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It seems to be driving largely by anti-capitalist sentiment rather than understanding of economic fundamentals.
by LargeWu 1y ago
It seems to be driving largely by anti-capitalist sentiment rather than understanding of economic fundamentals.
- loeg 1y agoAnti-capitalist sentiment is a misunderstanding of economic fundamentals.
- LargeWu 1y agoIDK, I think there's clearly arguments to be made against so-called "late stage capitalism", where capital is directed towards efforts that extract value rather than create it, and shareholder theory that prioritizes short term gains and creates externalities at the expense of other stakeholders. But at the end of the day, everything is subject to market forces and it's folly to deny that.
- Lord-Jobo 1y agoThinking a system is bad does not require a misunderstanding of the system.
- loeg 1y agoYou're rejecting a much broader claim than I made.