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mindslight a day ago

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.

scrubs a day ago | parent | next [-]

Right in absolute terms capitalism is fine. What's not fine? Corporate control without commensurate accountability at a corporate and personal level MDs and above; the fact that since Ragean corporate control has been in the ascendancy with top 5% more or less seeing all increases in net value or income.

Add on musk's trillion dollar payout proposal, no criminal prosecutions for 2008 housing crisis, cities paying for stadiums, corps ducking us taxes, offshore funds or corps for tax dodgers, and a general sense it's one set of rules for the top 5% and real reality for everyone else. Also add on us Healthcare, housing, and higher education is too expensive for the bottom 70% ... and you've got problems.

throwawayqqq11 a day ago | parent | prev [-]

Ignorance. It mass induced, well condtioned ignorance, almost pathological.

If you ask me what the common factor across MAGAs, flat earther, crypto bros or esotheric nut cases is, my answer would be that.