Only 9 percent of Americans younger than 30 have a “very positive” view of capitalism, according to a new CBS/YouGov poll.
That shows a stark generation between Generation Z and older generations.
The data arrives amid a surge in democratic socialist victories across the U.S. — and not just in progressive corners of the country. Florida state Rep. Angie Nixon (D) on Tuesday beat out the more moderate Alex Vindman (D) in the Democratic Senate primary in Florida, a state known for its sunshine, not socialism.
I’m fine with well-regulated, yea sufficiently-regulated, capitalism. But I really don’t care what you call it.
There should be some profit motive or I think it falls apart. But first and foremost, it has to be fair. We shouldn’t have billionaires. I don’t care if we have millionaires. But not one fucking stupidly-fucking-rich person until the social safety nets take care of every last one of us.
And the oligarchs built their wealth on the backs of the rest of us, and on the public services that WE fucking pay for. They need to pay their FAIR share, which is a fuck ton more than they are.
So beyond that? Details that people smarter than me can work out.
Am I anti-capitalism? Meh. I care less for what we call it than what it does and how it treats people.
One flaw in capitalism that I often think about is its inevitable that the ones who hold the most valuable resource writes the rules of capitalism. Even when well regulated, even if we get rid of lobbying, even if we get reverse Citizens United, whoever holds the most desirable thing holds influence, and influence is destined to become corrupted in a system that divides people into winners and losers via competition.
I think economies at a bare minimum should be optional to engage with for luxuries only and that we as a species should learn to value more meaningful things other than pretty metals and hollow social praise from strangers.
Honestly I think capitalism was born of the mental immaturity of our species. It sounds great if you don’t know much about the world, but the more you do the less capitalism makes sense.
Also can we just get rid of publicly traded stocks as well. That shit makes Capitalism explicitly worse and I’m like 90 percent sure it actively would corrupt any system it’s present in at this point.
If you want to sell stocks for mining expeditions for example then fine, but the company should be dissolved afterwards or otherwise take the total financial damages for failure.
Elon Musk’s companies directly employ roughly 150,000 to 160,000 people globally, Who do you employ?
Right, but capitalism is exploitative by its very nature. Profit is evidence of underpaying labor. There is a massive difference between something like a small business where the owner is working to provide the products/services themselves vs somebody buying a factory/plant/farm/whatever and paying others to do the work for them while they collect millions merely for owning the means of production. Is it possible for a small, single owner/worker/operator business to profit? Yes. The business profits by paying the owner less than their labor was worth, but it’s ultimately identical to paying the full value and then them choosing to invest their money back into the business. But you’d be braindead to do that because of how taxes on businesses work compared to income tax.
To be clear, it’s not that it’s called capitalism that’s what is pissing people off. It’s that people are going deep into debt to get degrees that they were promised were tickets to making enough money to live comfortably in a house that they could own, and instead everybody is so broke that simple purchases now require financing while working 2-3 jobs. Everything is getting worse and more expensive and it’s because of the economic expectation of infinite growth in a real world with finite resources. Speculative value is falsely inflating the value of an increasingly fundamental cornerstone of the US economy, and therefore a significant chunk of the global economy. AI as a tool can be useful in targeted usecases, but its parading as a solution for everything is a ruinous fucking bubble that’s spreading and consuming at a civilization-ending rate; it’s collapse if it pops, and it’s dystopian hell if it doesn’t.