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Almost every problem in the world would be dealt with meaningfully if we outlawed billionaires. (lemmy.ca)
submitted 6 months ago* (last edited 6 months ago) by ininewcrow@lemmy.ca to c/showerthoughts@lemmy.world
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Everytime I look at small problems or big global problems, if you follow the money trail, it all leads to some billionaire who is either working towards increasing their wealth or protecting their wealth from decreasing.

Everything from politics, climate change, workers rights, democratic government, technology, land rights, human rights can all be rendered down to people fighting another group of people who defend the rights of a billionaire to keep their wealth or to expand their control.

If humanity got rid of or outlawed the notion of any one individual owning far too much money than they could ever possibly spend in a lifetime, we could free up so much wealth and energy to do other things like save ourselves from climate change.

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[-] Dark_Arc@social.packetloss.gg 1 points 6 months ago* (last edited 6 months ago)

The definition of capitalism:

an economic system based on private ownership of capital

I think where I disagree is that capitalism is an untamable beast or that private ownership is bad. Private ownership at the small scale breeds competition and interoperability. At the large scale it becomes a monoculture just like a truly socialist government would be (in both cases the average person's individual buying power and individual vote aren't going to move the needle much).

Putting limits on capitalism so that small and medium businesses dominate and the middle class has enough money to reasonably take chances on creating new businesses without gambling their life savings is what I want to see.

this post was submitted on 20 Apr 2024
605 points (89.0% liked)

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