slavery, the price gouging of life saving medicine, the race to the bottom where costs, quality of product and salaries need to be cut, where the line between product and service becomes thinner for every day to the point where you retain less and less ownership by each year, which you can’t really blame anyone for, because all of these systems are designed to be a constant, churning, soul killing rat race, turning the pace of life to a literally unlivable speeds, which also reveals that even the ones up in the hierarchy become degenerate with greed, mostly because they live so far up that their human brains can’t fathom the effect they have down the chain, because it goes against their interests.
Instead of then going on another witch hunt, we need to look at these systems and the effects they have on the human psyche.
But hey, that’s just my take.
The word you’re looking for is “commerce”.
No there cannot be a fair form of capitalism because it is centered on exchange. You have to center your life on turning your time into a profit to afford the whole rest of society’s product also sold at a profit, at its most basic level it is unsustainable.
Yeah, that’s pretty much it. Like the idea of shell and shelf companies is a capitalist concept, that and mother companies, daughter companies, etc.
I particularly dislike shell and shelf companies, because they are almost always used to sidestep law and regulations, as well as being used for money laundering. It’s a system whereby you can easily move around money, back and forth, up and down, to the point where the money has been obsfucated in so many accounts that it requires a large team of exonomists AND all the accounts to figure out wrongdoing.
Because of this you could make a ton of profit off human trafficking, put that money into a south African shelf company, launder it for like a max 30% and boom: legal tender.
Capitalism causes tons of economic crime that can never be solved.
Capitalism is fundamentally hierarchy established in property rights. Doing away with hierarchy does away with Capitalism. Unless, of course, you’re arguing for Anarcho-Communism or something.
Hierarchy is baked into capitalism. Your take is incorrect.
I think so too. If there is hierarchy someone will abuse it. But i also think that capitalism creates structures of hierarchy in itself.
Nah, the problems are due to capitalist economic relations and systemic pressures these relations create in society.
Not only capitalism entirely based on the hierarchy of ownership, but it also reinforces already existing social hierarchies as those in power receive more profits and capital, and thus more power and influence in a broader society. You cannot say hierarchy is bad and be pro capitalism. Leftist ideologies are ways to try to democratize the economy, which flattens hierarchy. Anarchism is inherently anti capitalist.
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No, in a real free market the banks would lobby to be bailed out. Removing even more regulation from it would result in more lobbying. Even with anti-corruption measures, without worker ownership or massive Unionization, eventually these protections will slide back once someone more opportunistic takes office.
Worker Ownerhship and decentralization are the correct path, rather than antidemocratic Capitalist production.
In a real free market companies will lobby the government to bail them out.
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I hate how dated this is now
Yep, it’s obvious that that’s how many people here see all their problems.
It’s also clear that people who deny the extent to which capitalism actually makes the world worse either a) don’t know what capitalism is, or b) are rent seekers
Or perhaps we know history and economics.
What history? What economics? Vague gesturing and feigning superiority without actually saying anything is peak.
You’re implying that the meme “capitalism bad” has amazing amounts of nuance.
You weren’t replying to the meme, you were replying to someone else in the origin of this fork of the comment chain. I’m implying that you in particular have no nuance.
Well, you’re not wrong, but what I replied to (“don’t know what capitalism is” and “are rent seekers”) wasn’t exactly filled with nuance, either.
Fair enough, but again, you somehow had even less nuance and pulled the classic bit of feigning superiority.
Many people have problems related to income inequality. We went to college, got good jobs, and we still don’t have enough money to maintain the lifestyle we were promised. We don’t live in a socialist country, we live in a capitalist country.
What were you promised? Like, owning a home? Home ownership rates in the US have been in the 63-70% range during all of 1966-2023, almost completely stable. Local purchasing power is #5 in the world for americans. What exactly is the problem over there?
We in Europe are having it much worse if you look at the data, especially now when Russia is being fucking Russia.
Now do the home ownership rate in socialist countries
(Hint, the “American dream” of owning a home is much easier under socialism)
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And it’s the root cause vast majority of the time.
Well, you’re usually in the general vicinity of the root cause of any problem by that assumption.
Me when I see any problem anywhere:
Overpopulation
Overpopulation is also because of capitalism to a large degree
In the sense that it is fascist rhetoric sure.
Overpopulation is a myth.
I am not that simple , some issues are due to my horrible mental health which is horrible for reasons which are not entirely caused by capitalism , I think
