I think this is just a larger cycle of history that has nothing specifically to do with capitalism.
In every society, there are levers of power. In ever society, access to the levels of power grants you more power. Eventually, every society is ruled by a few people who can trivially put their own interests ahead of the interests of everyone else. Eventually, doing so for long enough makes everyone (but the powerful worse off) and the society collapses, at which point the guillotines come out and society resets (best case scenario) or it enters a stable state of serfdom.
This has all happened before. This will all happen again.
CannonFodder@lemmy.world 10 hours ago
Well, the idea is to use people’s greed to drive growth and progress. If the government can shape profit forces to drive life quality improvements of the population, then it can work. This basically boils down to taxing bad shit, or making certain practices illegal. People will always try to game the system and find holes, and the government needs to constantly watch for this and plug the. Then competition within those rules can lead to positive outcomes.
The government doesn’t need to treat corporations or billionaires with contempt, it just needs to ignore their wants and prioritize on the people.
SinAdjetivos@lemmy.world 7 hours ago
I understand the idea, I’m saying the idea is inherently contradictory and stupid.
A corporation only exists as a legal fiction. A corporation can not exist if a state “ignores their wants” because the state is the one granting the desire for the corporation to exist in the first place! Billionaires function similarly via the concept of private property but that one is a bit more roundabout.
They exist because the state intrinsically cares deeply because “billionaires” have every incentive to ensure the state does so. The state “ignoring their wants” does not come close to matching the incentives of the “billionaires” and as such the Nash equilibrium will ALWAYS favor the “billionaires” without equal, or greater, incentives for the state.
You set up a system based inherently on ‘winner takes all’ style conflict and are surprised when the most ruthless and least moral people end up winning?
CannonFodder@lemmy.world 1 hour ago
Any system will break down when the most ruthless and least moral people take control. You could argue that a communist system is no longer a communist system when the ruthless take over, buts that’s just the same as saying a well regulated capitalist system gets fucked up when the ruthless take over. I know capitalism is based on competition and that maybe makes it particularly fragile in that respect, but the competition part also makes it efficient and with the right regulations i think it can be efficient in terms of things that are good for humanity.