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mashygpig | 7 months ago
I think the claim isn’t totally inaccurate. Claiming that companies prioritize making products last just beyond return windows because that maximizes profits is a critique of capitalism IMO. Since capitalism is about profit (capital) being the dominant signal as far as I understand it.
In my opinion, a lot of frustration about capitalism nowadays can be tied to Goodhart’s law. Profit being the measure and companies getting so efficient at optimizing it, that we’re starting to harm the things that profit is a proxy for.
wongarsu|7 months ago
9rx|7 months ago
Capitalism is about private ownership of the means of production.
There is nothing about the private ownership of the means of production that inherently leads to the situation described earlier. You could end up in the exact same place if the means of production was community owned.
What leads us there is intellectual property laws, which create artificial monopolies. Go on, just try and copy that shitty product that only lasts 35 days, but modify it slightly to last longer to the glee of the customers, and see how long you last before lawyers are breathing down your neck...
goatlover|7 months ago
Or they use their influence to pass tax cuts primarily for the super wealthy that increase the wealth gap and erode existing social safety nets as we see with the "Big Beautiful Bill".
It's never just about the classic definition anymore than communism is, because there are always humans looking to look the cheat the system.
panarky|7 months ago
That's part of the definition but not the whole definition.
Other parts of of the definition include:
Capitalism is about free markets.
Capitalism is about competition.
Capitalism is about converting the commons to private ownership.
Capitalism is about the more wealthy and powerful exploiting those with less wealth and power.
Capitalism is about mystifying how the system works so it's hard for people to imagine that it could work any other way.