Capitalists love regulations and do a lot to make sure financial laws are in their favor and make great use of government handouts they help orchestrate for themselves.
Yeah, Senator Whitehouse actually wrote a book awhile back, Captured, that covers the topic very well. However, that book is also depressing because he illustrates just how fucking rampant it is in the US now.
Capitalism could be amazing if the psychos of society didn’t constantly rise to the top then again the same could be said for communism and just about every other system we’ve tried.
No, the competitive nature of capitalism definitely incentivizes people to do very shitty things to each other for personal gain. Or have you not heard of the Gilded Age? Or our current climate crisis? Or strike breaking? Or the incredible wealth inequality we are seeing today?
[edit] The Irish Potato Famine? The Bengal Famine? Belgium in the Congo? Sweatshop labour? Coups in South America for the benefit of fruit companies? Wars in the Middle East for the sake of oil? Clear-cutting of the Amazon? Any of this ringing a bell?
Can you prove capitalism is the source of any of those problems vs just plain human greed?
If we want to attribute every negative event to it, well what about the positive events? Did it cause the light bulb to be invented, the telegraph, the computer, the printing press, satellites, etc, or was it just the economic system at the time?
Capitalism doesn’t make people greedy, lots of people just are.
Beyond that, you can beat on capitalism all you want but until someone comes up with a viable alternative, it’s what we’ve got.
You can say the same thing about many ideologies: socialism, communism, capitalism. All are great in theory. But humans exploit any system they can. That is their nature and purpose.
OP mentioned how badly the company was managed. So yea, 2017 saw them take a lot of money, go in a hiring spree… and do jack shit to improve the platform.
Fast forward to now and mods used 3rd party apps to do the job that they do FOR FREE, all while Reddit made… NFTs?
That company is so badly run it’s laughable.
Removed by mod
Capitalism is fine as long as people aren’t complete scumbags about it. Rare, I know. It’s a human morality proposition.
Capitalism is great, but it absolutely must be tempered by regulation.
The problem comes when the capitalist gains influence over the regulator, aka, regulatory capture.
Capitalists love regulations and do a lot to make sure financial laws are in their favor and make great use of government handouts they help orchestrate for themselves.
Yes, this is called regulatory capture.
Yeah, Senator Whitehouse actually wrote a book awhile back, Captured, that covers the topic very well. However, that book is also depressing because he illustrates just how fucking rampant it is in the US now.
Capitalism could be amazing if the psychos of society didn’t constantly rise to the top then again the same could be said for communism and just about every other system we’ve tried.
Want to say, “Communism” is democratic control of the economy. So ideally there is no “top”.
Using some terms really loosely here to avoid a wall of political theory.
You’re putting the cart before the horse. Capitalism incentivizes people to be scumbags.
So does any other economic model.
That is an absolutely meaningless statement.
As is capitalism incentivizing people to be scumbags, as trendy as that perspective is.
No, the competitive nature of capitalism definitely incentivizes people to do very shitty things to each other for personal gain. Or have you not heard of the Gilded Age? Or our current climate crisis? Or strike breaking? Or the incredible wealth inequality we are seeing today?
[edit] The Irish Potato Famine? The Bengal Famine? Belgium in the Congo? Sweatshop labour? Coups in South America for the benefit of fruit companies? Wars in the Middle East for the sake of oil? Clear-cutting of the Amazon? Any of this ringing a bell?
Can you prove capitalism is the source of any of those problems vs just plain human greed?
If we want to attribute every negative event to it, well what about the positive events? Did it cause the light bulb to be invented, the telegraph, the computer, the printing press, satellites, etc, or was it just the economic system at the time?
Capitalism doesn’t make people greedy, lots of people just are.
Beyond that, you can beat on capitalism all you want but until someone comes up with a viable alternative, it’s what we’ve got.
You can say the same thing about many ideologies: socialism, communism, capitalism. All are great in theory. But humans exploit any system they can. That is their nature and purpose.
i may get some flack for this but i honestly think reddit had it’s best years when alexis was most involved.
I kind of agree, but it’s also shitty he’s involved with the PGA/Saudis now
Who’s Alexis?
https://www.vox.com/2017/7/31/16037126/reddit-funding-200-million-valuation-steve-huffman-alexis-ohanian
What do you mean?
From 2017?
OP mentioned how badly the company was managed. So yea, 2017 saw them take a lot of money, go in a hiring spree… and do jack shit to improve the platform.
Fast forward to now and mods used 3rd party apps to do the job that they do FOR FREE, all while Reddit made… NFTs?