• Wanderer@lemm.ee
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    10 months ago

    Most economist agree with externalities and wealth distribution. But people don’t like externalities and wealth distribution has nothing to do with capitalism and is to fo with politics.

    • AllonzeeLV@lemmy.world
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      10 months ago

      https://en.m.wikipedia.org/wiki/Capitalist_propaganda

      https://en.m.wikipedia.org/wiki/Regulatory_capture

      https://truthout.org/articles/pedagogy-for-profit-education-under-capitalism/

      The capitalists own major media, the capitalists influence curriculum, as they’ve captured the state governments that set them, from K-Colleges of Economics to say “free market” capitalism is the only way kiddies. It indoctrinates millions of non-wealthy Americans to advocate against their own interests. Hi.

      They use their power over government not only to deregulate their own industries for profit, but to defund social supports and then use their media to shriek “see how government doesn’t work?! Privatize everything!”

      You can sing the praises of capitalism if you want, but capitalism not straight jacketed/draconianly regulated is a social blight that removes all humanity from society. A society shouldn’t be in service to an economy, an economy should be a lowly tool to distribute goods and services for the benefit of society.

      • Maggoty@lemmy.world
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        10 months ago

        Actually it was my economics classes in university that highlighted how bad things are and how corporations need to be highly regulated. Even the professor who attempted to show us we couldn’t regulate corporations and thus shouldn’t try used a simulation that made it apparent corporations would strip the land and ocean of everything if they could.

        It definitely depends on the university you go to, there’s ideological differences in economic schools of thought. But the observed science is very simple and repeatedly proves demand driven programs at the bottom of an economy are far more powerful than supply driven programs at the top.

      • Wanderer@lemm.ee
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        10 months ago

        I will sing the praises of capitalism because I understand it in a way most people on this site do not. It has done more to improve the standard of living and bring people out of poverty than anything.

        Yes there are poltical issues in our society, especially America which isn’t the world and isn’t the only capitalist country. But that is a political issue.

        People just need to think more about politics and understand how the economy works more. That’s where the issues lie.

        • AllonzeeLV@lemmy.world
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          10 months ago

          That’s fine. Our trajectory is pretty well set anyway. We’ll keep insisting more growth/metastasis is the solution for the consequences of reckless growth/metastasis.

          Have fun blaming everything except the root cause on the way down.

          • Wanderer@lemm.ee
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            10 months ago

            If someone comes up with a better alternative I’ve love to hear it.

            So far no one has.

              • Wanderer@lemm.ee
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                10 months ago

                That’s a co-op.

                They exist in capitalism. There is no reason they are seperate to capitalism. They aren’t.

                Plenty of co-ops have existed. But in a modern world with globalisation shares are easier to manage than co-ops.

        • msage@programming.dev
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          10 months ago

          Technology and science is pushing humanity forward.

          And despite capitalists claims, it’s the government supplying both, not the corporations.

          Take billions in public funding, sell the result for profit, claim no one else could do that and no alternative exists.

          Tale as old as time.

          • Wanderer@lemm.ee
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            10 months ago

            You need to look up the amount of funding corporations do verses government.

            Also government spending in a capitalistic society is a good thing. It’s like education. Governments put money into education and get “nothing” back for it. It just wastes money. But Governments do not work like businesses. Governments work through taxes so anything that can increase the amount of taxes they make is a good thing.

            So something like education or funding is a cost that is recuperated in taxes.

            Getting business to do things is just more efficient then doing it state controlled. That’s why America did so well from the war and Germany had issues.

            The understanding of economics and capitalism is very low on this website.