SO. MUCH. THIS.

    • danielbln@lemmy.world
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      1 year ago

      Yeah, let’s not throw out the baby with the bathwater just yet. Capitalism is an incredible engine, but it needs guard rails.

      • LennethAegis@kbin.social
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        1 year ago

        The whole infinite growth mentality caused by companies being public on the stock market is the real poison I think. So lets just axe the whole thing. No more stock market, every company is private again.

        Which means no more stock speculators, or stock buybacks, or market manipulation schemes. Just companies selling their products to consumers based on their own metrics.

        • BraveSirZaphod@kbin.social
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          1 year ago

          Well, for starters, this obliterates most people’s retirement plans, so that’s a bit of a hurdle.

          That aside, what would happen is private equity firms and investment banks simply buying up most public companies, so I don’t really see the grand improvement here.

          • msage@programming.dev
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            1 year ago

            I hate so much this talking point:

            the system has captured the retirements, so we can’t abolish it.

            Like if we need this load of bull to support retirement, we should rethink everything from the ground up.

            • BraveSirZaphod@kbin.social
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              1 year ago

              The point is that, whether you like it or not, abolishing something that most people are very strongly relying on for the last third of their life is something that’s going to be incredibly complicated and met with a lot of opposition.

              By all means, re-think away as you like, but don’t be surprised when a lot of people aren’t exactly a fan of what you come up with.

              • msage@programming.dev
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                1 year ago

                Provide food and shelter as a human right first, then dismantle everything else, and let people do what they enjoy.

      • deleted@lemmy.world
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        1 year ago

        To be honest, you cannot achieve capitalism with guard rails.

        Rich individuals will accumulate money then bribe or donate to politicians to earn more money thus more bribes then more influence and so on.

        Take USA as an example, big corporations have monopoly on almost everything and you as a citizen cannot do anything about it. Sure you can vote but either way, donations to politicians always win.

        EU is better but not much. After GDPR, every website would interrupt you to say how they will sell your data and tell you to leave if don’t like it.

      • Jay@lemmy.ca
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        1 year ago

        I agree, I don’t think any one system is the answer, they all have their strengths and weaknesses… a combination of them would be a better idea.

      • LazyBane@lemmy.world
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        1 year ago

        That’s a vague platitude.

        Capitalism works becuase we live in a transactional reality. Food could not grow on trees of the tree didn’t take capital (I.e. resources such as nutrients from the soil, light and heat from the sun) to grow that apple. If farmers did not account for the resources the tree needs the tree would simply die.

        The issue with capitalism today is that we over apply it and forget to help people who truly need help, and thanks lobbying by sociopathic business owners, we have created a system where we much engage with learned sociopathy to survive and function. We look down at the homeless sick and needy and invent backstories to justify their suffering. They must be drug abuses, violent, lazy, etc cetra.

      • Drbreen@sh.itjust.works
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        1 year ago

        That is not an answer. You’d have credibility if you said, “I’m actually not sure.”