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Hopefully this is the moment we realize that capitalism is really not serving us in any meaningful way. As long as we have enough people brave enough to quit a

Hopefully this is the moment we realize that capitalism is really not serving us in any meaningful way. As long as we have enough people brave enough to quit and take to the streets the working class might have a fighting chance at ending their exploitation.

colinmhayes 5y ago
This isn't capitalism's fault, it's just human nature. Every economic system will have scumbags who try to exploit other people for personal gain.
- Mezzie 5y ago
  Yes, and therefore governments and economics need to account for this to keep society running. That's what governing IS.
- cardiffspaceman 5y ago
  Achieving the optimum economy by allowing human nature to do its thing was supposed to be the way capitalism works. To me that would mean including scumbags, somehow the invisible hand would create paradise.
  - colinmhayes 5y ago
    I don't think any economic system can create paradise. Some are certainly better at optimally distributing scarce resources though.
  - vkou 5y ago
    Paradise is here, it's just not evenly distributed.
- daenz 5y ago
  And capitalism's main advantage is that tries to account for the scumbag human nature (competition) and attempts to use that to its advantage (creating an economy that strives to be efficient). Other systems pretend like that human nature doesn't even exist, and everything will be fine if we ignore it.
metadat 5y ago
Unfortunately only some of us have realized this, and there is no clear path forward yet. We still have a long, long way to go to achieve meaningful improvements.
mbostleman 5y ago
Capitalism punishes this behavior, as it did here. The market worked as we would expect and hope.
- rat9988 5y ago
  No it doesn't. Your example only works because information gets leaked. And market can only absorb that much information, unless you put special regulatory bodies. And "punish" is still to be seen here.
FredPret 5y ago
Capitalism is a system, this guy is just a participant. Make him famous and turn the system against him. I’m a dyed-in-the-wool ubercapitalist, and I hate scarcity-focused, race-to-the-bottom companies and people like these. It’s a question of values and approach to life.
ivan_gammel 5y ago
As far as I can see, one particular flavor of capitalism works quite well: https://en.wikipedia.org/wiki/Social_market_economy https://en.wikipedia.org/wiki/Social_market_economy It's not like bad things do not happen, but the system continuously checks the balance between employee and employer interests and adjusts.
vlunkr 5y ago
One guy that works for a franchise of an increasingly irrelevant restaurant chain has a bad take in a private email conversation and you think this is the end of capitalism?

colinmhayes 5y ago

This isn't capitalism's fault, it's just human nature. Every economic system will have scumbags who try to exploit other people for personal gain.

Mezzie 5y ago
Yes, and therefore governments and economics need to account for this to keep society running. That's what governing IS.
cardiffspaceman 5y ago
Achieving the optimum economy by allowing human nature to do its thing was supposed to be the way capitalism works. To me that would mean including scumbags, somehow the invisible hand would create paradise.
- colinmhayes 5y ago
  I don't think any economic system can create paradise. Some are certainly better at optimally distributing scarce resources though.
- vkou 5y ago
  Paradise is here, it's just not evenly distributed.
daenz 5y ago
And capitalism's main advantage is that tries to account for the scumbag human nature (competition) and attempts to use that to its advantage (creating an economy that strives to be efficient). Other systems pretend like that human nature doesn't even exist, and everything will be fine if we ignore it.

metadat 5y ago

Unfortunately only some of us have realized this, and there is no clear path forward yet. We still have a long, long way to go to achieve meaningful improvements.

mbostleman 5y ago

Capitalism punishes this behavior, as it did here. The market worked as we would expect and hope.

rat9988 5y ago
No it doesn't. Your example only works because information gets leaked. And market can only absorb that much information, unless you put special regulatory bodies. And "punish" is still to be seen here.

FredPret 5y ago

Capitalism is a system, this guy is just a participant. Make him famous and turn the system against him. I’m a dyed-in-the-wool ubercapitalist, and I hate scarcity-focused, race-to-the-bottom companies and people like these. It’s a question of values and approach to life.

ivan_gammel 5y ago

As far as I can see, one particular flavor of capitalism works quite well: https://en.wikipedia.org/wiki/Social_market_economy https://en.wikipedia.org/wiki/Social_market_economy It's not like bad things do not happen, but the system continuously checks the balance between employee and employer interests and adjusts.

vlunkr 5y ago

One guy that works for a franchise of an increasingly irrelevant restaurant chain has a bad take in a private email conversation and you think this is the end of capitalism?