Do you support sustainability, social responsibility, tech ethics, or trust and safety? Congratulations, you’re an enemy of progress. That’s according to the venture capitalist Marc Andreessen.
Do you support sustainability, social responsibility, tech ethics, or trust and safety? Congratulations, you’re an enemy of progress. That’s according to the venture capitalist Marc Andreessen.
Who are all these extremist wackos who don’t already want to abolish capitalism?
How about we just regulate the companies instead. I know, it’s shocking to all of the Americans here, but just think about it. When companies are allowed to do whatever they want, it’s like being locked in a cage with a psychopath.
Capitalism has lifted more people out of poverty than any other system. It’s not perfect, but neither is any other system.
Industrialization lifts people out of poverty, capitalism sinks them into poverty by stealing the value of their labor as profit.
Also what’s with the phrase “lifted out of poverty?” The fuck does that mean? Why is this same phrase repeated anytime some criticizes capitalism? It’s like a stock phrase or talking point that makes you sound like a robot.
Are you sure about that, because last I checked the Soviets industrialized and their people still stayed poor as hell.
Industrialization happened because of capitalism.
Industrialization happened because of individual efforts to make the lives of workers close to them easier.
Lol, no steam engines without stealing from the worker, got it. 🙄
I mean, around that time, I’m pretty sure steam engines were literally considered ‘stealing from the worker’.
The same with many other forms of mechanisation.
It’s not that the luddites were wrong, just that they were easily beaten, because humans can’t compete.
There are critics and cynics, but the same is happening now around AI.
There’s not a worker in the world who will vote away their own job.
Unchecked control of the workers for industry will harm us all. We don’t need socialism we need strong unions.
The fuck are you talking about? This happens all the time.
No it doesn’t, historically people have literally burned down factories and assaulted those who were replacing their jobs.
There’s not a factory in the world with any significant number of workers that find some new innovation that makes all those workers obsolete where the workers go “oh yeah, let’s do that”
There are absolutely zero incentives for a worker too to support such a thing. If you think they’re going to somehow magically vote against their own interest and act in favor of the common good no matter the situation…
Well that’s very socialist thinking from you.
That’s pretty amazing considering Adam Smith didn’t write The Wealth of Nations until well after steam engines were in use in Britain.
Capitalism must be so powerful it can time travel!
do you think Smith invented capitalism?
The BBC sure seems to think so
Steam engines - primitive ones - were first used in 1712, and The Wealth of Nations was written in 1776. Based on that timing I’d say industrialization caused capitalism, not the other way around.
Modern Capitalism is more a product of the Dutch East India company, chartered in the early 17th century, than Adam Smith’s Wealth of Nations which was written as a critique of the subsequent 200 years of capitalist practices.
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Industrialization in the USSR didn’t happen? Damn. Where did all those nuclear power plants come from, then? What about that massive agricultural surplus? How did they develop their own computer technologies?
I’m amazed that you chose the three worst things you could have picked from the USSR. They literally stole their nuclear tech from the capitalists, did not believe in genetics, period, and created famines from their poor understanding of environmental science and lack of flexibility (Gigantic centralized serf farms are bad if the local weather isn’t ideal! , and their computers were trinary garbage that barely functioned.
Soviets had a hydrogen bomb before their Western peers.
What’s more the world’s first nuclear power station at Obninsk was connected to the Moscow grid in June of 1954. The Soviets outpaced their American peers in nuclear power, rocketry, and advanced electronics well into the 1970s.
That’s flatly untrue. And it completely neglects their role in eliminating smallpox during the 1950s.
https://www.nytimes.com/1983/01/09/world/cia-says-soviet-can-almost-do-without-imports.html
They ended famine in Asia. A continent that suffered mass famine every ten to fifteen years was fully fed through domestic agricultural production by the end of the 1960s.
Stalin was so stacked with grain in the 50s that he was bailing out the English colonies throughout India and Bangledish.
Yes, all those wonderful capitalist innovations like minimum wages, the 5-day work week and paid holidays.
Oh wait those are all things capitalists fought tooth and nail against and social movements made happen. You’re assuming that because something good happened under capitalism that it’s because of it, but most of the actual good things that lifted people out of poverty were anticapitalist. Meanwhile all the needless suffering and deaths because of capitalism never seem to get attributed to it despite the fact that wealth hoarding is responsible for creating so many resource scarcity problems that we have the ability to solve.
That is only true if you use capitalist metrics to measure poverty
The way capitalists use capitalist metrics to prove capitalism is good is really annoying. “Look at our per-capita GDP!”
“Yeah but you have one billionaire and everyone else goes bankrupt if they get sick.”
“Yeah, but our per-capita GDP is high so we don’t need to do anything.”
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What the hell are you talking about. The nordic countries constantly rate as one of the most economically free countries in the world. Capitalism is everywhere in the nordic countries, but it’s also used to support comprehensive welfare state.
And yes, I come from the “happiest country in the world” so I guess I can literally see that we are quite capitalistic.
I’ve had so many debates with people who say “socialism is a success, it works in Scandinavia”.
And I’m like, when have the Scandinavian and Nordic countries ever been socialist?
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Who are these special “capitalists” you are referring to? Majority of Finnish citizens and literally every major political party here?
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No lol. Also the Finnish health care system is already heavily a mix of public and private sectors because of how our social security system and occupational health care system works.
The fact the Nordic countries are rated as the most happy in the world proves that abolishing capitalism is a fucking awful idea. The Nordic countries are all capitalist.
Those countries are capitalist. Research the Nordic Model.
It’s a myth that capitalism alone has lifted people out of poverty. In fact, many nations have fought to implement strong social policies just to try and shield their citizens from its excesses. For every claim of progress, there are countless tales of exploitation, dispossession, and environmental ruin. Saying no system is perfect trivialises the issue. With capitalism, the true cost is often hidden behind the glittering façade of consumerism, at the expense of human dignity, ethics, and our planet’s health.
Downvoted for saying a simple fact.
Am I on Reddit?
You can take the redditor out of reddit, but you can’t take the reddit out of the redditor
The hivemind is strong on lemmy too. Makes sense, considering the name I suppose.
You’re confusing capitalism with industrialization.
The development of modern modes of production came about nearly two centuries after the foundation of modern marketplace practices. The Dutch East India Company did not bring people out of poverty. Just the opposite. It served as a means of rapidly conquering and subjugating large indigenous populations, by using the speculative bubbles created during periods of looting to construct large militaries capable of further conquest. The rapid militarization and trans-continental looting/pillaging of the 17th and 18th centuries resulted in the increased spread of contagious disease, the worst genocides committed since at least the Roman era, and the formalization of Colonial Era chattel slavery.
Industrialization, which was a product of the mathematical and material sciences renaissance of the late 19th and early 20th centuries, produced huge surpluses in commercial goods and services. Revolutions in textile manufacturing, fertilization, fossil fuel-based transportation and electrification, materials sciences, and medical innovation brought hundreds of millions of people out of the agricultural economy and brought a functional end to a litany of common causes of death. The industrial era was not specific to the capitalist economic mode, but it was practiced most aggressively early on by capitalist states.
But the Industrial Revolution had a huge knock-on effect. Mass media and modern communication reoriented traditional class hierarchies and formed new models for social organization. The seed of socialist theories that had been planted in the 17th and 18th centuries blossomed into massive revolutionary labor movements during the 19th and 20th centuries. This, combined with the industrial collapse of the imperial core in the wake of the First and Second World Wars, signaled the beginning of the end of capitalism as a hegemonic economic force.
By the 1950s, numerous socialist political experiments produced successful industrialized civilizations, some of which even persist into the modern era. Meanwhile, rising standards of living from industrial surpluses in food, fuel, and living space raised living standards globally without regard to one’s economic mode.
The real test of capitalism as an enterprise has kicked in during the last 50 years. By the 1970s, the era of cheap fossil fuel was coming to an end and various economic models were forced to contend with a declining rate of new surplus goods and services. Forced to choose between economic conservation/improved efficiency and a new wave of imperial aggression, the capitalist states have attempted to backpedal into their old traditional colonial models of business. The end result has been a new generation of major military conflicts - from the Vietnamese Jungle to the Iraqi desert - alongside a number of ugly civil wars and domestic insurrections in former capitalist strongholds.
Without a continuous industrial surplus to drive profit, modern capitalist economic models are failing. Quality of life in capitalist states is beginning to decline. And capitalist leaders are turning to more militant methods of seizing natural resources, forcing low-wage labor, and wrecklessly disposing of excess waste.
Capitalism rode the cresting wave of industrialization for a century. But now it is failing. And people in capitalist states - from the UK to Saudi Arabia to the Philippines - are seeing their quality of life erode away at a rapid pace.
Kind of need a valid replacement.
I ask the reader, if you could live in any country in the world, what country would that be? Seriously think about it for a moment. Take your time. … Now, note if the country you just chose is capitalist or not, it almost certainly is.
Yes, capitalism has flaws, but we have yet to see a better system.