4 ms·
This is just warmed over labor theory of value which even contemporary Marxist economists(such that they still exist) reject.
by ch4s3 4y ago
This is just warmed over labor theory of value which even contemporary Marxist economists(such that they still exist) reject.
- louwrentius 4y ago[flagged]
- shagmin 4y agoWhat's an example of a society that's more human-oriented, that doesn't have capitalism? I feel like when people push to end capitalism, what they really mean is they want a large social safety net, higher pay for low end workers or higher taxes for the wealthy, more or better enforced regulations, etc., which doesn't necessarily negate capitalism as the fundamental driving force of the economy. Just my take.
- bryanlarsen 4y agoCapitalism is awful. The alternatives are worse. The Nordics do capitalism better than we do, but that's still capitalism.
- ch4s3 4y agoWhy is capitalism awful? It has literally lifted billions of people out of poverty. Capitalists were the original abolitionists. Capitalism and the associated innovation have given us everything that’s good about modern life.
- version_five 4y agoI think the point is that it's not perfect, and nobody really argues it is. But it's imperfections aren't an argument for a better system. Inequality is the easiest example. There's tons of inequality under capitalism, and you can point to it and say it's bad. Problem is that every other system has orders of magnitude more inequality, plus a worse overall average.
- ch4s3 4y agoYeah I fundamentally agree with all of that. I would generally ascribe to the idea that “innovationism” is what’s really important, and capitalism just does the best job of fostering that. I’m paraphrasing Deirdre McCloskey.
- ch4s3 4y agoThis isn’t a response to what I said and you’re unnecessarily insulting me. None of this supports the LTV espoused in the wage theft claim.