Anarchism

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db0@lemmy.dbzer0.com

The "Risk" in Capitalism is nothing more than a scare tactic (dbzer0.com)

submitted 1 month ago by db0@lemmy.dbzer0.com to c/anarchism@lemmy.dbzer0.com

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Wrote this a while ago, but someone just brought back the same tired argument 16 years later (goddamn!) so I felt it was a good time to repost.

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[–] winterayars@sh.itjust.works 2 points 1 month ago (1 children)

Putting it another way, what's being described here is not a capitalist. It is a bank or other form of money lender. When you take out a loan the bank is taking a risk that you won't pay them back, but if you do they get a little extra in the form of interest. You don't, however, keep paying them for the rest of your life even once the loan is paid off.

[–] db0@lemmy.dbzer0.com 5 points 1 month ago* (last edited 1 month ago)

No it's describing the capitalists as well, or more accurately the arguments right libertarians make to argue that capitalists deserve profit for the "risks" of investing their capital.