Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
Capitalism isn’t you buying a tool and using it. It’s buying the 3D printer, paying people to design and build widgets, paying people to sell the widgets, then taking most of the money for yourself.
Yes, I agree that this should be possible. Of course, if I’m taking too much money, the capitalist system will encourage my competitors to defeat me. Meaning that there a dis-incentive in place for doing bad/selfish things. Sounds like a pretty good system!
I hate that I can work (with others) to build a company from the ground up and have nothing to show for it, because the owner is using us to fund his lifestyle. I hate that landlords can buy up all the homes, driving up the cost to the point no one can afford one, then rent them out and sit on their ass while I pay their mortgage. That’s capitalism. People profiting off of ownership. It inevitably ends with some people owning almost everything, and the majority owning nothing.
Yes I agree! I hate these things too. But capitalism doesn’t prohibit every bad thing. Bad things can still happen under capitalism. I’m just saying that such things are harder to do under capitalism than any other system. For example, you mention landlords have to buy up every home before they can take advantage of you through their monopoly. That’s way harder than other systems, where the government already owns all the homes, and can simply drive up the cost whenever they want :/
That’s way harder than other systems, where the government already owns all the homes, and can simply drive up the cost whenever they want :/
When was the last time you voted for your landlord?
That would be the last time I moved, so about a year ago.
Also, I happen to very much like my landlord. This is because they’re heavily incentivized to address my concerns because otherwise I’d leave a bad review which they care about. Examples are: they fixed a couple of times the laundry facilities were broken, they fixed broken windows a couple of times, etc. etc.
EDIT: Actually, you’re making a very good point which I didn’t address properly! You’re saying that voting gives society more power than prices do. This is a good point, but I disagree. I think prices control production more than any government can, because it allows a much more granular decision-making. For example, every single individual can “vote” that their apartment is too expensive by leaving and finding cheaper places, driving prices down.
I’m glad you have enough financial stability where you can pick and choose your landlord. It’s unfortunate that there are plenty of people who can’t “vote with their wallet” on account of not having all that much cash in there. And plenty of landlords who don’t fear bad reviews because there’s no place they can even be reviewed at, and even if they were to receive such a review housing is an inelastic good and in too short of supply for people to be picky about it.
Additionally, the government has no incentive to charge you more that what it costs to run public housing, whereas the landlord has a profit motive. Even if the government charges you more than how much it costs to build and maintain buildings, this money isn’t send to a pit - it is used to build roads, railroads, sidewalks, provide healthcare, and to build so much more infrastructure and provide various different essential services. If you give it to a landlord, it’s used to fund martinis and vacations on Ibiza. What’s the better deal?
Respectfully I think a point that is often missed with your mindset is how your capital is giving you your voting power. Market Socialist policy aims to even out that exact voting power and more labor focused socialism does the same without market forces. The issue is the hoard and the power that hoard is giving individuals (and firms) over us.
I’m in a similar position to you and I can see many of these policies would hurt me directly, but can also see the historical patterns and current material conditions. We need to build a future for everyone, everyone who agrees with that is a socialist if you argue with them long enough
