this post was submitted on 20 Jul 2023
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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!

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[–] ininewcrow@lemmy.ca 21 points 1 year ago (2 children)

In order to call yourself a capitalist, you have to own capital.

It doesn't qualify if you have a mortgage to your capital or debt to your capital. You have to own the thing or property outright and completely in order to say you have capital.

The majority of us are not capitalists because we don't own capital.

We may advocate for it but it's like arguing for your banker to stay perpetually wealthy and even more wealthier through your debt.

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[–] jsnc@lemmy.blahaj.zone 20 points 1 year ago (2 children)

McCarthy era red scare and the elimination of socialist parties by Woodrow Wilson before him (among a lot of other things) contributed to US citizens having very little understanding of systems beyond capitalism. The imperial core mentality is real and we are not immune.

Read Capitalist Realism by Mark Fisher on this phenomenon. wikipedia page

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[–] ATiredPhilosopher@lemmygrad.ml 20 points 1 year ago

What do you actually like about it? Unless you are rich, it works against you in every way and is actively chipping away at your quality of life. The free market isn't free and meritocracy doesn't exist so it's hardly the fair competition capitalists make it out to be.

[–] raresbears@iusearchlinux.fyi 20 points 1 year ago* (last edited 1 year ago) (1 children)

The reason as to why here relative to elsewhere is probably because people here tend to be more into free software and privacy and things like that, and caring about those things tends to have an anti-corporate aspect, because of the way corporations tend to act, and aligns pretty well with wider anticapitalist beliefs

Also the devs and pre-Reddit influx population are anticapitalist so that kind of helps influence the trajectory a bit

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[–] salient_one@lemmy.villa-straylight.social 20 points 1 year ago* (last edited 1 year ago)

I don't own capital, so that would be contradictory for me to support capitalism. It's likely I will never be rich, like the rest of the 99%, so there's no reason to support the system in hopes of being among the ones at the top.

Also capitalism is inherently immoral, coercive, unsustainable and all around nasty.

[–] krzschlss@lemmy.world 19 points 1 year ago* (last edited 1 year ago)

I just don't like greed. No, scratch that. I just don't like greedy people! I don't mind capitalism, as long as it doesn't produce greedy people. I know.. it's tough to even imagine such a thing...

[–] IuseArchbtw@feddit.de 19 points 1 year ago (7 children)

I'm just gonna tell you what happens when pure capitalism would exist in a country.

There would be no taxes. That sounds alright, but listen: Everything is on a market. Healthcare, education, everything. There is competition for everything. That means companies will have to do stuff to win you as a customer. One big company in every industry sector will win and buy all the other companies that have gone bankrupt. Then, we have monopolies and the big companies can raise their prices however they want and control us in every way they want.

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[–] DrQuint@lemmy.world 19 points 1 year ago

I'll be willing to talk to you eye to eye when no one in the world has a personal networth above 275 million dollars.

[–] WolfhoundRO@lemmy.world 18 points 1 year ago

Not capitalism, but hating on corporations and on unregulated capitalism. Imagine having one commercial entity more powerful than many of the states in the world, then having them abuse that kind of power given by money to supress the rights of people in the weaker states. The government should act as a staunch and uncorruptible protector of the people against these kind of big economic legal or illegal entities

[–] CanadaPlus@lemmy.sdf.org 17 points 1 year ago* (last edited 1 year ago) (1 children)

One thing is that capitalism is poorly defined. Is it markets? Is it companies over some certain arbitrary size? Is it private ownership of the means of production, like Marx said, and if so how do you define "means of production"?

I think when people say they're anti-capitalist, what they usually mean is they're unhappy with the system and find private actors to be the most destructive actors, at least currently in their home location.

PS, lemmy.ml stands for lemmy.marxist-leninist. The instance has seemed mostly general audience since I joined after the Reddit blackout, but it is run by communists.

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[–] LiesSlander@beehaw.org 17 points 1 year ago* (last edited 1 year ago)

Capitalism is inherently contradictory to my basic values, terrible at efficient economic allocation, actively destroying everything, and is built on a foundation of war and genocide.

I believe that everyone should have as much autonomy as possible. Capitalism's basic premise is that economic allocation is determined by those who own capital, allocation of the resources communities and individuals use is an autonomy problem. Since Capitalism concentrates power among a very few, it is actively limiting the autonomy of literally billions of people for the benefit of less than a thousand.

The allocation of resources itself, the basic purpose of any economic system, is incredibly inefficient undee Capitalism. Take food, vast amounts are produced, enough to feed everyone, yet people starved to death while I was writing this. Not only that, food itself is peoduced in such a way as to maximize profit. This comes at the expense of local food systems, which have been in large part dismantled by environmental damage. It comes at the expense of vast CO2 emissions to run the machines that mine phosphorous, manufacture fertilizer and pesticides, run the various pieces of farm equipment, process food, and the planes, ships, trucks that ship it to stores. It comes at the expense of soil health, which monocropping, tilling, fallow, and agrochemicals all harm. This is just food, look at any other sphere of human activity and you will find a similar story. Meaningful measures of efficiency and system health are ignored to pump out as much profit as possible, and this gets called "efficient".

Capitalism is the great machine that is destroying everything. Under it's logic of endless expansion we have seen entire ecosystems bulldozed and turned into suburbs, watched millions of people be enslaved even in the present day, witnessed war and genocide on a scale never before fathomed. Both world wars happenned under Capitalism, and war has continued unabated ever since. The so-called United States is the dominant Capitalist power on Earth, and holds millions of people in legal slavery, if you don't believe me read the 13th amendment to its constitution. Many other people are describing the results of ecosystem destruction, the Climate Catastrophe, as their primary reason for anti-capitalist beliefs.

Capitalism as a system grew under feudalism before supplanting it, and directly springboarded off of Colonialism to become the dominant economic system of this world. The horrors of colonization follow(ed) a similar logic of expansion to capital, exploiting millions of people through slavery and genocide, spreading plagues that have killed countless individuals and entire cultures, introducing poverty to places where the concept had not preciously made sense. Capitalism cannot be separated from its historical roots, if you want to learn more about this I recommend the, "A ______ People's History of the United States" series of books. I'd prioritize the Indigenous and Black histories.

This is an indictment of Capitalism, but presents no alternatives. I will do that here.

Indigenous cultures had/have land-based economies that center care. This is not an alternative, it is thousands of them, each adapted to a local ecosystem. In order to survive we need to localize resource production, and land-based economies are the way to do that. I would recommend learning about how Indigenous people groups in your area thrived before Colonialism forcibly severed many of their connections to place, how they survive today, and how they are working to heal their relationships to the land. A related concept is that of the gift economy, a common practice for many groups world-wide, the particulars of which are as diverse as our species. Look into it, gift economies work, and operate on principles that are essentially as "anti-capitalism" as one can get.

Commons-based peer production is another, complimentary option for future economic systems. It is directly born out of the open source software movement, and imagines structuring all production around simular principles. People produce for themselves and their peers, keeping resources in common to ensure equitable allocation. If you do not believe commons can work, I would recommend looking into Ostrom's eight principles for managing commons, just highlight that phrase and paste it into a search engine. A related concept is that of "cosmo-local production". The idea is that physical production is localized to reduce impact on the planet (local), while information on process is shared freely with everyone (cosmo). This ties into the idea of "donut economics" which is basically the idea that we should meet human needs while staying within planetary boundaries, the inside and outside of the metaphorical donut respectively. Look up any of these terms and you will find loads of thought-provoking writing, imagining a better world. Plus many of the people doing the theorizing are programmers like you, I'm sure you'll find ideas that resonate with you if you look for them here.

It took courage to make this post, thanks for starting some interesting discussions. I might believe you are wrong about Capitalism, but I respect your honesty and willingness to engage with other ideas here. I would strongly encourage reading further to understand these concepts on a deeper level than a Lemmy comment can give you, especially the economic alternatives, I basically just skimmed over a whole field of emerging theory.

Edit: accidentally posted before I was done, added 3 paragraphs.

[–] SanndyTheManndy@lemmy.perthchat.org 17 points 1 year ago (1 children)

Capitalism has been working so far because the economy has been growing, so even if you are poor right now and someone is filthy rich, you are still guaranteed to be better off in the not-so-distant future. However, the world's growth is slowly stagnating, and already has stagnated or even reversed in many developed nations. That spells doom for anyone who was not able to climb out of the economic pit. Living in a stagnant world ruled over by a handful of oligarchs for the rest of eternity, or until the next economic boom (unlikely) is not a pretty prospect.

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[–] Veraticus@lib.lgbt 17 points 1 year ago* (last edited 1 year ago) (3 children)

A valid question.

"Capitalism" is a huge umbrella term so means many different things to many different people. And as an extension of this, a lot of the things that are underneath that umbrella are inarguably ... extremely bad. Environmental devastation, the oppression and wage slavery of the third world, the existence of multi-million-dollar worthless baubles when people still die from lack of affordable health care... Even if you're very pro-capitalist it would be tough to argue that all aspects of capitalism are great for humans and humanity. Capitalism optimizes for economic performance, not human happiness.

Also a lot of people's only experience with oppression is through capitalism. Here, I am talking about the alienation of workers from their labor (or, put more plainly, "shitty jobs"). It's pretty bad for the soul to work as a wage slave in Amazon Fulfillment Warehouse #143249 earning $14/hour while bosses so removed from you they may as well be on another planet earn roughly $14,000,000/minute for doing nothing more than sitting in an office for 2 hours a day and sexually harassing their hot secretaries. Obviously there's more to it than this for those of us who are more pro-capitalism, but I think it's easy to see how some people get very angry about these conditions very rapidly.

Personally, despite these problems, I am more pro-capitalist than not, but it is because I experience (and have experienced) a fair amount of non-capitalism-related-oppression. As I have said numerous times capitalism is not perfect and is far from perfection. Nevertheless, it is the only economic system under which minorities such as LGBTQ+ people have been able to advance their agendas and see a modicum of gains in the field of civil rights. People hate on rainbow capitalism but I personally love it (and, by extension, fear Target and other companies caving to Republican pressure campaigns). The alternative to rainbow capitalism is companies and people hating LGBTQ+ people... and that is a far, far worse outcome for me than Northrop Grumman having a float in a Pride parade.

This is also a pretty typical leftist divide though. Those of us more on the "identity politics" side tend to see communists as white bros with bad beards whose only experience of adversity is that they're jealous of how much money their bosses make. On the other hand, communists see identity politics proponents as wanting more gay disabled Black trans drone pilots. Both these critiques are obviously basically true because everyone is problematic.

But I think that's basically where the capitalism hate on the Internet comes from.

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[–] LemmyAtIt@lemmy.ml 17 points 1 year ago (5 children)

At least, in the United States, I think what most people actually hate is “Reaganomics”. That’s a form of capitalism that greatly benefits the wealthy at the expense of everyone else.

Before Reaganomics, the US had a thriving middle class. That was under FDR’s version of capitalism.

[–] novibe@lemmy.ml 23 points 1 year ago (2 children)

All forms of capitalism benefit the capital owning class. They created this system exactly to do that.

From the state, to nationalism, to the police, to banking and finance, wage labour etc etc. It’s all capitalism and it’s all to benefit the capital owning class.

How the hell would it be any other way?

Everything we have that make this shit more liveable was won with blood by leftists, syndicalists, communists, anarchists etc. The 8 hour workday, weekends, benefits, minimum wages, public health…

There is no capitalism that is good for “everyone else” ever. Why would the system controlled by capital owners benefit anyone but them??

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[–] michael@lemmy.perthchat.org 16 points 1 year ago (9 children)

I asked my co-admin once if he thought Capitalism was evil, he's usually extremely careful with his words. He responded with "it might be".

It seems to have a lot of real problems, wealth inequality, human exploitation, environmental destruction. I think countries that have a mixed system, where it's part capitalist and part socialist tend to do better in most metrics. I wouldn't want to live in a country without socialised medicine, socialised education and pretty strict environmental restrictions.

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[–] eggshappedegg@sopuli.xyz 15 points 1 year ago (2 children)

Personally I am against filthy rich. I don't mind people having money and owning property. It's when they habe way more than they could ever spend, that I am against it. There I no reason to have that much value/money

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