Comment on The System does not work.
CannonFodder@lemmy.world 3 days agoI’ve seen innovators get some investment and build small businesses. They do this because they think they can create a new product that consumers will want. This is the catering to the public. It’s a risk as they put up their own money, time and effort. It’s not desperate, its a job, but they get to run it. If it works out, they end up with a stake in a worthwhile enterprise and they can get financial rewards. And society ends up with a new product or service. They needed capital investment to get things off the ground, and they had to convince someone with money to make that investment. The person fronting the startup costs gets some financial reward if it works out. So they are motivated to invest in development costs. If the company grows and grows and tries to overcharge, another startup should be able to get some of their business by being more efficient and not as greedy. It can work if the government can enforce rules against anti-competitive behaviors, and regulations about how to treat workers.
SinAdjetivos@lemmy.world 3 days ago
It turns out reality is a bit different than the 5th grade textbook you keep regurgitating.
That is an incredibly naïve and reductionist perspective.
CannonFodder@lemmy.world 3 days ago
Right, we’ve certainly let it get out of control in the U.S. and many other western countries, to lesser degrees. But what else has been shown to work without falling into a fascist nightmare or nose diving quality of life for the majority? As they say, capitalism is the worst system, except for all the others.
SinAdjetivos@lemmy.world 3 days ago
Uh, you really should look at the history of quality of life during the communist transitions of both China and the USSR. The incredibly deadly, massive famines that are often pointed to as ‘failures’ are closer to a reversion back to the norm.
The massive poverty reduction often cited as “see capitalism works!” Is >75% China’s communist conversion. Even the world bank admits this! How the hell does a nation of peasant farmers transitioning into the most industrialized and modernized nation on earth, and largely eliminating global poverty, constitute a “nose diving quality of life for the majority”!?
They being idiots with a complete lack of media, historical, political and/or mathematical literacy!
CannonFodder@lemmy.world 2 days ago
Sure, but you’re picking China for its success in poverty reduction and ignoring it’s authoritarian and oppressive policies. The USSR collapsed financially, so it doesn’t make a good example of anything.
No system is perfect and I’m surely not saying capitalism is. They all require constant adjustment and governments that prioritize the well being of the people. This always fails because humans are assholes regardless of the governmental system.