this post was submitted on 18 Feb 2025
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No. This is exactly what capitalism does. Make no excuse for it.
There is no "better" capitalism. The whole point of capitalism is unlimited, unchecked growth. Even if you contain it for a time and it's not so bad, it will work slowly (at first) to erode all safeguards. It will always become this.
The Scandinavian countries are capitalist, not socialist, and they're experiencing the exact same capitalist decay as the rest of us.
A social democracy and socialism are nothing alike
You're pretty uninformed about what these fundamental concepts are, and especially in light of the state of the world today you should consider taking some time to really learn about what they mean.
You can begin on Wikipedia, tbh. Concepts like socialism, communism, capitalism, etc. are pretty well defined there and neutrally so. I am a leftist, so most of my other sources are within that ideology and would be considered biased.
Socialism isn't about providing welfare, but about democratizing the economy so that workers can make economic decisions in a fair way. Currently economic decisions are made by a small ownership class (capitalists) and driven by the profit motive. Profit doesn't always mean what's best, just what makes the owners more money. Socialism allows workers to make decisions without this profit motive being the primary consideration, and while reaping the benefits of their own output.
A government that taxes corporations and the wealthy to fund social programs is better than one that doesn't, but that doesn't do much to empower workers or allow economic decision making by the working class. That's the key difference.