I hate capitalism, am I alone?
I hate the idea of for profit. It seems like society is trying to measure everything and reduce it down to a price. I watched a video today of an economist advising someone that if they wanted a home, they should open an OnlyFans to increase their revenue. What kind of fucked society do we live in where this is normal? This seriously can't be the best system for everyone involved.
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[ 3.1 ms ] story [ 99.2 ms ] threadI don't like businesses focusing on profit so much either. I'm not sure if it's sustainable to focus on something else instead. Maybe when business ignore profit they crash and burn. I'm not sure because I don't like to think about profit, I'm a technician/specialist first, and find finances very boring. I would think small business could accomplish this, by staying small and focusing on the product and not growth. However the past year has definitely favored large corporations that could handle the lockdowns.
Why does it not fix these problems and instead propagate them?
I don't disagree about the rampant inequality at the global scale, but the solution is not clear and definitely not simple, especially when factoring different nations, different peoples and cultures and styles of living. Ultimately capitalism is solving some problems, and I'm not sure that the problems it is not solving, are the ones it is creating. In other words, maybe these problems exist despite capitalism, and we need systems on top of it, not a replacement.
Yet the whole world is suffering under capitalism.
Socialism and Communism were all about turning over all forms of ownership over to the government, and then allowing the government to decide who gets what and who is allowed to work where. In the end that puts all of the wealth and decision–making power into the hands of a single autocratic leader, no matter what the propaganda might claim.
Capitalism is simply about ownership. If you can start your own business, then you are a capitalist. If the government prohibits it, then you do not live in a free market. An owner can also be a worker, or else how could a new business get started?
Here’s a practical example: I get my hair cut at Dimaggio’s down the street from me, and the owner cuts hair right alongside his employees every day. He opened that shop decades ago, pays the bills, does the bookkeeping, opens the doors every morning, closes them at night. He is a capitalist, and he is a worker.
Obviously I’ve never looked at his books, but I imagine that he pays himself a salary and that the business has been saving most of what was left over after that, since it’s been a hard year and he hasn’t gone out of business. I think he might own the little building he’s in, and that he rents out the other half of it, but aside from that he hasn’t expanded the business.
He's been successful, given tremendous amount of money and support to the 3rd world, and VS Code wouldn't have existed without Microsoft :)
https://www.thepoke.co.uk/wp-content/uploads/2015/08/funny-e...
In reality, capitalism has produced more stuff for people to use and enjoy than any other system, ever. (I will admit that it may not do as well as we like at spreading that stuff around. But focus on fixing that, not on breaking the system that produces the stuff that so many of us live on.)
Harming yourself won't solve any problems.
Whatever problems you are facing are temporary. Things will get better.
It's just really how people my age feel looking at the world. We wanted things to be better and they aren't. War in Israel, pandemics where half the population can't even agree we are in one, political instability, the constant pressure to afford the life our parents had even though they had it easier. It's just a lot for our generation to deal with.
https://www.bbc.com/future/article/20190111-seven-reasons-wh...
This is down to globalization and capatalism, which does sometimes feel like a race to the bottom but actually seems like it's working.
Well its because the general idea of going to university, leaving with debt, getting a job to pay off those debts whilst borrowing more for that car, home and healthcare, etc is now seen today as the great scam highlighted by the pandemic.
It would require having multiple sources of revenue like having 3 jobs + going into youtube / twitch ad monetization, investing in stocks or crypto and your own business to increase your income.
Even if you have huge profits from this, you will still be taxed to death anyway (By being on the highest tax group).
I'll agree that there is too much emphasis on profit at many companies at the moment. Food delivery companies aren't making the world a better place, they're making it worse with the increase in single use packaging. They're taking an outsized amount of money, forcing the restaurants to give up some of their profit, and as a result, the some restaurants just can't continue.
But there are also companies that are doing great things, and there are non-profits also doing great things.
Walk around your local grocery store, and realize that much of what is there exists because of capitalism. Do you have a favorite product or service? It probably exists because of capitalism.
Does that mean that everything needs to be done to maximize profit? No, that's just pure greed, and a major issue in society today. But though capitalism can feed into greed, it doesn't have to be that way. Perhaps it's an opportunity for you to find a tribe with the same beliefs as you and find a better way to have an impact.
For most of Time calories have been very expensive so we are conditioned to do the least amount of work possible for the most calories. Most economic systems involve some kind of force to get humans to work and work together. Capitalism seems to be the best we have developed. We like to think that we are happy to work for the betterment of humanity but the reality is that that only goes so far. Eventually work becomes a chore and we want to give up. Capitalism works because it hacks people's self interest to work for everyone.
Capitalism has problems but it's the best we have. The best we can do, for now, is to fix the problems that crop up and continue.
It’s a little on the long side, but I’ll quote from near the end of the introduction: