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I'm sorry but that's a naive understanding of the realities of capitalism - for instance, what of the case of local baker versus the multinational? They sell th

I'm sorry but that's a naive understanding of the realities of capitalism - for instance, what of the case of local baker versus the multinational? They sell the same thing (often the local store will provide better quality), but one can clearly outbid the other in order to muscle out the competition. Extraction of wealth and provision of value are overlapping but not identical concepts. Take high ticket luxuries as another example - what provides more value to a community, a Lamborghini dealership or a food bank? Most Lamborghinis spend their lives sitting in a garage. Which business earns more money? What is the value of $100 to a billionaire compared to Josie Average? To one it's a decimal point, to the other it might be the difference between eating or not that month. So I disagree with your disagreement - you and/or the OP may couch it in the language of economics but it boils down to the same thing; more money == better.

xyzelement 6y ago
> what of the case of local baker versus the multinational? They sell the same thing (often the local store will provide better quality), but one can clearly outbid the other in order to muscle out the competition There's no magic there. The multinational was a local baker once - they figure out how to scale and deliver more bread at lower cost or greater quality which is what allowed them to get big. They serve more people, better. The rest of your comment is just commie slogans, not sure how it's connected to the topic so I'll just leave you to your views there, but let me know if there's something you think needs a response.
- danparsonson 6y ago
  No I don't think there's any value in us chasing each other in ideological circles, thanks, although > commie slogans made me smile and I do have a (genuine) follow up question about that: when I hear people use phrases like that I often wonder if they see 'pure' (let's say, US-style) capitalism and communism as a binary choice, or two ends of a spectrum. What's your viewpoint? Like I said, not a loaded question.

xyzelement 6y ago

> what of the case of local baker versus the multinational? They sell the same thing (often the local store will provide better quality), but one can clearly outbid the other in order to muscle out the competition There's no magic there. The multinational was a local baker once - they figure out how to scale and deliver more bread at lower cost or greater quality which is what allowed them to get big. They serve more people, better. The rest of your comment is just commie slogans, not sure how it's connected to the topic so I'll just leave you to your views there, but let me know if there's something you think needs a response.

danparsonson 6y ago
No I don't think there's any value in us chasing each other in ideological circles, thanks, although > commie slogans made me smile and I do have a (genuine) follow up question about that: when I hear people use phrases like that I often wonder if they see 'pure' (let's say, US-style) capitalism and communism as a binary choice, or two ends of a spectrum. What's your viewpoint? Like I said, not a loaded question.