this post was submitted on 20 Jul 2023
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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!

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[โ€“] setInner234@feddit.de 3 points 1 year ago

This feels closest to the response I would have written. I would perhaps add, that one of the consequences of this system is, that money insulates you from having to improve. Someone like Trump will never go to a therapist to fix whatever mental illness made him turn into who he is, precisely because he doesn't need to. Money can prop up the most evil, stupid, useless people for generations and generations. If they had to live examined lives, they'd stop being evil. The only ways to fix this, that I can see, are all utopian sounding, but shouldn't be. Wage ratios for example. As CEO you simply shouldn't be able to hold more shares or earn more income than, say, 10x that of the lowest paid worker in your organisation. And that needs to include subsidiaries and 3rd parties. This system would have to be implemented globally. Never going to happen though. We can fight a pointless global war on drugs, but we definitely won't reduce CEO income.