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

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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[-] sunbeam60@lemmy.one 123 points 1 year ago

Man this debate is so US centric - as if there is only two choices: Unhinged, raging, exploitative, robber-baron capitalism OR Bolshevik Communism.

Typing this from one of the richest, strongest market economies in the world, which provides free health care, free education and generous e employment protections in the world. Everyone is happy, everyone is healthy, broadly, and capitalism exists next to a system of government that regulates to ensure the well-being of their citizens.

Social democracy people, it’s for real!!

[-] pazukaza@lemmy.ml 21 points 1 year ago

I see a fellow social democrat and I upvote.

People here think that if you agree with private property and private incentive then you suck billionaires d*cks.

Man, there is a whole spectrum that is much more realistic than pure communism or socialism.

[-] jlou@mastodon.social 3 points 1 year ago* (last edited 1 year ago)

Being in favor of private property and private incentive does not even necessarily mean that you are pro-capitalism. Capitalism as the term is used has three defining features:
- Markets
- Private property
- Employer-employee relationship
One could have a non-capitalist economy that replaced the last one with democratic membership in the firm and still kept the other two features such as a market economy consisting of worker coops

[-] Zyansheep@lemmy.ml 4 points 1 year ago

Huh, I use capitalism solely to refer to the first two πŸ€”

[-] jlou@mastodon.social 1 points 1 year ago* (last edited 1 year ago)

The reason I include the employer-employee contract is the workers' self-management centering traditions of anti-capitalist thought. In a proper analysis, the employer-employee contract plays a much more crucial role in alienated capitalist appropriation that anti-capitalists like to point to, but cannot usually properly criticize. The employer-employee contract is where the workers give up the right to democracy and the right to the fruits of their labor

[-] Zyansheep@lemmy.ml 3 points 1 year ago

So you are defining an ambiguous term in order to better criticise it? That makes sense, but it might not convince people who have different definitions πŸ€”

Like I for example would consider a Co-Op where the employees own the company / have voting power over how its run to be a part of a capitalist system, hell, I'd even consider someone who makes a living as an artist where they own all their tools to be a part of a capitalist system... although I suppose that could also be considered socialist to some degree because the artist "owns" the means of production?

These definitions are kind of difficult to use...

[-] jlou@mastodon.social 2 points 1 year ago* (last edited 1 year ago)

Not defining the term. I am using the term how it is used. I hate to appeal to wikipedia, but they include wage labor in capitalism's central characteristics.
Happy to call economic democracy a variant of capitalism depending on the audience. It is odd tho with labor having a special role.
The difference from capitalism is the right to worker coop is inalienable in economic democracy, so working in a firm automatically grants control rights.
I am not a socialist, so cannot comment there

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this post was submitted on 20 Jul 2023
446 points (75.9% liked)

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