• Phoenixz@lemmy.ca
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    1 year ago

    I’m sorry but your definition of capitalism is incorrect.

    Leveraging money and power to extract resources and value without actually creation anything of value-i.e. Capitalism- is very, very bad.

    Yeah, it’s something that capitalism as currently is (mostly in the US) allows, but that isn’t the basis of what capitalism is.

    I fully agree with you that capitalism needs very strick limits to not be abusive, but it’s still a hundred times better than communism, something that too many people here propose as the final great solution

    • IHaveTwoCows@lemm.ee
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      1 year ago

      Actually I think the problem is capitalists entering into forums and insisting that any regulation of capitalism is communism by default. It’s not a case of one or the other, but there is absolutely no way to reform the system from within its current structure. We would have to first abolish any and all corporate lobbying and criminalize the submission of donor checks to legislators, and then repeal any and all tax breaks and pro corporate laws and regulations passed since 1980.