this post was submitted on 11 Sep 2023
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I see it as an incentive structure problem. Capitalism in itself isn't inherently evil, but what we've created is a system of perverse incentives, where the closer to the top you get, the more incentive there is to fuck everyone below you, and the more capable you are of doing it. People will mostly go for what benefits them most, or at least is perceived to benefit them most. If there was a much larger cost to fucking front line workers, for those in charge, things would change tomorrow. The other part of the problem is the people at the top now have so much influence they can stop changes to the incentive structure.
The word you're looking for is "regulation".
Capitalism's only job is to be a paper clip factory. All they will ever care about is making paper clips. If left unchecked, they will run amok and fill the universe with paper clips.
It's government's job to provide the walls and the rules and the guidelines that protect its people and prevent that from happening.
But the paper clip factory managers started running for office. And duped people into voting for them. And now the halls of congress and governor mansions and parliments and white houses etc. are filled with paper clips and now nobody can get anything done.