Until capitalism gets so large and unregulated that they can fund and control the government, which is what led to many of those “winner” picks that you describe.
It gets messed up both ways. We have many industries that are degrading because they’ve reached the limits of what they can innovate and instead are trying to find corners they can cut anywhere they can, while having the clout to get away with it.
Capitalism will also always end in fascism because of greed. Greed is what motivates companies to beg for government handouts when the market deemed them unfit.
Greed is what motivates them to influence politics via regulatory capture and lobbying.
Greed is what moti ates them to push worse and worse quality products and services for higher and higher prices.
Greed is what makes capital owners pay their employees wages insufficient to live on, while pocketing 90+% of the profit generated by the same employees. All while actually doing nothing of value.
Yeah, the system is built on greed. This isn’t a good thing, and the fact that you think it is just boggles my mind. Are you being paid to push this? Do you really want to see your progeny enslaved that badly? What the fuck is the matter with you?
Making a better product is the least efficient way to make a profit in capitalism. You’d make far more by forming a cartel and price fixing, partnering with a capital management fund to undercut the market until you drive your competition out of business and become a monopoly or simply selling a shit product for a premium and using the extra revenue to suppress bad reviews and fabricate good social media buzz.
Capitalism is the most useful economic system, but if you don’t regulate it, you just end up in the Gilded Age. You have to be able to yank the choke chain, because corporations can’t be trusted to behave right. It’s disingenuous to phrase that as the government picking “winners and losers”, the purpose of the market economy is to serve the well-being of the people and it must be forced to whether it wants to or not. That’s why America’s economy was strongest when our top marginal rate was over 90%, it’s why monopolies are illegal, and it’s why you aren’t allowed to pay your employees in Pullman Dollars. The idea of the unregulated capitalist economy being able to do the most good is as naïve a pipe dream as the idea of a fully centrally-planned economy ever working.
I’ve been saying this for years. Capitalism or communism makes no difference if you let your leaders do whatever they please. Most of the time it’s not benevolence they’re reaching for and the marginalized few that are become outcasts. If only conservatives and socialists knew how much power the middle class could have if we banded together
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Until capitalism gets so large and unregulated that they can fund and control the government, which is what led to many of those “winner” picks that you describe.
It gets messed up both ways. We have many industries that are degrading because they’ve reached the limits of what they can innovate and instead are trying to find corners they can cut anywhere they can, while having the clout to get away with it.
Capitalism will also always end in fascism because of greed. Greed is what motivates companies to beg for government handouts when the market deemed them unfit.
Greed is what motivates them to influence politics via regulatory capture and lobbying.
Greed is what moti ates them to push worse and worse quality products and services for higher and higher prices.
Greed is what makes capital owners pay their employees wages insufficient to live on, while pocketing 90+% of the profit generated by the same employees. All while actually doing nothing of value.
Yeah, the system is built on greed. This isn’t a good thing, and the fact that you think it is just boggles my mind. Are you being paid to push this? Do you really want to see your progeny enslaved that badly? What the fuck is the matter with you?
They just love the taste of that boot so fuckin bad.
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Making a better product is the least efficient way to make a profit in capitalism. You’d make far more by forming a cartel and price fixing, partnering with a capital management fund to undercut the market until you drive your competition out of business and become a monopoly or simply selling a shit product for a premium and using the extra revenue to suppress bad reviews and fabricate good social media buzz.
This
Capitalism is the most useful economic system, but if you don’t regulate it, you just end up in the Gilded Age. You have to be able to yank the choke chain, because corporations can’t be trusted to behave right. It’s disingenuous to phrase that as the government picking “winners and losers”, the purpose of the market economy is to serve the well-being of the people and it must be forced to whether it wants to or not. That’s why America’s economy was strongest when our top marginal rate was over 90%, it’s why monopolies are illegal, and it’s why you aren’t allowed to pay your employees in Pullman Dollars. The idea of the unregulated capitalist economy being able to do the most good is as naïve a pipe dream as the idea of a fully centrally-planned economy ever working.
Capitalism without proper regulation is just crapitalism.
And crapitalism without digestive regulation is brapitalism
I’ve been saying this for years. Capitalism or communism makes no difference if you let your leaders do whatever they please. Most of the time it’s not benevolence they’re reaching for and the marginalized few that are become outcasts. If only conservatives and socialists knew how much power the middle class could have if we banded together
Much of the global south would like to have a word