Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
Capitalism isn’t the problem. The problem are too big to fail SROs. End central banking and aggressively pursue antitrust to break up mega conglomerates like Citadel, Blackrock, Vanguard, Meta, Google, Microsoft, etc, so we can actually have a sane and open society rather than this corporate/media/government bloc that is currently running the world to ruin.
I get the impression few people understand was capitalism even is. Capitalism isn’t “free markets”, even if it claims to be. It’s the reign of the wealthy at the cost of the poor. Markets and market mechanisms are fine and very useful if guided by proper rules but those have been eroded for centuries now to create a new kind of feudalism, only with rich people instead of nobles at the top. That’s what capitalism is.
Seconded. It’s almost like the term itself has become a buzzword, and with the growing misunderstanding of its meaning, the power of the word becomes more diffuse — weakening any conversation about it through pedantry and illogical arguments. Super sus, for sure.
No capitalism is the issue, any governance that requires gross expansion and lack of regulation to thrive is inherently flawed and doomed to fail. If you pay attention this is very clear with the sine wave of inflation, recession, depression repeating itself in this case twice within some people’s lifetimes.
The FED has a huge influence on the economy due to the nature of FIAT. We are currently at the tail end of a boom cycle they have manufactured with the insane levels of QE they did in the past 15 years which has primed the world economy for an absolute meltdown.
None of this is by mistake. This is all by design. Why? Well look at CBDC. What better way to “encourage” people to mass adopt your new currency that you have absolute control over? That you can revoke at any time? That have expiry dates? That they can even filter what products or services you can purchase with them? By destroying the existing economy and debasing the currency to the point the people practically beg you for your tyranny coin.
But first they will crush the middle class and bring all the assets under the control of their coconspirators like Blackrock. Why purchase all the of the assets at fair market value when you can drive the middle class into poverty and hoover up all that sweet sweet real estate on fire sale via foreclosure?
You will own nothing and be debt slaves. Remember to eat the bugs to save the planet!