446
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!

you are viewing a single comment's thread
view the rest of the comments
[-] SocializedHermit@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Oil production and distribution is an international operation, and oil markets are just that, Markets. Very few if any countries drill, produce, refine and consume their own petroleum sources. Most countries may have only one or a couple facilities that can extract or refine oil. All crude oil is assessed by its grade and given a value on the international market. Extractive economies (Russia for example) have to either refine and consume their own product which they can't use to put currency in their economy or they sell raw crude to, say, India for US Dollars. India will either refine it for it's own needs or sell it at market. Canada extracts it's oil from oil sands, sends it down to the gulf coast for refining and transshipment to other markets. This is classically a Capitalist supply and demand market, and oil producing countries use oil proceeds to buy foreign currency reserves, regardless of their political system. The entirety of it is Capitalist from beginning to end.

That you're even attempting to try and deflect the various excesses of Capitalism with specious reasoning like "Communist countries produce oil too so not Capitalism" is puerile and an argument in bad faith. You're trying to work back towards your hypothesis "Capitalism good" without doing the work of actually building the argument. Your ineffective points are useless and wholly unconvincing. You're just a shill without an intellectual understanding of what you are attempting to put across. Your ham-fisted defense of Capitalism is simple refutation, you haven't posited anything yourself, you're just attempting to refute what other's have responded to your bait question. Saying "nuh-uh" isn't a defense or a rationale.

I've wasted more time on this than I cared to.

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

Asklemmy

43908 readers
901 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS