this post was submitted on 20 Aug 2023
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That is a core function of capitalism, not some crazy coincidence. There are market economy models separate from capitalism.
Could you point me to the economy models you are refering to?
I think the biggest mistake of the social market economy practised in Germany, was overlooking or disregarding the fact, that policy and policymakers are themselves part of market forces by lobbying, corruption and bribery. This leads to creeping reduction in social standards and development of the economy towards are radical free-market economy, which in turn inevitably leads to feudalism and fascism eventually, as demonstraded live in the US currently.
Market Socialism (like worker co-ops)is my personal preference:
Private companies still exist, but instead of being beneficially owned by separate investors, they are collectively owned by the workers themselves. Think privately-traded corporations where all shares are held exclusively by employees. Profits can be reinvested in the company, spun-off into other ventures, or distributed between the workers themselves.
This retains the competitive benefits of markets, while cutting out the non-working investor class. Fewer billionaires, stronger middle class.
And, instead of dictatorial decisions coming from CEOs and separate investors, the decisions would be debated and decided by vote in the workers' board. An actual workplace democracy