this post was submitted on 07 Nov 2023
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[–] Rolder@reddthat.com 74 points 1 year ago (39 children)

I’m a fan of capitalism with tight regulations and checks on corruption, personally

[–] SeethingSloth@lemmy.world 32 points 1 year ago (9 children)

The very nature of capitalism facilitates concentrations of power, which will utilize that power to accumulate even more in any conceivable way. The system is fundamentally flawed and needs to be replaced if we care at all for basic human rights and a future for this species.

[–] Rolder@reddthat.com 16 points 1 year ago (8 children)

What is your proposed alternative? I struggle to think of any system that doesn’t inevitably result in concentrations of power

[–] dangblingus@lemmy.world 15 points 1 year ago (3 children)

Social Democracy. Commerce is key to strong economies, not capitalistic wealth hoarding.

[–] rchive@lemm.ee 4 points 1 year ago

Is there a country that you'd consider a good example of this?

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[–] UnderpantsWeevil@lemmy.world 24 points 1 year ago (12 children)

I'm a fan of monogamy with multiple sexual partners.

[–] WhiteHawk@lemmy.world 3 points 1 year ago (1 children)

anarcho-capitalism is not the only form of capitalism that exists

[–] UnderpantsWeevil@lemmy.world 3 points 1 year ago

Anarchist Capitalism is a delusion. You're always going to have someone with a bigger gun telling other people what to do. That's a de facto state whether Peter Thiel and Murray Rothbard want to admit it or not.

Once you sever democratic control of capital and allow landlords the freedom to raise rents, the ball only continues to roll downhill. People will keep looking for chinks in the regulatory armor (or create them through brute force) until the market system collapses. There is no "regulated capitalism" that endures continuous contact with the corruptive influence of the profit motive.

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[–] CuttingBoard@sopuli.xyz 8 points 1 year ago

Casinos have to have rules.

[–] WhiskyTangoFoxtrot@lemmy.world 6 points 1 year ago (3 children)

I'm not a fan of any overarching system, however capitalism is the one I, and I suspect most of the people reading this, live in. Therefore the best way of addressing the problems our society faces is to do so using the tools that our capitalistic system provides (such as regulation and oversight) rather than twiddle our thumbs waiting for some grand revolution to fix everything.

Claiming that the only way to improve our situation is to completely overturn the system does nothing but promote inaction.

[–] UnderpantsWeevil@lemmy.world 6 points 1 year ago* (last edited 1 year ago) (2 children)

Sitting my kids down and telling them that the only way to send them to college is to keep buying scratch-off lottery tickets.

Angrily insisting that the only other alternative is to tear up the entire higher education system. Its either gambling on scratchers or doing a bloody uprising. No other alternatives.

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[–] dangblingus@lemmy.world 5 points 1 year ago (2 children)

You're a fan of exploitation of the working class?

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[–] creditCrazy@lemmy.world 3 points 1 year ago

Honestly I think capitalism works so long as you can make sure greedy people can only satisfy their greed through productivity rather than insider trading and buying companies that are competitive or implementing micro transactions into fully priced games infact that's the reason why I've been against stock markets just like how are these people improving life for others

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