this post was submitted on 20 Jul 2023
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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!

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[โ€“] monobot@lemmy.ml 1 points 1 year ago

People have different definitions of capitalism, and cound different side effects into that definition.

While you are correct in your claims, it does look like you are not seeing negative effects it has on society and economy.

Similar thing happens with the other side, they usually put criminal activities (like corporations poisoning people) into definition of capitalism or they directly blame it for that kind effect on humans.

I think that is just not really accepting the nature of humans.

Shit will happen in every *isam and each one will be good for something.

That doesn't mean we shouldn't challenge everything that we see as bad, and there is no need to make those classifications.

It is like politics, looks like you can not be for lower taxes and support same sex marriage at the same time, even thou there are people with those options.

[โ€“] clay830ee@lemm.ee 1 points 1 year ago* (last edited 1 year ago)

I'm a bit libertarian leaning myself, but I do believe capitalism requires moral constraints on external, societal costs that are not included in market forces (e.g. environmental pollution).

In short, capitalism's greatest benefit it is also it's greatest issue: it delivers most efficiently exactly what people want, but without any evaluation whether those wants are beneficial.

[โ€“] uglytruck@kbin.social 1 points 1 year ago

I have always believed that the majority of the world's problems stem from almost all of the world's countries rely on a private bank to print and regulate their money. Those banks aren't capitalistic, but I bet the people behind them are the richest in the world.

Capitalism is built on the exploitation of others. Slavery, Homelessness, and Pollution are all side effects of a profit driven market without restrictions.

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