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submitted 1 year ago by o_o@programming.dev to c/asklemmy@lemmy.ml

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!

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[-] julianh@lemm.ee 58 points 1 year ago

Are they really subversions? A pure capitalist society is determined purely by incentives and the rules of economy (supply and demand and such). If it's in a business's best interest to do something unethical, they will do it. They will band together to price fix, they'll collaborate to pay workers the bare minimum, they'll create monopolys and duopolies to get the most money possible, because in a capitalist society, money is the #1 incentive. Government regulations are anti-capitalist policies to prevent these things from happening - although maybe not as effectively as they should be, given how things are.

this post was submitted on 20 Jul 2023
449 points (75.9% liked)

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