this post was submitted on 20 Jul 2023
451 points (76.6% liked)

Asklemmy

43737 readers
1722 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago
MODERATORS
 

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!

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 14 points 1 year ago* (last edited 1 year ago)

But the system also makes it so that when people act purely selfishly for money, that it results in good outcomes for everyone.

Why do you think this??

Look at all the constant environmental disasters and harmful products that happen because corporations did the math and determined that paying a few million to lawsuits every once in a while is cheaper than being more careful. "Voting with your wallet" does not work because the big corporations undercut the competition and bombard us with advertising to ensure they will win no matter what.

Hell, most of us are on here because Reddit started doing scummy things in the name of money, and we're a tiny fraction of their userbase; Reddit is still unfortunately doing pretty much fine. Is that the best outcome for everyone?

And don't forget that there are a lot of regulations passed in the last hundred years that were necessary because corporations were doing stuff like dumping so many chemicals into our waterways that rivers would constantly catch fire. This is what happens with unfettered capitalism.