this post was submitted on 20 Jul 2023
417 points (76.2% liked)

Asklemmy

43831 readers
964 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. 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.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS
 

Hi all,

I'm seeing a lot of hate for capitalism here, and I'm wondering why that is and what the rationale behind it is. I'm pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn't the right forum for a political/economic discussion-- I'm happy to take this somewhere else.

Cheers!

you are viewing a single comment's thread
view the rest of the comments
[–] cannacatman@kbin.social 5 points 1 year ago (2 children)

A more highly regulated capitalism with high business taxes and no loopholes so companies pay their fair share for operating in a market that provides them their revenue.

There should also be nationally controlled resources instead of privatizing them (internet should be included with water and power).

That would be a good start.

[–] DJDarren@beehaw.org 3 points 1 year ago* (last edited 1 year ago)

To my dying day, I won’t understand why anyone (who doesn’t benefit from it) could think that privatised utilities are a good idea. The last forty years have seen a steady decline in, well, every aspect of formerly publicly owned industries in the UK, but stans for capital still wang on about how publicly owned utilities in the 70s were crap.

Crap, maybe, but a damn sight fucking cheaper.

[–] HubertManne@kbin.social 2 points 1 year ago

im here with you. capitalism is fine in cases were there is significant and robust competition. for things that are not necessities and in all cases there should be significant oversight and regulation by a democratically elected goverment over it.