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Capitalism: > an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and b

Capitalism: > an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market Any semblance of capitalism we have is a shambling corpse barely getting around. Do you know who pulls on all the strings of our economy, gives out student aid loans to kids who just barely graduates high school? Who controls market interest rates, and gives massive multi billion dollar contracts to Companies like OpenAI, Anthropic, Facebook, Google, Microsoft? Who approved of the printing of the 50% increase in the dollar supply in the last 5 years? Take a guess. I'll give you a hint, if you don't pay them on a yearly basis 30-50% of your paycheck, you go to prison.

piva00 3mo ago
If that's the case, the capitalism you allude to has never existed. Never.
- rbanffy 3mo ago
  And that’s good, because it’d be the opposite to democracy.
drtz 3mo ago
> Any semblance of capitalism we have is a shambling corpse barely getting around. Do you know who pulls on all the strings of our economy, gives out student aid loans to kids who just barely graduates high school? Who controls market interest rates, and gives massive multi billion dollar contracts to Companies like OpenAI, Anthropic, Facebook, Google, Microsoft? Who approved of the printing of the 50% increase in the dollar supply in the last 5 years? Nothing in your provided definition of capitalism precludes government control of money supply, taxation, regulation, or even government contracts. Private ownership still owns capital goods and private decision is the primary driver of investment, prices, production and distribution in most industries. This is why we have a hard time with things that are obviously good for society as a whole, like renewable energy, efficient transportation, and low-cost housing, that don't have a competitive short-term return on investment.

piva00 3mo ago

If that's the case, the capitalism you allude to has never existed. Never.

rbanffy 3mo ago
And that’s good, because it’d be the opposite to democracy.

drtz 3mo ago

> Any semblance of capitalism we have is a shambling corpse barely getting around. Do you know who pulls on all the strings of our economy, gives out student aid loans to kids who just barely graduates high school? Who controls market interest rates, and gives massive multi billion dollar contracts to Companies like OpenAI, Anthropic, Facebook, Google, Microsoft? Who approved of the printing of the 50% increase in the dollar supply in the last 5 years? Nothing in your provided definition of capitalism precludes government control of money supply, taxation, regulation, or even government contracts. Private ownership still owns capital goods and private decision is the primary driver of investment, prices, production and distribution in most industries. This is why we have a hard time with things that are obviously good for society as a whole, like renewable energy, efficient transportation, and low-cost housing, that don't have a competitive short-term return on investment.