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!

  • aleph@lemm.ee
    link
    fedilink
    English
    arrow-up
    72
    arrow-down
    6
    ·
    edit-2
    1 year ago

    Free market capitalism is inherently about generating wealth for primary stakeholders but externalizing the social and environmental costs. It’s basically how the entire system works.

    • ExecutiveStapler@kbin.social
      link
      fedilink
      arrow-up
      9
      arrow-down
      6
      ·
      1 year ago

      You are misusing terms, a stakeholder is anyone affected by a company’s actions while a shareholder is anyone with ownership in a company. All shareholders are stakeholders, not all stakeholders are shareholders.

      • aleph@lemm.ee
        link
        fedilink
        arrow-up
        21
        arrow-down
        1
        ·
        1 year ago

        I was using the term in it’s original sense, i.e. investors, employees, and suppliers.

        I didn’t want to say “shareholders” because not all businesses offer shares.