this post was submitted on 26 Nov 2023
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Asklemmy
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Do you really have to ask? Capitalism, when it goes unchecked, turns everything shitty. Capitalism has been relatively unchecked in the US for the last 50 years, so everything is shitty. That’s starting to change as unions become more powerful again, but they’re still a fraction of what they were in the early 20th century. Late stage capitalism, baby!
mArXiSm
go actually read Marx, dude was smart af.
Anything in particular? He has boocoos of books.
beaucoups
There are multiple acceptable spellings of this word.
I chose boocoos, because it looks funny.
Capital 1, if you can hack it.
It's very long. Seems interesting, though. As someone that has lived in communism, I can say with first hand that it doesn't work en mass. But, then again, capitalism doesn't work either...
It's more of a treatise on economics.
Oh ok cool. I added to the reading list yesterday, and plan to get to it after the one I'm reading now.
The Manifesto is literally 20 pages.
Not only are unions enjoying a resurgence holding employers to account, the FTC under Lina Khan is doing antitrust for the first time in most of our lifetimes. It's bad now, but it will get better if we fight for it like we did back then.
Unions have nothing to do with companies enshittifying their products and services
Free the beers and we might see some novel inventions like the Japanese toilet bidet )
Capitalism broke down (well, it was torn down) during the pandemic and the shitty quality of market goods is a result of the lack of free market completion.
Things were improving steadily as they tend to do under free market operations, and then as part of our emergency response we forcibly shut down the economy.
That starved small business, and those small businesses got acquired, and as a result there is now more market consolidation, hence less competition, hence less incentive to improve.
Horizontal market concentration is definitely emergent from capitalism in a free market. This accelerated it, but things weren't getting better beforehand.