this post was submitted on 20 Jul 2023
451 points (76.1% liked)

Asklemmy

44151 readers
1336 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago
MODERATORS
 

Hi all,

I'm seeing a lot of hate for capitalism here, and I'm wondering why that is and what the rationale behind it is. I'm pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn't the right forum for a political/economic discussion-- I'm happy to take this somewhere else.

Cheers!

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 3 points 1 year ago

This feels closest to the response I would have written. I would perhaps add, that one of the consequences of this system is, that money insulates you from having to improve. Someone like Trump will never go to a therapist to fix whatever mental illness made him turn into who he is, precisely because he doesn't need to. Money can prop up the most evil, stupid, useless people for generations and generations. If they had to live examined lives, they'd stop being evil. The only ways to fix this, that I can see, are all utopian sounding, but shouldn't be. Wage ratios for example. As CEO you simply shouldn't be able to hold more shares or earn more income than, say, 10x that of the lowest paid worker in your organisation. And that needs to include subsidiaries and 3rd parties. This system would have to be implemented globally. Never going to happen though. We can fight a pointless global war on drugs, but we definitely won't reduce CEO income.