The problem isn't Capitalism. The problem is the people at the top. Every system can be exploited.
If we switched to Communism or Socialism tomorrow, would we be better off? No. Because the people at the top would still run on the same mantra. We would probably be worse off.
https://www.youtube.com/watch?v=z2S05eFpp8g&lc=UgygSWA70947AlsinnN4AaABAghttps://www.youtube.com/watch?v=z2S05eFpp8g&lc=Ugw6sBG-oD7RK4xwM9d4AaABAghttps://www.youtube.com/watch?v=z2S05eFpp8g&lc=Ugw6sBG-oD7RK4xwM9d4AaABAg.AMpKu2mv1x6AMrLqXIFmUMThe problem isn't Capitalism. The problem is the people at the top. Every system can be exploited.
If we switched to Communism or Socialism tomorrow, would we be better off? No. Because the people at the top would still run on the same mantra. We would probably be worse off.
Capitalism at its core needs a bottom class to exploit
The daddy of capitalism, Adam Smith wrote in Wealth of Nations (book 5, Chapter 1, part 2):
"Wherever there is great property there is great inequality. For one very rich man there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. The affluence of the rich excites the indignation of the poor, who are often both driven by want, and prompted by envy, to invade his possessions. It is only under the shelter of the civil magistrate that the owner of that valuable property, which is acquired by the labour of many years, or perhaps of many successive generations, can sleep a single night in security."
And
“Civil government, so far as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, or of those who have some property against those who have none at all.”
Come on, breh. We had gloves off Capitalism in the 1800s and by the end of that century we, in America, had mass poverty and the wealthiest people in the worldNot really. We could all live well if wages were kept up and products kept reasonably priced. Someone who worked at a warehouse in the 50s could afford a home, stay at home wife, and kids.
This just shows a misunderstanding of communism and socialism. The whole point of Communism is not having a "top". Socialism is the different processes of getting there. Slavery WAS a capitalist endeavour. The slaves were property to use money. This cannot exist under communism or socialism because they look to abolish ownership of private property.The problem isn't Capitalism. The problem is the people at the top. Every system can be exploited.
If we switched to Communism or Socialism tomorrow, would we be better off? No. Because the people at the top would still run on the same mantra. We would probably be worse off.
Come on, breh. We had gloves off Capitalism in the 1800s and by the end of that century we, in America, had mass poverty and the wealthiest people in the world
This just shows a misunderstanding of communism and socialism. The whole point of Communism is not having a "top". Socialism is the different processes of getting there. Slavery WAS a capitalist endeavour. The slaves were property to use money. This cannot exist under communism or socialism because they look to abolish ownership of private property.
Don't know what you mean in the first line. Responding to the second. Socialism is a transition period to Communism, redistributing the wealth made from Capitalism. Its not a dictator flicking a switch deciding which economy they want to try out.Gloves off Capitalism = Greed.
Again, the system isn't the problem. Greed is.
If we switched to Socialism or Communism we would not be better off. We would actually be paying far more in taxes, while still having shyt infrastruction, education, medicine.
Yeah because wealthy people don't find and use loopholes.
Most countries use a combination of some form.
Capitalism is basically greed. Adam Smith laid it all out right from the beginning.Gloves off Capitalism = Greed.
Again, the system isn't the problem. Greed is.
If we switched to Socialism or Communism we would not be better off. We would actually be paying far more in taxes, while still having shyt infrastruction, education, medicine.
Yeah because wealthy people don't find and use loopholes.
Most countries use a combination of some form.