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submitted 2 months ago by compostgoblin@slrpnk.net to c/memes@lemmy.ml
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[-] octopus_ink@lemmy.ml 178 points 2 months ago
[-] squid_slime@lemm.ee 39 points 2 months ago

The flaw in capitalism and the flaw that makes it unmanageable is how over time capitalism will find ways to extract more for less.

This will always fall to the workers. The recent recession had tax payers bail out the banks as well as pay bonuses. all because banks got very greedy.

[-] Juice@midwest.social 42 points 2 months ago

Its not a flaw, its working as planned. But yeah, our "market solutions", basically any problem created by capitalism just gets exploited for profit. Even when the economy crashes its actually a good thing for the very rich, as it " disciplines" labor, moves people down and out of the middle class which lowers wages systematically, takes out a few competitors, etc.,

[-] PolandIsAStateOfMind@lemmy.ml 15 points 2 months ago

Even when the economy crashes its actually a good thing for the very rich, as it " disciplines" labor, moves people down and out of the middle class which lowers wages systematically, takes out a few competitors, etc.,

If you look at it, every crisis always results in transfer of wealth up. Covid was the biggest up to date.

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[-] Cruxifux@feddit.nl 29 points 2 months ago

Yes exactly.

[-] insaan@leftopia.org 25 points 2 months ago

Strong "I can fix him" energy out there.

[-] LovableSidekick@lemmy.world 19 points 2 months ago* (last edited 2 months ago)

You can be fine with the innovation and entrepreneurial spirit of capitalism and still favor a wealth cap and abolishing laws like Citizens United that give money undue influence on politics. Extreme wealth concentration actually hurts capitalism by starving the spending economy of money. It's a defect in the system that eventually spoils the system.

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[-] mr_scrawley@feddit.org 14 points 2 months ago
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this post was submitted on 06 Jan 2025
1491 points (97.2% liked)

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