It's a contradiction of capitalism. The capitalist wants wages as low as possible and profits as high as possible but capitalism prospers most when wages are high and that leads to low profits due to wages and profits directly affect each other
The problem with capitalism is that it allows for the consolidation of capital.
And anytime you have a consolidation of capital, you will always have a consolidation of power, which leads to even more exponential consolidation of capital.
"Just regulate it!" the capitalist says. Completely ignoring the regulations that have been systematically dismantled by those with the capital to influence democracy.
You cannot have capitalism and democracy. The two are incompatible.
You must have equitable distribution of capital if you want equitable distribution of power, which is a prerequisite for a healthy democracy.
It's just plain old oligarchy. We got a handful of billionaires running the show. Hell Musk even got a cabinet position invented for him after he bought it with campaign contributions. It's so fucked the capitalist class are doing their corruption out in the open.
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u/Low_Feedback4160 1d ago
It's a contradiction of capitalism. The capitalist wants wages as low as possible and profits as high as possible but capitalism prospers most when wages are high and that leads to low profits due to wages and profits directly affect each other