this post was submitted on 20 Jul 2023
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Asklemmy
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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 โ weakening any conversation about it through pedantry and illogical arguments. Super sus, for sure.