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Comment on I wonder why the world is on fire? A mystery

Wander@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

People overly hate capitalism. Almost no person in the entire world is for completely free market capitalism.

Capitalism works to increase efficiency and distribute resources effectively.

The issue is politics. Politics is broken not capitalism.

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rmuk@feddit.uk ⁨2⁩ ⁨days⁩ ago
Hahaha! Classic! Nice one.

Wait. Oh. Oh, no.

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5too@lemmy.world ⁨2⁩ ⁨days⁩ ago
I feel like capitalism and free market are a lot more intertwined in people’s minds than they should be.

Capitalism is some people owning property that generates resources, and those people pick where those resources go (usually aiming for whatever makes more money).

The free market is allowing goods and services to be sold to the highest bidder, with varying degrees of oversight.

A free market can optimize resource distribution, with several caveats (hence the oversight). It can be argued when and where it’s ideal, but I think what’s being complained about here is proper Capitalism - that the ownership class is in charge of distribution. The free market is just their excuse, as there are cases (such as renewable energy) where the most profit-optimal choice is ignored in favor of whatever is more palatable to the ownership class.

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Nonconfrontational@lemmy.ml ⁨1⁩ ⁨day⁩ ago
Lmao, capitalism works to funnel wealth to the owner class. Where did you get the notion that it increases efficiency and where in the flying fuck did you get the notion that it distributes resources effectively!?

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azureskypirate@lemmy.zip ⁨2⁩ ⁨days⁩ ago
I agree with you that almost no one wants free market capitalism, but for a different reason. A totally Free Market or Lazzie-Faire style of government oversight doesn’t correct market failures.

An example of a market failure: between 2022 and 2025, the top 3 US egg producers colluded to raise prices above market levels, and the government intervened–with a lawsuit that ended with a $3.3M settlement.

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LH0ezVT@sh.itjust.works ⁨1⁩ ⁨day⁩ ago
Almost no person is for a comple anarcho-capitalism with zero regulations, that is correct. That also sounds like a very extreme view that goes directly against human nature. However, a lot of powerful people have figured out they can control the governing bodies against their competitors. The end-game is not “perfect” capitalism, it is some form of oligarchy, like Russia in the 90s and 2000s.

Still fucking sucks, and still a form of those with capital ruling over those without.

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