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Why are folks so anti-capitalist? (self.asklemmy)

submitted 1 year ago by o_o to c/[email protected]

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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!

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[–] [email protected] 5 points 1 year ago

Oh FFS, the capitalist system shreds 'free' markets with abandon. Monopolies eliminate competition. Regulatory capture eliminates anti-monopoly regulations. Capitalism is the perpetual accumulation of more money by investing in the production of more commodities. It collapses when it cannot evolve to expand demand, as it did in the 1930's. As it is doing again now., although rather slowly, as it has learned how to use governments to mitigate financial collapse. It does indeed use 'markets' for exchanges, but it only cares about 'free' markets as an ideology. It's motivating force is accumulation. The 'greed at the top' is the system itself, not some bad apples.