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submitted 6 months ago* (last edited 6 months ago) by [email protected] to c/[email protected]
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[-] [email protected] 10 points 6 months ago

No I'm not. Capital usually refers to the individuals or corporate bodies that control or direct investment. Capital is the anticident to capitalism.

[-] [email protected] -5 points 6 months ago

And under capitalism, capital and labour are generally in conflict. Same way most capital owners are in conflict with each other (that's basically the engine of growth.)

Saying that labour battled for these advancements is no more an indictment of capitalism than the fact that McDonalds battles with Wendys for revenue.

[-] [email protected] 6 points 6 months ago

I'm not indicting capitalism. My point was that capitalism isn't responsible for the last century of social improvement.

[-] [email protected] 0 points 6 months ago

But it is, because capitalism produces enormous amounts of wealth and without that wealth we wouldn’t have had those improvements.

[-] [email protected] 3 points 6 months ago

Nonsense. The op originally cited things like childhood mortality, water cleanliness, access to doctors. First of all, non-capitalist economies have seen equivalent change. Look at Cuba, more doctors per capita than any other country in the world. Look at China's infant mortality decline from 1950. Second, capitalism has existed for a long time. Look at an era like late 19th century gilded age America. Huge wealth surpluses but they largely went to the holders of capital, not society at large. Workers were violently repressed, living conditions were abhorrent. Social progress was made through worker action and democratic legislation, not through the allocation of capital and investment. Third, capitalism has also sought to dismantle these things. Private equity is buying up hospitals and significantly harming health outcomes for patients. Corporate lobbyists, especially for fossil fuel extraction companies, have been trying to kill environmental protections for years. Attributing capitalism with improvements to our society confuses cause and effect.

this post was submitted on 17 Mar 2024
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