I'd be curious to see a breakdown by age. I can imagine a lot of people under 35 whose experience with capitalism was the great financial crises, the housing crises, and the continued eroding of "safe" jobs. Not to mention the meaninglessness that comes with wage labor. It's no wonder that people increasingly have a less favorable view of capitalism and a more favorable view of an alternate system.
> That could help explain why Zohran Mamdani, a Democratic socialist state assemblyman, won the Democratic primary for New York City mayor earlier this summer with the support of young people.
My fear is that we are continuing to accelerate the younger generation toward that by doubling, tripling down on a system that isn’t working for people and punting on fixing it. We are continuing to deregulate, allow companies to union bust and remove any balance of power between businesses and workers.
In the minds of many, it seems like we need a revolution and not a reformation. And to the people charged with decision making, we need nothing at all. I would prefer we fix the system we have, but I’m increasingly worried that is becoming infeasible.
The problem isn't the general philosophy of capitalism per se, but rather the utter lack of failing to control or mitigate the problems of how it's currently implemented, including the now-entrenched legal indulgences that concentrated capital has bought for itself. That such criticism is often shouted down by straw manning it as "socialism" (previously "communism") is itself part of the problem. Even this article/study reeks of this fake duality. Its better stat to focus on is that people hate big business. And of course people hate big business. On a spectrum of individual liberty, big business is right next to authoritarian government. The main separation is how much it's possible to avoid a given one, which is increasingly less and less.
In the name of "capitalism", our government has allowed big business to grow ever larger, become ever more inescapable, and often even delegates/cedes governmental power to big business. So really if anyone is reading this, getting angry at the rise of "socialism", and wanting to save capitalism - it's really incumbent upon you to be loudly criticizing both the foundational and emergent problems of capitalism as currently conceived. Because otherwise this frustration is just going to continue building, and we are going to lose what we do have, for good.
Capitalism requires a free market with price discovery.
Its ironic that they promote the titled narrative when we have neither a free market, nor effective price discovery (due to dark pools and other actors). The lack of those things in fact point to the dominant economic model being closer to Socialism than Capitalism.
I never understood how people can think that the answer to the failures of socialism is more socialism.
I know I'm a minority but how can you even think we live in a capitalistic society when we're taxed and regulated on everything?
This crony capitalism with a big government colluding with big business is socialism with a wig on.
The fact that people who define themselves anti establishment yearn for socialism because "capitalism failed" is dangerous and will mark the end of the USA minarchist experiment: even if you leave a minimal government, you just need 250 years (of productivity, courtesy of capitalism) to become the largest government in the world - and eventually collapse.
Somehow we went from capitalism is the best system because it most efficiently distributes scarce resources to “give us all the money and power in the world because our large language model is going to usher in Star Trek!!!”
The grifters have one. Though you could equally assign the blame to the idiots who fall for it.
That’s because they see and realize that all the criticisms levied against alternative ways of organizing societies seem just as true about the capitalist path.
The boat is shrinking and the empire collapsing on itself. A finite world providing rise to infinite growth as ownership accelerates increasingly in the hands of the few.
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[ 549 ms ] story [ 2641 ms ] threadMy fear is that we are continuing to accelerate the younger generation toward that by doubling, tripling down on a system that isn’t working for people and punting on fixing it. We are continuing to deregulate, allow companies to union bust and remove any balance of power between businesses and workers.
In the minds of many, it seems like we need a revolution and not a reformation. And to the people charged with decision making, we need nothing at all. I would prefer we fix the system we have, but I’m increasingly worried that is becoming infeasible.
In the name of "capitalism", our government has allowed big business to grow ever larger, become ever more inescapable, and often even delegates/cedes governmental power to big business. So really if anyone is reading this, getting angry at the rise of "socialism", and wanting to save capitalism - it's really incumbent upon you to be loudly criticizing both the foundational and emergent problems of capitalism as currently conceived. Because otherwise this frustration is just going to continue building, and we are going to lose what we do have, for good.
Its ironic that they promote the titled narrative when we have neither a free market, nor effective price discovery (due to dark pools and other actors). The lack of those things in fact point to the dominant economic model being closer to Socialism than Capitalism.
I never understood how people can think that the answer to the failures of socialism is more socialism.
This crony capitalism with a big government colluding with big business is socialism with a wig on.
The fact that people who define themselves anti establishment yearn for socialism because "capitalism failed" is dangerous and will mark the end of the USA minarchist experiment: even if you leave a minimal government, you just need 250 years (of productivity, courtesy of capitalism) to become the largest government in the world - and eventually collapse.
Somehow we went from capitalism is the best system because it most efficiently distributes scarce resources to “give us all the money and power in the world because our large language model is going to usher in Star Trek!!!”
The grifters have one. Though you could equally assign the blame to the idiots who fall for it.
The boat is shrinking and the empire collapsing on itself. A finite world providing rise to infinite growth as ownership accelerates increasingly in the hands of the few.