this post was submitted on 24 Jul 2024
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US Authoritarianism
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But they took the risk. The risk of spending loaned money at minuscule interest rates and offsetting any real losses by petitioning the state for handouts. They took the risk of making guaranteed profits on political donations leading to regulatory capture.
The capitalism that people imagine (which I still wholeheartedly reject) isn't even the capitalism that's real in practice.
Even putting aside the inherent inequality of risk having a significant coefficient applied to it that diminishes when you come from generational wealth and a family with the right connections.
The myth of capitalist meritocracy is the most blatantly false myth that's ever been peddled but it works on so many people. It's mind boggling.
Ironically things like UBI might level the playing field a bit in terms of entrepreneurship becoming more accessible, but for some reason capitalism advocates don't actually want more people to be able to participate in capitalism.
Because the moment someone is given something like UBI to help lift them up and provide an equitable playing field for everyone, you get some asshole focusing on how they don't "deserve" it. As if the only thing you can possibly to in order to "deserve" to live is have a job where you are paid the bare minimum your company thinks they can get away with paying you so a few folks at the top get filthy rich and a few in the middle get rich enough not to think to much about the folks at the bottom.
Yep, and tell me how peopke born into richesses "deserve" it...
It's also the slippery slope towards the idea that some people are worth less and some more, as the rich worthless people with inflated egos needs to have something to project their useless souls onto, wanting to believe they are worth more "because they are inherently better". And we all know where that leads to.
So they are not just useless, but also dangerous.