this post was submitted on 03 Aug 2023
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What is an alternative to capitalism?
I agree that unregulated capitalism has its flaws but I personally don't think that capitalism itself (if properly regulated) is inherently bad.
The definition they use for capitalism is different from how it's commonly used. They focus on the incestuous relationships between capital and government while a more common use includes each individual's ideas about what interference is necessary.
Just trying to make sure nobody's talking past each other.
Capitalism is inherently bad because every dollar of profit is a dollar exploited from the supplier, producer, worker, and customer all to benefit the owner who only got to their position by having exploited enough people and sequestered enough resources through leveraging this hellish ouroborus.