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€“] onescomplement@lemm.ee 2 points 1 year ago (7 children)

I think people often mix up capitalism with market-based economies. The former describes social relations while the former describes how commodities are distributed.

I'm personally not a fan of either. A planned economy geared toward people's need, with the withering away of socio-ecomic classes (no more worker and capitalist distriction) just makes better sense to me.

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[โ€“] Veraxus@kbin.social 2 points 1 year ago* (last edited 1 year ago)

Unchecked capitalism allows for the snowballing consolidation of wealth and power, and is therefore inherently authoritarian/exploitative of others. It is possible to have markets that encourage and reward creativity, novelty, and competition without allowing any person or entity to become too powerful (mind you, wealth and power are always the same thing - or more specifically - two sides of a single coin).

This is also why you will see leftists attacking liberals - because liberalism is simply an extension of capitalism: the allowance and encouragement of inequitable consolidation of wealth and power. An egalitarian ends must actively oppose, prevent, and even correct such consolidation. Capitalism and liberalism are the enemies of freedom, liberty, and justice.

[โ€“] AergisGeist@lemm.ee 2 points 1 year ago (1 children)

It's easy to blame capitalism when you're an American who has never traveled to a country with strong social safety nets and checked capitalism. I also assume most people who call themselves communists aren't actually communists though, they just want stronger systems in America to help the poor (Healthcare, education, etc)

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