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this post was submitted on 23 Aug 2023
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Not everyone in capitalism is a winner, and that's ok. The big advantage is that the losers are usually offered the opportunity to work and make a living.
The alternative is crossing your fingers and hoping the government (or whatever body is responsible for distributing pay) gives you what you need. If they don't, tough luck, there's nothing you can do about it.
The problem is that the biggest "winners" in this case are almost exclusively the people willing to go the furthest to put profits ahead of people, which in a better system would never be incentivized.
That leads to a beauty of capitalism though. People prioritize profit, yes, but with competition, the way to make a profit is to be appealing to people. You make a profit by providing the best good or service at the best price. This means that the people who have the goal of profits also have the goal of pleasing their customers.
There's a quote from somewhere that goes something like this "capitalism takes the most ambitious, selfish, and capable people and forces them to stay up at night thinking about what everyone else wants".
What about monopolies?