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The end result of unregulated capitalism is feudalism/slavery. Just think: What is more competitive than a company where its employees work for free? Should
by Valakas_ 5y ago
The end result of unregulated capitalism is feudalism/slavery.
Just think:
What is more competitive than a company where its employees work for free?
Should we be surprised that this is exactly where things are going? Not literally for free, but to its modern equivalent - the minimum people accept before they get to the streets with pitchforks. The modern day version of working for free is working for a salary where you basically don't get much of it except for basic necessities required for said job. Putting kids in debt out of college has been "perfect" for this. The revolting house prices idem. So workers are forced to be in debt for their whole life, and get to enjoy 2 weeks of holidays out of 52 in a year, while the rest spending on surviving. How far is that from working for free, in the modern day, really? What is the alternative, be a social outcast and go live in the woods? Risk it all and be entrepreneur?
Unregulated capitalism is working as intended. And that's exactly the problem.
- whoisjohnkid 5y agoI wish we had more systems thinking around these problems. From my perspective it seems some are quick to want to change to another system on any signs of problems in the initial system; where the new system fails to have any good feedback loops built in. I also see a lot of one off solutions that don’t fully understand the systems problem that only introduces more complexity to the system usually without solving the initial problem.