[American biased post, because that’s what I know and where I am]
Been screaming that capitalism is not the problem you are experiencing. Monopolies, or more to the point, cartels, have exploded in scope over the past 40-years. Think of a company you hate, a company that’s fucking you over, a company that’s fucking us ALL over. Bet they fit the bill.
Hate your job at Lowe’s? Go to Home Depot! wait… There’s a great family-owned, local hardware store, but I can’t afford to shop there.
Walgreens piss you off? Just go to CVS! well damn… New local pharmacy chain is really nice! They can’t take my insurance.
If you’re under 40, or maybe even under 50, I cannot relate how alien this all is, the words fail me. If you’re in your 20s or 30s, it’s easy to think it was always like this. Oh hell no it was not.
Along with allowing corporations unlimited political “speech”, i.e. campaign contributions, the proliferation of cartels will go down in history as America’s failing point. (Basically the same thing?)
News like the current entertainment mergers didn’t fucking happen. And here on lemmy we’re talking, with a straight face, about the ups and downs of the Netflix/Warner Bros./HBO merger. And if you’ll remember, Warner Bros./Time Warner/AOL was the largest merger in US history!
You’re complaining about accumulation of power/wealth and how it ends up being abused by the powerful/wealthy. That’s one of the main features of unregulated capitalism
The key word is unregulated. Why does it have to be unregulated?
Because capitalists don’t like regulations? When you let corporations become the sole driver of the economy, some of them get really big, so big they can easily buy out the people who are supposed to regulate the market.
Why do you think all companies are bending the knee and ass kissing trump? Because you get what you want when you bribe him enough.
https://www.iss.europa.eu/publications/commentary/trump-takes-aim-overseas-extortion-american-tech-companies-eu-us-rift
Also isn’t lobbying legal in the US? It’s almost like the country was made by capitalists assholes to make it easy to subvert regulations.
The US was founded by the rich for the rich. Anything else is just convenient propaganda to convince the masses otherwise.
I hear ya, just seems like one of those throwing the baby away with the bathwater things.
The likelyhood of implementing market regulations is plausible vs implementing full communism, which will never happen.
We can make progressive steps towards fixing our system and I don’t want to give up.
It was regulated. They captured the regulators. That’s the whole point. It could never have gone any other way. Capitalism breeds greed. In everyone. And when a greedy person sees another person doing something highly immoral and abusive to their customers, they don’t think, “my God! We have to stop it!”
They think, “that’s a good idea. How can I get MINE?”
That’s a criticism of the political system, not the economic one. Government deficiencies not intrinsic to an economic system fail as criticism of the economic system.
Explain how to prevent capital from interbreeding with regulation. Tell me how a government could definitely prevent that.
Also my comment discussed the societal impacts of capitalism. The exhalation of greed has effects on the society which by it’s very nature decrease interest in strong regulation. Greedy people don’t like regulations even if they are never affected by them.
I don’t need to. You’re criticizing government & pinning the blame elsewhere. Integrity to identify problems accurately costs nothing & frees us from misleading confusion.
Your criticism suggests we should focus on devising political systems less susceptible to corruption & regulatory deficiencies. There are various areas of scholarship & research[1] that try to seriously answer these questions & could lead somewhere fruitful, but they rarely come up in these dumbass online discussions.
such as political economy & public choice ↩︎
I am constantly bewildered by you people who act like these things are separate, unrelated ideas.
What do you fucking mean I’m criticizing government and not capitalism? Is regulation of the economy unrelated to the economic system? Does that economic system not impact the effectiveness of various methods of regulation? Why do you feel you can just sidestep questions and claim it’s unrelated?
Welcome to logic. If you think they’re the same thing, then criticizing the government should make no difference to you.
Exasperation & incredulity when your questionable assumptions are questioned isn’t a valid argument. Neither is trust me, bro. No one owes you their uncritical faith. If lack of uncritical faith in your dubious assumptions bewilders you, then you should expect constant bewilderment.
An economic system can exist under different types of regulatory political systems/governments, and the policies can vary. They’re clearly not the same thing.
I already pointed out scholarly fields that study their interaction & address your questions in a more serious way. If you want to keep pretending there is no distinction & lack the curiosity to pursue the more serious scholarly work on the topic, then your mind is made up, I think you’re being intellectual dishonest, and I doubt you’re seeking truth.
My claim is that capitalism is not only an economic system as it will eventually replace the government as well. I feel like you enjoy talking down to people who don’t have a degree in the fantasy world of economics. The entire field is nonsense building off of nonsense.
The guy in the video is literally discussing the removal of regulations though? Are you arguegreeing right now?
Nah, just replying to OP’s senseless rant
Name an economic system that doesn’t eventually funnel money to the top. Not one person has answered that on lemmy, but it sounds like you can!
Other lemmings already did, but you’re hellbent on saying “Nuh-uh! That doesn’t count!” which, judging from your other comments, comes from not wanting to accept that an economic system isn’t a magical, isolated thing that is simple to understand and always works the same everywhere, without any relation to the groups and communities within it.
So they all funnel money to the top.
Are you suggesting that capitalism funnels money to the top slower than other systems? Or that when capitalism does it, it’s somehow less problematic?
Because what else is your point here?