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paxiongmap | 2 months ago

In a capitalist system, capital makes the rules for everyone. This is why capital earns more than labour. System working as intended.

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avianlyric|2 months ago

A capitalist system is built on the idea that holders of capital actually deploy that capital, rather than horde it.

If capital holders don’t actually deploy that capital and compete with each other, then you don’t have a capitalist system anymore. You have a feudal system, where asset holders extract resources through rents, rather than capital deployment and risk taking.

ryanjshaw|2 months ago

Can you point me to the data showing how much capital is horded?

OGWhales|2 months ago

Would this not still be the case even if labor wasn't entirely outpaced by capital?

wodenokoto|2 months ago

Sorta depends on where one draws the line, but the line you are drawing, suggest there should be no government, so "system not working as intended"

TheOtherHobbes|2 months ago

There's always a government. There isn't always an electable, accountable, removable government. Run - no matter how partially - for the common good.

bnlxbnlx|2 months ago

I don't think they were thinking of "no government", rather something like "government working in support of capital" (see 2008 financial crisis bank bail-outs; enforcing private ownership and protecting accumulated wealth).

beepbooptheory|2 months ago

How little imagination we have anymore! Its like you discover ice cream but for some reason only chocolate ice cream. Someone is like "chocolate is no good" and all you know to think is: "Oh so you guys just dont want ice cream at all?!"

int_19h|2 months ago

Governments are fine. Any group of people large enough to not be a hivemind on everything has a government. Even if they don't formalize it, it will still emerge organically as they run into issues that require consensus on actions.

The crucial difference is between the governments actually run by the people, and the governments that claim to "represent" them.

exe34|2 months ago

It's a government of capitalists by capitalists for capitalists.