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!
I’m really not trying to be a dick, but uhh… Look around? The world is literally on fire and efforts to put it out or even to stop pouring more gas on it are put down at every turn by capitalists in the never ending pursuit of more money for it’s own sake.
Let’s start here: are you a capitalist? Do you own any actual capital? I don’t mean your own house or car, that is personal property not private property or anything resembling the means of production.
I ask because many people consider themselves capitalist when really they are just workers who happen to own a bit of personal property, and they make themselves essentially useful pawns for actual capitalists.
And, if you’re not an actual capitalist, why are you so pro capitalism?
It’s not illogical to be pro-Capitalism while not owning any “means of production” if it means you still have better outcomes.
There are no true Capitalist countries and no true Socialist countries. It’s not even a spectrum; it’s a giant mixed bag of policies. You can be for some basic capitalist principles (market economy, privately held capital) and for some socialist policies (safety nets, healthcare) and not be in contradiction with yourself. There’s more to capitalism than the United States.
I think OP was seeing a lot of “burn the system down” talk. Revolutions aren’t bloodless, instantaneous, or well directed. Innocent people will die and generations will suffer. It’s stuff only the naive, the malicious, or the truly desperate will support. And if you’re here posting it on the daily, I don’t believe you’re that desperate.
Global warming is upon us. If something doesn’t drastically change, now, our entire species is going to die.
And some people will be hoarding money until the last, bitter second.
Hmmm, its those kinds of extreme statements that make me a bit suspicious. Is global warming really an extinction level event? I can imagine terrible civil wars over resources and increasing displacement from natural disasters, but total eradication of the human race is afaik not a possible result of global warming.
I’m really not trying to be a dick, but uhh… Look around? The world is literally on fire and efforts to put it out or even to stop pouring more gas on it are put down at every turn by capitalists in the never ending pursuit of more money for it’s own sake.
Well I mean it’s unclear to me that we’re much worse than previous points in history. I’d rather have the climate crisis over the nuclear one, or either of the world wars, or live under a feudal system where I’m owned by the local lord in his castle.
I sympathize (and agree) with the belief that the current system isn’t serving everyone, much less serving everyone equally. But the world is a complicated thing and we’ve got >7 billion people to feed! I think we should be very careful before deciding “yeah it’s time to tear down the existing systems and hope that there are better systems out there”. It’s easier to make things worse than to make things better.
Let’s start here: are you a capitalist? Do you own any actual capital? I don’t mean your own house or car, that is personal property not private property or anything resembling the means of production.
I guess? I’ve wanted to start my own business a couple of times. I’m a programmer, so I’ve toyed with the idea and done some research into creating a few apps which I believe people would find useful, and might pay my bills. I don’t own a house or a car-- I live in an apartment in a mid-size US city.
I ask because many people consider themselves capitalist when really they are just workers who happen to own a bit of personal property, and they make themselves essentially useful pawns for actual capitalists. And, if you’re not an actual capitalist, why are you so pro capitalism?
I’m guessing you’d consider me a pawn, but I don’t. I fit your description of owning a bit of personal property, and being a worker. I’ve worked for some large companies in the past which are supposedly the “actual capitalists”. But I promise they don’t give two shits about social good (or social bad). They are just desperately trying to make products that people want to buy. In my view, it’s a pretty good system which constrains huge organizations like Apple to making devices, when the alternative is that they could be setting up their own governments.
Well I mean it’s unclear to me that we’re much worse than previous points in history. I’d rather have the climate crisis over the nuclear one, or either of the world wars, or live under a feudal system where I’m owned by the local lord in his castle.
You’d rather have the climate crisis as it currently stands. I think you’ll change your tune on that in coming decades but by then it’ll be far too late to actually do anything about it. You’re also more insulated to it’s effects than many millions of people around the world who are already losing their lives, homes, livelihoods, etc and this is only a sniff of what’s to come. Also, peasants in feudal times on average had more time off, made more money comparatively, and were able to travel more (yes, even serfs) than your average American currently. The chains just look a little different, they aren’t gone.
I sympathize (and agree) with the belief that the current system isn’t serving everyone, much less serving everyone equally. But the world is a complicated thing and we’ve got >7 billion people to feed! I think we should be very careful before deciding “yeah it’s time to tear down the existing systems and hope that there are better systems out there”. It’s easier to make things worse than to make things better.
We’ve got 8 billion people to feed and are doing a terrible job of it. Take under half of Elon’s wealth alone and you could feed the entire world, yet instead we laud these modern day dragons for their “success,” instead of slaying them for the good of the people. It’s easier to make things worse for you, than better for you. Billions of people currently suffering terribly for the profit of others would vehemently disagree. Also, just because the unknown is uncertain doesn’t mean it should be feared. We know capitalism isn’t working for the planet itself, yet people would rather stick to it because it’s enriched a small fragment of humanity. You happen to be in the side of the boat that isn’t currently underwater, but make no mistake that the water is pouring in.
I guess? I’ve wanted to start my own business a couple of times. I’m a programmer, so I’ve toyed with the idea and done some research into creating a few apps which I believe people would find useful, and might pay my bills. I don’t own a house or a car-- I live in an apartment in a mid-size US city.
You are not a capitalist.
I’m guessing you’d consider me a pawn, but I don’t. I fit your description of owning a bit of personal property, and being a worker.
You are a worker, so why look out for the interests of an entirely different class that doesn’t do the same for you?
I’ve worked for some large companies in the past which are supposedly the “actual capitalists”. But I promise they don’t give two shits about social good (or social bad). They are just desperately trying to make products that people want to buy.
Therein lies the exact problem: profit is the only motive. And to get profit, capitalists have shown they are willing to do everything, damn the consequences to others, to society, to the planet. Climate change isn’t a whoopsie, starving, desperate people aren’t a whoopsie, train derailments aren’t a whoopsie, even most wars (every American involved war since WW2) are not a whoopsie. They are all the predictable results of capitalists choosing to rake in more profits at the expense of you and I.
In my view, it’s a pretty good system which constrains huge organizations like Apple to making devices, when the alternative is that they could be setting up their own governments.
Why would they need to set up their own governments when they control ours? How exactly are they constrained? Google is arguably more powerful than most nations’ governments. Sure, most of that is soft power, but if trends continue it won’t stay soft for much longer.
You don’t own your own home and you feel this way? Yeesh. Have fun paying your landlord’s mortgage for the rest of your life as buying a house becomes more and more difficult.
Well I mean it’s unclear to me that we’re much worse than previous points in history.
That’s interesting, because to me it’s very clear. After all, small isolated pockets of people ruining their economy and the environment they depend on is quite a bit different from all of humanity everywhere doing this.
That’s an interesting perspective! Care to share some data?
Personally, I think the fact that the median person in capitalist nations has enough food to eat is a pretty big plus! I don’t think that’s been the case throughout most of history.
If you have to work in order to pay your bills you are not a successful capitalist. And it doesn’t matter whether you freelance or not.
I’d rather have the climate crisis over the nuclear one, or either of the world wars, or live under a feudal system where I’m owned by the local lord in his castle.
Give it a couple of years, because the world is going to get a lot, lot worse than it currently is (which is already pretty bad, for folks around the world). The World Wars will be nothing in comparison, and at least a nuclear war would be a relatively fast end.
I’d rather have the climate crisis over the nuclear one
Why? Either way, everybody dies.
or either of the world wars
Instead of dying from mustard gas, we’re all going to die from heat and starvation. Yay.
or live under a feudal system where I’m owned by the local lord in his castle.
Today, you get to choose which lord owns you, and change lords on occasion, but other than that it’s pretty much the same thing.
That’s way too simplistic. It’s not just big corporations that block each and every measure to mitigate climate change.
Ask a small home owner, or car owner, why they are against climate change measures. They will point out that their life would need to change, and that’s why.
Climate is fucked primarily because people are unwilling to look around the next corner. That corporations are the same is more a property of them being comprised of people rather than capitalism per se.
Capitalism would work with wind and solar parks just as well as with coal.
Ask a small home owner, or car owner, why they are against climate change measures. They will point out that their life would need to change, and that’s why.
It’s perhaps a little tangential to the “merits of capitalism” topic, but it’s worth noting that the circumstances that caused such a large percentage of the U.S. population to own single-family houses or cars – the Suburban Experiment – is substantially the result of deliberate policy choices by the Federal government starting around the 1930s:
-
Euclid v. Ambler established the legality of single-use zoning, which enabled the advent of single-family house subdivisions that outlawed having things like front yard businesses, destroying walkability.
-
The Federal Housing Administration was created, which not only published development guidelines that embodied the modernist1 city planning ideas popular at the time (they literally had e.g. diagrams showing side-by-side plan views of traditional main-street-style shops and shopping centers with parking lots, with the former labeled “bad” and the latter labeled “good”), but also enforced them by making compliance with those guidelines part2 of the underwriting criteria for government-backed loans.
-
The Federal government passed massive subsidies for building highways, while comparatively neglecting the railroads and metro transit systems.
Of course, that isn’t to say that there wasn’t corporate influence shaping those policies! From the General Motors streetcar conspiracy to the General Motors Futurama exhibit at the 1939 New York World’s Fair, it’s obvious that the automotive industry had a huge impact. It’s less obvious – or perhaps I should say, less “provable” – that said influence was corrupt (in terms of, say, bribing politicians to implement policies the public didn’t otherwise actually want) rather than merely reflective of the prevailing public sentiment of the times, but I don’t disbelieve it either.
TL;DR: I’m not necessarily taking a position on whether it was proverbial “big government” or “big business” to blame for America’s car dependency, but I am saying that it’s definitely incorrect to characterize it as merely the emergent result of individual choices by members of the public. Those individual choices were made subject to circumstances that both government and business had huge amounts of power over, and that fact cannot be ignored.
1 For more info on “modernist city planning” read up on stuff like the Garden City movement started by Ebenezer Howard, Le Corbusier’s Ville Radieuse, and Frank Lloyd Wright’s Broadacre City. In fact, I remember reading somewhere that Wright himself helped write those FHA guidelines, but I can’t find the reference anymore. : (
2 It would be irresponsible not to point out that redlining and racial segregation were massively important factors in all this, too. However, this comment is intended to focus on the change in urban form itself, so hopefully folks won’t get too upset that I’m limiting it to this footnote.
-
And yet, the giant oil corporations lied about climate change and subverted efforts to develop renewable energy back in the 80s when it could have actually helped. They did that to line their pockets, fucked over the entire world, and have had no repercussions for it. Don’t act like it’s the people’s fault. A large large portion of the damage to the climate was done so executives could save an extra .1% of profit for themselves.
No, a large portion of the damage done was so regular people could keep driving their oversized cars, eat out of season food, and cheaply heat their homes. Socialism does not require good environmental policy. Capitalism does not prohibit it. Climate change is a human problem.
I would reply asking if the people that are making these claims are actually the labor. Are service workers actually the ones producing anything? Western labor is compensated quite well relative to the rest of society which is why these ideas never go anywhere in the West. If you are not an actual laborer, why are you so pro-labor power?
Labor != Physical labor or producing physical things
Sure but in terms of a general strike, you will know the labor that really matters and what doesn’t. Critical labor in the West is compensated accordingly by the market, even by Western standards.
Because it’s objectively unsustainable? I don’t really get what it even means to be “pro capitalist” at this point. We know, for a fact, that capitalism will lead to disaster if we keep doing what we’re doing. Do you disagree with that? Or do you not care?
What is your general plan for what we should do when we can see that something we currently do and rely on will have to stop in the near future? Not that we will have to choose to stop it, but that it will stop because of something being depleted or no longer possible.
If you imagine that we’re trying to find the best long-term system for humanity, and that the possible solutions exist on a curve on an X/Y plane, and we want to find the lowest point on the function, capitalism is very clearly a local minima. It’s not the lowest point, but it feels like one to the dumbass apes who came up with it. So much so that we’re resistant to doing the work to find the actual minima before this local one kills literally everyone :)
Capitalism itself isn’t really the problem though, a free market economy should work. The issue is that the owners, be they corporate or private, don’t view their workforces the same way.
The greed of those at the top is crippling the very people that are driving the economy.
Free market works only to create monopolies because in the real world companies compete and then one gets gobbled up and these mega corps can gobble, out compete or lobby for barriers to market if there arent any already inherently. Imagine a new telecomp trying to start but its small then it need a huge investment to cover only a small area, how will that compete with a giant already established telecom? That happens in all businesses and sectora
The problems you listed are a feature of capitalism. The rich owners have more power in the owner-worker relationship. Which means they get richer, which means they get more power, which means they get richer, which means they get more power, etc.
The only thing resembling some balance was unions, and they were gutted so that guess what, the rich child get richer. Which meant they got more powerful, and we’re back to the cycle.
Because it’s objectively unsustainable?
I don’t think we know that. Indeed, what we’re currently doing as a species to the environment is unsustainable. But it’s not clear to me how it’s the capitalism that’s the unsustainable part. My understanding is that capitalism is a system which allows us, as a society, to produce things very efficiently, and to distribute resources. It hasn’t failed in that role, has it?
I don’t really get what it even means to be “pro capitalist” at this point.
I believe that, for example, if I wanted to open a bookshop, I should be able to. Or that if I wanted to rent a couple of 3D printers and sell widgets, that I should be able to. Or if I wanted to hire some dude on fiverr to write some music to my screenplay, I should be able to. This is capitalism. Do you disagree? This is what confuses me, and why I asked the question-- on my side of the fence, I don’t really understand what it means to be anti-capitalist. Hence why I asked.
We know, for a fact, that capitalism will lead to disaster if we keep doing what we’re doing. Do you disagree with that? Or do you not care?
Well no need to be rude! Of course I care! And yes, we’re headed towards disaster in terms of the environment. But I don’t understand, like I said above, how capitalism is causing it and how not-capitalism would solve it. We have 7 billion people on the planet and they all need to be fed. Capitalism is the most efficient system we know of to create and allocate resources. Should we… move to a less efficient system? Wouldn’t that be worse for the environment? How does that solve anything? This is my confusion.
What is your general plan for what we should do when we can see that something we currently do and rely on will have to stop in the near future? Not that we will have to choose to stop it, but that it will stop because of something being depleted or no longer possible.
This is an interesting question! I’m parsing it to mean “how can the current problems be solved within a capitalist system?”. It’s a good question, and I don’t have a 100% guaranteed answer. But I don’t see that any capitalism alternative has a good answer either, so still I don’t see how capitalism is the “bad guy”.
In any case, my answer is this: A side effect of all of capitalist driven efficient production is that the environment is harmed. Here, I think the governing bodies have failed in their roles: their role is to define what “capital” means and rules of ownership. They haven’t done that for environmental concerns, which is why capitalism isn’t taking it into account properly. My desired solution is that the government could define a “total amount of carbon emissions” that would be allowed by the country as a whole, and then distribute transferrable carbon credits on the open market. This turns “rights to emit carbon” into a form of capital, and capitalism will do what it do and optimize for it.
In essence, I believe that governments have done a bad job of using the tool of capitalism to solve the problem of pollution.
If you imagine that we’re trying to find the best long-term system for humanity, and that the possible solutions exist on a curve on an X/Y plane, and we want to find the lowest point on the function, capitalism is very clearly a local minima
Great analogy! But… have we seen a lower minimum? What’s the rationale behind that system? That’s my question
I believe that, for example, if I wanted to open a bookshop, I should be able to. Or that if I wanted to rent a couple of 3D printers and sell widgets, that I should be able to. Or if I wanted to hire some dude on fiverr to write some music to my screenplay, I should be able to. This is capitalism. Do you disagree?
This isn’t really capitalism, this is production/commerce. This is what capitalists (people who own capital) tell you capitalism is. Capitalism isn’t you buying a tool and using it. It’s buying the 3D printer, paying people to design and build widgets, paying people to sell the widgets, then taking most of the money for yourself. You might say you make and sell widgets for a living, but you don’t. You own a 3D printer for a living, and exploit the people who make widgets for a living.
You can hate capitalism and still make stuff. Anticapitalists usually aren’t interested in taking away your 3D printer. State Communism isn’t the only alternative, and most leftists hate that idea just as much. Some alternatives include worker coops and mutual aid.
I hate that I can work (with others) to build a company from the ground up and have nothing to show for it, because the owner is using us to fund his lifestyle. I hate that landlords can buy up all the homes, driving up the cost to the point no one can afford one, then rent them out and sit on their ass while I pay their mortgage. That’s capitalism. People profiting off of ownership. It inevitably ends with some people owning almost everything, and the majority owning nothing.
Capitalism isn’t you buying a tool and using it. It’s buying the 3D printer, paying people to design and build widgets, paying people to sell the widgets, then taking most of the money for yourself.
Yes, I agree that this should be possible. Of course, if I’m taking too much money, the capitalist system will encourage my competitors to defeat me. Meaning that there a dis-incentive in place for doing bad/selfish things. Sounds like a pretty good system!
I hate that I can work (with others) to build a company from the ground up and have nothing to show for it, because the owner is using us to fund his lifestyle. I hate that landlords can buy up all the homes, driving up the cost to the point no one can afford one, then rent them out and sit on their ass while I pay their mortgage. That’s capitalism. People profiting off of ownership. It inevitably ends with some people owning almost everything, and the majority owning nothing.
Yes I agree! I hate these things too. But capitalism doesn’t prohibit every bad thing. Bad things can still happen under capitalism. I’m just saying that such things are harder to do under capitalism than any other system. For example, you mention landlords have to buy up every home before they can take advantage of you through their monopoly. That’s way harder than other systems, where the government already owns all the homes, and can simply drive up the cost whenever they want :/
That’s way harder than other systems, where the government already owns all the homes, and can simply drive up the cost whenever they want :/
When was the last time you voted for your landlord?
That would be the last time I moved, so about a year ago.
Also, I happen to very much like my landlord. This is because they’re heavily incentivized to address my concerns because otherwise I’d leave a bad review which they care about. Examples are: they fixed a couple of times the laundry facilities were broken, they fixed broken windows a couple of times, etc. etc.
EDIT: Actually, you’re making a very good point which I didn’t address properly! You’re saying that voting gives society more power than prices do. This is a good point, but I disagree. I think prices control production more than any government can, because it allows a much more granular decision-making. For example, every single individual can “vote” that their apartment is too expensive by leaving and finding cheaper places, driving prices down.