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I think many people (myself included) see it as a problem that capitalism so clearly works against the interest of the many to benefit the few. We understand wh
by SauciestGNU 4y ago
I think many people (myself included) see it as a problem that capitalism so clearly works against the interest of the many to benefit the few. We understand why stock buybacks and layoffs increase shareholder value, and therein lies the problem.
- looping__lui 4y agoEvery other system had more wealth destroying and catastrophic outcome for society. Not arguing for “unrestricted capitalism that is never tamed” - but with a functioning social net and access to basic needs for almost everyone it’s probably pretty amazing. You are also missing, that for most people this is probably great: less high income individuals competing for resources in the marriage, housing, etc market. They see their wages increased and their relative purchasing power in society lifted and are happy about this development.