There are different kinds of capitalism, just like there are different types of socialism.
Authoritarian socialism or communism is the worst, and crony capitalism is what we currently have, and is pretty bad too. But there are things like democratic socialism and stakeholder capitalism which attempt to balance competing interests.
For example, stakeholder capitalism is where all of the stakeholders benefit from their contributions, including labor. Workers get a share of the profits of the company, and are paid well as stakeholders in the company. The workers often own part or all of the company. There are also cooperatives, where the customers own the enterprise. Cooperatives work great for healthcare and necessities like groceries.
People tend to pick the worst examples of capitalism and socialism, but those are not the only flavors.
…okay? that wasn’t the question being asked. did you get confused at some point?
like, i agree with what you said, just…what does it have to do with the current state of affairs?
the entire comment chain talks about the past and how capitalism has (supposedly) improved conditions. (since that “improvement” is implied to have already happened by the past tense, we’re talking about the current system. without specifying anything about exactly “who” those conditions have improved for…conveniently)
so i fail to see the connection to (largely) theoretical improvements to capitalism…
…those are all significantly worse under capitalism, how does that help the argument?
There are different kinds of capitalism, just like there are different types of socialism.
Authoritarian socialism or communism is the worst, and crony capitalism is what we currently have, and is pretty bad too. But there are things like democratic socialism and stakeholder capitalism which attempt to balance competing interests.
For example, stakeholder capitalism is where all of the stakeholders benefit from their contributions, including labor. Workers get a share of the profits of the company, and are paid well as stakeholders in the company. The workers often own part or all of the company. There are also cooperatives, where the customers own the enterprise. Cooperatives work great for healthcare and necessities like groceries.
People tend to pick the worst examples of capitalism and socialism, but those are not the only flavors.
…okay? that wasn’t the question being asked. did you get confused at some point?
like, i agree with what you said, just…what does it have to do with the current state of affairs?
the entire comment chain talks about the past and how capitalism has (supposedly) improved conditions. (since that “improvement” is implied to have already happened by the past tense, we’re talking about the current system. without specifying anything about exactly “who” those conditions have improved for…conveniently)
so i fail to see the connection to (largely) theoretical improvements to capitalism…