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Businesses desire growth, not conservation or charity. And that desire is frequently achieved through illegal means. Wage theft for instance is a far greater su

Businesses desire growth, not conservation or charity. And that desire is frequently achieved through illegal means. Wage theft for instance is a far greater sum than the total of robbery in the US. The criminality is rampant! Meta is also in the news today for making 10% of its revenue from scams, as well as for having codified policy that scammers representing at least 0.15% of their revenue must be protected from any moderation. Business thrives on illegality.

saubeidl 1y ago
It's almost as if capitalism was a deeply messed up system that brings out and celebrates the very worst in humanity.
- appreciatorBus 1y ago
  You think the administrators of a socialist, communist or other collectivist society would not face the same temptation and respond similarly? At least under liberal capitalism I have the option of not buying games and of making my own.
  - wahnfrieden 1y ago
    Well you’re onto something re: authority and hierarchy…
- m0llusk 1y ago
  Systems need to be managed. If you cook with high temperatures and let your attention wander then the food burns. If you drive fast with bald tires then you may fly off the road. We know that strong regulation on industry, especially monopolies, high taxes on the wealthy, and powerful unions can keep Capitalism in balance, but we have chosen not to use these mechanisms. Is that Capitalism being flawed or is it us as custodians failing in our basic duties?
  - wahnfrieden 1y ago
    Crony capitalism is capitalism. How do you know it can be kept in balance if it is not?
    - m0llusk 1y ago
      We've been through this before. As recently as the 1930s the Capitalist economy tried to eat itself and had to be stopped. That is historical and everything changes, but the basic principles are the same. Find out where things are going wrong and address that with some basic controls and limits.
      - saubeidl 1y ago
        If a system leads to catastrophic failure on a regular basis, maybe it's just a bad system? See also https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit_to_fall https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit...
- _DeadFred_ 1y ago
  Capitalism is based on/grew out of the Norman feudalism, where lords were foreign conquerors who cared nothing about the locals, local land, local societal norms. They only cared about rent extraction for themselves (todays C suit class) and to pay the nobles above them (the market). They simply removed themselves one step, created corporations to remove all personal liability, and ramped up the profit extraction to a global scale. Just look at the first large scale joint stock company, the East India Company. Could corporatism have had a worse/more evil progenitor?

saubeidl 1y ago

It's almost as if capitalism was a deeply messed up system that brings out and celebrates the very worst in humanity.

appreciatorBus 1y ago
You think the administrators of a socialist, communist or other collectivist society would not face the same temptation and respond similarly? At least under liberal capitalism I have the option of not buying games and of making my own.
- wahnfrieden 1y ago
  Well you’re onto something re: authority and hierarchy…
m0llusk 1y ago
Systems need to be managed. If you cook with high temperatures and let your attention wander then the food burns. If you drive fast with bald tires then you may fly off the road. We know that strong regulation on industry, especially monopolies, high taxes on the wealthy, and powerful unions can keep Capitalism in balance, but we have chosen not to use these mechanisms. Is that Capitalism being flawed or is it us as custodians failing in our basic duties?
- wahnfrieden 1y ago
  Crony capitalism is capitalism. How do you know it can be kept in balance if it is not?
  - m0llusk 1y ago
    We've been through this before. As recently as the 1930s the Capitalist economy tried to eat itself and had to be stopped. That is historical and everything changes, but the basic principles are the same. Find out where things are going wrong and address that with some basic controls and limits.
    - saubeidl 1y ago
      If a system leads to catastrophic failure on a regular basis, maybe it's just a bad system? See also https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit_to_fall https://en.wikipedia.org/wiki/Tendency_of_the_rate_of_profit...
_DeadFred_ 1y ago
Capitalism is based on/grew out of the Norman feudalism, where lords were foreign conquerors who cared nothing about the locals, local land, local societal norms. They only cared about rent extraction for themselves (todays C suit class) and to pay the nobles above them (the market). They simply removed themselves one step, created corporations to remove all personal liability, and ramped up the profit extraction to a global scale. Just look at the first large scale joint stock company, the East India Company. Could corporatism have had a worse/more evil progenitor?