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!

  • Zyansheep@lemmy.ml
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    1 year ago

    So you are defining an ambiguous term in order to better criticise it? That makes sense, but it might not convince people who have different definitions 🤔

    Like I for example would consider a Co-Op where the employees own the company / have voting power over how its run to be a part of a capitalist system, hell, I’d even consider someone who makes a living as an artist where they own all their tools to be a part of a capitalist system… although I suppose that could also be considered socialist to some degree because the artist “owns” the means of production?

    These definitions are kind of difficult to use…

    • J Lou@mastodon.social
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      1 year ago

      Not defining the term. I am using the term how it is used. I hate to appeal to wikipedia, but they include wage labor in capitalism’s central characteristics.
      Happy to call economic democracy a variant of capitalism depending on the audience. It is odd tho with labor having a special role.
      The difference from capitalism is the right to worker coop is inalienable in economic democracy, so working in a firm automatically grants control rights.
      I am not a socialist, so cannot comment there