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!

  • cannacatman@kbin.social
    61·
    1 year ago

    A more highly regulated capitalism with high business taxes and no loopholes so companies pay their fair share for operating in a market that provides them their revenue.

    There should also be nationally controlled resources instead of privatizing them (internet should be included with water and power).

    That would be a good start.

    • DJDarren@beehaw.orgEnglish
      41·
      1 year ago

      To my dying day, I won’t understand why anyone (who doesn’t benefit from it) could think that privatised utilities are a good idea. The last forty years have seen a steady decline in, well, every aspect of formerly publicly owned industries in the UK, but stans for capital still wang on about how publicly owned utilities in the 70s were crap.

      Crap, maybe, but a damn sight fucking cheaper.

    • HubertManne@kbin.social
      2·
      1 year ago

      im here with you. capitalism is fine in cases were there is significant and robust competition. for things that are not necessities and in all cases there should be significant oversight and regulation by a democratically elected goverment over it.