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Critics of capitalism, what concrete economic policies do you support? (feddit.de)

submitted 1 year ago by Mahlzeit@feddit.de to c/asklemmy@lemmy.ml

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Capitalism is criticized a lot on here (especially by American users, it seems to me). Most of that seems well-founded, but I also have the feeling that most of these complaints are simply venting and not the first step to improvement.

So I would like to know what specific changes you (especially Americans) want to see from lawmakers.

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[–] kzhe@lemm.ee 8 points 1 year ago (1 children)

In the way you explain norway, it seems this will not be possible without lots of natural resources that are worth a significant amount.

[–] averyminya@beehaw.org 6 points 1 year ago

Not quite. Everywhere has a resource of something - it may not be a natural resource like minerals or valuable liquids, it everywhere has something.

The difference is how these have been used to invest. Norway invests in itself by keeping those resources internal. As the user said, the people and its government could choose not to pay taxes, but they still do. That has a huge gain on the longevity of resources because now the investment from them is actually being compounded upon from its people and its resources.

Other countries simply do not put investments in themselves. As the user said, they sell off these assets or let the claim go to a corporation which then maximizes its profit potential instead of sustaining it. (in some cases, the country had little to no choice so it's not entirely a fault of that government but a poor handling of circumstances). We sell our resources, our people pay taxes, there is no compounding happening. The resources are now gone, the money has dried up, and the people are being pumped for the rest.