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Why are folks so anti-capitalist? (programming.dev)

submitted 1 year ago by o_o@programming.dev to c/asklemmy@lemmy.ml

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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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[-] pingveno@lemmy.ml 2 points 1 year ago

At least in the US, there hasn't been much of a history of successful dynasties. Fortunes do get passed down, but not for long. Take the Vanderbilt family. There are few famous Vanderbilts in modern day US life. The one I find most recognizable is Anderson Cooper, and he got his millions from working, not inheriting. Of course, there's a constant attempt from the Republican Party to repeal the estate tax, so that might change.

this post was submitted on 20 Jul 2023

446 points (75.9% liked)

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