this post was submitted on 06 Jan 2025
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Not everyone. Capitalists love capitalism. It's the people who aren't capitalists but think they are because they love capitalism.
Sort of like how people think they are Christian's because they go to church believe in Jesus, but don't actually follow the teachings.
People think they are all sorts of things they are not and make themselves and or other miserable because of their fantasies.
We haven't had capitalism in any sense of the word for about 60 years at this point. What we have seen is government interventionism in a protection of certain businesses that align with the interests of the sitting politicians - in other words, a form of Oligarchy.
What has transpired is an increasing degree of government deficits to fund entitlements, that drive inflation, which create more dependency on the entitlements and a call to do things like raise minimum wages.
The actual solution is: Trim federal spending, go into deflation, and drive the buying power of the currency up. This would allow people to pay down debts while maintaining standard of living, and allow for a reduction of dependency on hand outs - which would allow for a further reduction in government spending. The problem here is that the first step ABSOLUTELY SUCKS for a LOT of people - but it needs to be done.
From here: The big hedge funds, and such need to be ripped apart systemically.
This is so fractally wrong that it would take two hours to untangle this hodge-podge of confusion. So I’ll just say, the only way out of neoliberalism’s problems is to do neoliberalism even harder. 😂
You're just describing how Capitalism has reached its later stages, its death throes. You can't turn the clock back, we have to turn it forwards to Socialism.
-We haven't had capitalism.
Continues on with Capitalistic solutions.
My problem with this logic is the same problem I have when suited clowns claim they'll just raise prices on everything 300% if the minimum wage goes up by $2.
Say we "trimmed federal spending" (which is kinda its job as an entity, to spend towards the people, ideally), and somehow magically our already-printed simoleons became worth more per dollar...
What, besides intense federal regulations, would prevent bosses from just spinning this as some kind of crisis, and making it an excuse to pay us less because "each dollar is worth more now so you're making too much"?
"Entitlements" and "hand-outs" are necessary not because people are lazy, but because from a business perspective, jobs aren't worth doing anymore , but we do them anyway because we're forced to, if we want to participate in society at all.
TL;DR:
Basically, the solution is to tell the rent-seeking neo-gilded-age robber-barons of our day "Fuck you. Pay me." If they actually paid a fair wage for the profits their employees generate, we'd be able to "pay down debts while maintaining standard of living, and allow for a reduction of dependency on hand outs - which would allow for a further reduction in government spending."