this post was submitted on 21 Sep 2024
949 points (91.8% liked)
Memes
45903 readers
2445 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Capitalism is explicitly designed for people to benefit themselves at the expense of others. Capital begets more capital in a positive feedback loop that results in massively powerful billionaires.
If you elect representatives, those representatives are checked somewhat by the threat of being voted out. Capitalism has no such check. Sure, ostensibly people can choose not to buy a product, but unregulated capitalism selects for monopolies.
Capitalism was never designed, it emerged from Feudalism. Capitalism was never an idea, but a result of technological advancement, just as Socialism will be from Capitalism.
Just a minor correction, the rest of your comment is broadly correct.
If we're being technical, it resulted more directly from mercantilism than feudalism.