I might get a bit of hate for this, but fuck it. Capitalism isn't evil, just flawed enough that the evil can take advantage of it. Socialism makes sure that people have what they need, very good. Capitalism lets people get what they want. I propose smashing those 2 together with rather heavy regulations to prevent exploitation. This has kind of been done, but to a rather light extent. I'm not an economist, I'm just a guy. Don't listen to me. Eh, like 3 people will see this. How's your day going?
If I understand the communist/Marxist take on this, retaining any form of capitalism just allows the reproduction of these circumstances down the line. You stop it in the short term with laws, but if you retain the power of capital then those people just buy elections, buy politicians, etc, and we're back to this scenario again.
I'm not sure I agree with everything involved with communism, but I do agree with their take on this problem. We're going through it right now in the US. We fought, literally shed blood, for the rights we have and the regulations that protect us, and then money comes in and buys a shit government to take it all away.
If I understand the communist/Marxist take on this, retaining any form of capitalism just allows the reproduction of these circumstances down the line.
It's not even really theoretical. Lenin famously established the New Economic Policy (NEP) which basically allowed capitalism for farmers. As a result some farmers became quite wealthy and this gave them economic power over the communist party officials that were ostensibly overseeing them (Stalin during a tour in the mid-'20s often found his officials living in the houses of "kulaks").
Stalin of course solved this problem by exterminating the entire class of wealthy peasants - and a whole lot of other people, too, not to mention almost all of the nation's livestock. I guess the lesson here is that only rampant psychopathy can defeat capitalism, which is kind of depressing.
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In my experience, and if history has anything to say, if either system is half assed, exploitation is waiting on the other side.
Also just a dude, open to be corrected
I would say Sweden is a social-capitalist society
I said this elsewhere too, but the bottom panel depicts something other than capitalism, since capitalism definitionally requires a competitive market.
Companies that are ostensibly in competition but not fighting each other too hard, is just another way of saying they are not in competition. It's not capitalism.
The competition exists, but it's basically just a few megacorporations in each industry. They're not fighting each other too hard.
That's because the US hasn't enforced antitrust law for a few decades. This wasn't supposed to be allowed to happen.
Capitalism is just another word for hoarding. The fact that it allows to have what you need is a side affect that capitalist would rather fix; it's a leak.
This is a failure of government to block these kinds of acquisitions. Google shouldn't be allowed to buy so many companies.
The solution to not being able to buy everything you want was to buy politicians so then you can buy everything!
Capitalism really does breed innovation! Woo!
/Wrist.
True, but like the one ring trying to get back to sauron, all of capitalism's will and malice bends towards monopoly.
And thats fine. As things develop we would expect mature companies to trend towards monopoly. Its up to the government to decide where to draw the line.
How do you prevent someone from Reagan coming and deciding monopolies are cool, and taking us back to this hellscape?
That's not unique to capitalism. That's just what living in a society made up of humans is like. Incompetence and malice (whichever applies) will exist for as long as there are people.
You can't. Unfortunately democracies are run by the people. But think about the alternatives. At least democracy has a choice to not vote for him or vote him out in other systems that option may not be available.
America isnt fucked because of capitalism. I believe its fucked because of the American people. I believe their government does reflect their views in the way it was designed. I'd say the only way America could stop a person like Regan getting in is to convince people that those ideas are bad and to not vote for anyone like that. Easier said than done but not impossible.
Other government systems that allow smaller parties are in my opinion far better because they can reflect more views at a single time and force major parities to address popular issues. Other capitalist countries are not like America and while life isnt perfect and there is still inequality they still enjoy a decent quality of life and a fair society to operate in.
I think capitalism has done a number on the american people, and that's why they're in the state they're in. Poorly funded education plus dubious news sources (eg: fox news) is a bad combination.
I think its the fault of bad leadership and a culture that values individualism and "wild west" kind of isolation. Its also tough because America is huge its no wonder people in Texas dont care about people in new York, they're a world away. Its sad, I feel for the people in America right now. I'm not sure how theyre going to get past this but i think they can. Its going to take a ton of change from the government and the people.
Fox News and some other outlets like it are pure propaganda. I don't have an answer to it, but it's very frustrating that we're apparently so defenseless and helpless against something that's intent on destroying democracy. We have no active defenses.
Easy laws that could stop this bullshit:
-
A company can't own other companies.
-
A company cannot have more than 2500 employees.
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A company cannot employ contractors, outside or temporary workers numbering more than 10% of it's total work force.
No mega corporations, no buying out competition, no loopholes to employment standards.
Edit; forgot a main one
- The highest paid individual cannot make more than 40x the lowest paid employee.
No c suite billionaires avoiding paying the workers.
We DO have very explicit laws against it, they have just sat unenforced since the 80's (except for a few brief years in the 2020s).
Might need some additional consideration, though. We can cap the size of companies, but does that address consortiums or franchise models?
The contractors section might also need more clarification. I get the concept, but I think we might need to specify who counts as a contracted worker in this scenario. An office of 10 employees might not need full-time housekeepers on their payroll, but would they be in violation if they contracted out a couple of cleaners who also service other businesses in the area to tidy up once per week? Or if I'm a solo game developer, or even a team of 5, am I in violation if I contract someone to compose the soundtrack?
My main office has 8 employees. We clean our own place. If you need a cleaner, hire one. If you're not big enough to support that, clean it yourself. Maybe you need phones answered, hire someone that can clean when they're not on the phone.
If you needed to have a composer, they become part of your team, or you buy music from them. The composer wouldn't be a contractor from a company, but rather somene who produces their own art and can sell it as they see fit, or they work on the payroll for the project. This not only gives more power to creators, but cuts out every leech middleman driving up prices and lowering average wages. Mass communication through the internet has killed the necessity for giant advertising firms to get your name out there.
For franchises, I would argue anyone running a McDonalds works for McDonalds. Hit that cap of 2500, and suddenly there's room for competition and innovation, instead of a sea of the same trash everywhere you go.
Even the top image sucks.
Have you ever listened to a child invent some piece of mythology and try to pass it off as fact? Maybe it's just my kids, but they like to make stuff up to explain stuff they don't understand. Like one time my kid said that the postal worker lives at the post office, and that all the mail in the whole country arrives at her house where she sorts it and then delivers it to everyone like Santa Claus. There's a series of pneumatic tubes going every which way, and a fleet of postal trucks to save time on refueling. There was a whole team supporting her as she drove across the country, making deliveries. She ate flavored stamps and slept in an envelope-shaped bed.
My point is, nobody told her that's what happens. She understood some of the concept and filled in the rest with what she thought might be true, what she thought should be true, what she hoped was true.
Nobody who understands capitalism has ever thought that capitalism creates fair competition or encourages innovation. People who say it does are either lying or they are talking about how they think it should work, ideally, because they have not yet realized that it cannot work that way. The mythology of capitalism is repeated and shared and taught like gospel, and with the same level of critical thinking.
I heard a comedian and an atheist point out that, if all the science books were destroyed and all the scientific knowledge lost, eventually humans would rediscover every truth. If every holy text were destroyed, and all religious theology lost, those ideas and stories would be gone forever.
Were society to collapse, and civilization had to start anew with no concept of economics, you can be damn sure capitalism would make an appearance, only it wouldn't be called capitalism.
Well now I must know more about Postal World. Do they grow the stamps that they eat? Aren't all beds enveloped shaped, or are the sheets folded a certain way to imply an envelope.
Also, to your point about capitalism. Monkeys trade bananas for sex.
I don't want to defend capitalism, but the bottom panel depicts activity that is technically very illegal in the US (but antritrust laws have not been enforced by the FTC since the 1980s, barring a few short years in 2020s under Lina Khan).
Capitalism definitionally requires competition, without it you have... something even worse.
Laws that are only enforced by fines are legal for a price.
And those prices are currently being adjusted downward...
I believe it was Wells Fargo that was caught creating fake accounts under real customers names (why, I can't remember) and they were fined something on the order of millions for it.
Mango Mussolini comes in and drops it to hundreds of thousands...
Sounds like he wants more favorable mortgage rates.
Cost of doing business, baby.
Also "I replaced spring water with filtered sewage water, makes my product taste like shit but I can produce it for a fraction of the cost and sell it for the same price"
"Luckily" bottled water companies bought unlimited access to municipal water sources for pennies on the dollar, so fresh water is cheap enough (since they're piggybacking off of the water company's work filtering and purifying it) that they see no need to adulterate their product.
Sure sucks for the communities whose water is being siphoned away, but meh. It's their fault for not being born rich.
Also: I just bribed politicians who will let more uneducated immigrants in so I can exploit their labor and pay them pennies on the dollar compared to your local laborers. And I started a culture war so that anyone who raises concern to the immigration and how it suppresses wages will be silenced and called a racist by the left even though it undermines their own cause.
This actually happened in Europe.
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