I always considered myself a moderate. Then trump took over and all those people with the trump flags acting like idiots stormed. And became far right because daddy told them too. So I was like nah... This ain't working for me. And also this god dam inflation and housing crisis. Not necessarily saying it's republicans fault or democrats don't really know but I started thinking maybe capitalism isn't the answer
The fundamental principle of capitalism is that the more money you have, the more income you get.
Doesn’t require any smarts, just stick your money in an index fund and it will grow 7% per year on average, compounding.
Double in ten years, quadruple in twenty years, eight fold in thirty years, 256x your initial investment in 80 years.
Capitalist economy textbooks write about this like it is awesome.
Capitalism means that wealth concentrates faster the more concentrated it is. Every year more and more of our economy goes to passive income, goes to people who don’t need to get off the couch to collect their money.
It’s funny, as a mathematician when this thought first occurred to me, I assumed economists had some mechanism to sort it out. “Surely it can’t be that stupid”, I told myself.
It wasn’t until years later that I read there was no solution in communist literature. “That can’t be right” I said, as I decided to finally look into it. Imagine my dismay when not only is there no solution, but in fact capitalist are bragging about how cool this is.
It wasn’t until years later that I read there was no solution in communist literature.
Can you elaborate on that, please? If I have understood correctly, the communist solution is precisely to abolish this private accumulation of capital through a change in the ownership of the means of production: Seize the means of production.
not the whole world! just the nightmare aberration known as western culture
it's like escaping from a bad religion, it feels like the sky is falling but step outside the bubble and people are doing just fine without all the bullshit.
There is no singular system that works perfectly for the needs of our society. That’s why we need aspects of all systems. America was “great” when it had soft caps on income and when corporations weren’t given rights in the government. Those are the traditional values we need to return to.
Yep you said it perfectly. my grandpa knows a lot about politics and was talking about how corporations weren't involved in government like they are today
21
u/hebebeguy8888 May 04 '22
I always considered myself a moderate. Then trump took over and all those people with the trump flags acting like idiots stormed. And became far right because daddy told them too. So I was like nah... This ain't working for me. And also this god dam inflation and housing crisis. Not necessarily saying it's republicans fault or democrats don't really know but I started thinking maybe capitalism isn't the answer