4 ms·
It would be more accurate to say unfettered capitalism does more harm than good. I don't think most people want to grow a gnarly beard, take up hammer and sick
by thomascgalvin 7y ago
It would be more accurate to say unfettered capitalism does more harm than good.
I don't think most people want to grow a gnarly beard, take up hammer and sickle, and overthrow the bourgeois. People generally like the fact that Apple releases a new iPhone with a better camera every year, and that Gmail reminds them of that doctor's appointment they scheduled six months ago.
What they don't like is that the benefits of automation and increased productivity are going almost exclusively to the one percent. What they don't like is that a college degree is now minimal criteria for jobs that logically should not require one, and that the cost of that degree consumes the supposed salary benefits of having one. What they don't like is the fact that we're watching our ecosystem collapse in real time, and massive polluters tell us that it's our fault for using plastic straws.
People aren't calling for a switch to Soviet-style communism, they're asking for their agency back. They want to be paid wages that are fair, wages that allow them to pay the rent and put food on the table. They want to be able to retire, and they don't want to have to become Wall Street savants in order to achieve that goal. They want to be able to have their health needs taken care of without bankrupting themselves and their family.
Capitalism has made great contributions to our way of life. But unfettered capitalism, or worse, capitalism where the incumbents are protected by legislation, are syphoning off all of the value in our economy, leaving nothing for the everyday person. That cannot continue.
- tsycho 7y agoI understand your intent, but what people "want" reads like an utopian wishlist. It's not clear that any strategy sustainably can take us there. All regulations are tweaks to free market capitalism, and more are definitely needed. But do you think that the masses that are rallying up behind authoritarian governments around the world are taking a view as nuanced as yours? I fear they are not.
- thomascgalvin 7y agoFair wages, health care, and stable retirement are a utopian wishlist now?
- magduf 7y ago>I don't think most people want to grow a gnarly beard, take up hammer and sickle, and overthrow the bourgeois. I disagree about the beard part. American men may not be interested in overthrowing the bourgeois, but they sure do like gnarly beards these days. And American women won't date a guy without a beard.
- devcpp 7y agoUnfettered capitalism would do way more good than current-day crony capitalism. In fact, many people, namely libertarians, think it would do much more good than even honest capitalism.