Talk to your kids about capitalism, before someone else does

Signs that your teen might be involved with capitalism:
- Wears suits and/or khakis
- Blames poor people for being poor
- Pays their employees less than they are worth
- Receives bonuses after laying off workers
- Says that charity is the solution to income inequality

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A couple people got mad at this lol I’m not even being inflammatory people this is literally how it works

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I don’t really care if you think capitalism is great or not. But at least know how it works

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You’ve got a couple options when it comes to turning a profit:
- Underpay workers
- Overvalue the product
- Both

Modern capitalism does both (alongside a subset of the middle class that gets dramatically overpaid, such as programmers, and gratuitous expenditures such as salary bonuses). Whichever way you slice it, though, you get inflation and increasing inequality.

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If you consider yourself a capitalist, but think rising inequality is a bug rather than a feature, you don’t actually understand capitalism (or are pretending not to, for PR).

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Yep! Once “everyone can code,” owners can finally do what they’ve always wanted to do: underpay programmers.

In my view, a healthy economy should look more like ecology: a complex, circular web of mutually-beneficial relationships and transferral of resources. Rather than the pyramid of exploitation we have now.

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Capitalism, by the numbers, creates an economy of parasites. (Sorry Ayn Rand, you got it backwards, as usual.) There’s a reason you don’t see (literal, actual) ecosystems that are 99% parasites: they aren’t sustainable.

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My preference for an, uh, ecosystemic economy is also why I don’t consider myself a socialist. Like I’ve said before, I think “the answer” is something we haven’t yet seen.

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(My apologies for disappointing all the haters that think bashing socialism in my mentions will somehow hurt my feelings. I don’t care about your impotent rage)

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(Your rage is impotent because you don’t possess any capital. If you did, you probably wouldn’t spend your time bitching at me of all people on social media)

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@amydentata I do consider myself a socialist, and I kinda agree with that sentiment. I don't think the future we build, if we get a chance to build it, will look like anything that has come before it.

@amydentata this is probably my favorite irony of capitalism, like pretty much all of its supporters are people it definitely doesn't care about at all

"Ecosocialist" doesn't really capture it, eh. I've had the same issue.

@SallyStrange Agreed. We haven’t had our cultural flashpoint yet.

I wonder what it will look like.
I think it will have to start at large scale, instead of a small scale system shoddily scaled up.

@diffractie I dunno, I think a truly “ecosystemic” economy could quite readily start small and scale up. We just haven’t figured it out yet, and/or capitalism keeps squashing it. Maybe we just need to weaken capitalism first

I just worry that as you scale up, problems appear.
Like how some game systems are okay at first and then late game you end up with things being broken. :P
Weaken capitalism first tho ofc.
My feeling is: universal income kicks the stranglehold capitalism has on people's lives.
But also I am incredibly nieve

@diffractie I’m slowly beginning to see UBI as a population wide poverty trap. I used to be all for it but I am increasingly skeptical.

@diffractie I think what we might have to do is, starting small, create alternate systems that make capitalism irrelevant. So people can like, wean themselves off of a capitalist-produced lifestyle.

@dredmorbius hmm, seems a bit different than what I’m talking about, though it does use a similar metaphor

@dredmorbius I didn’t know about this though so thanks for the link!

@amydentata It's an older, pre-Smithian school. I tend to follow ecological / biophysical / thermoeconomics (Georgescu-Roegen, Daly, Charles A.H. Hall), and Steve Keen, related, though somewhat his own thing.

Been reading some Marx finally, and there's at least some there there.

Social justice / equality is another element. Smith is far stronger on this than most people think, also J.S. Mill, Henry George, Amyarta Sen, Emma Rothschild (yes, one of them), and many other.

What's your view?

@amydentata Physiocrats are strong influences on mmany ecological economists. Hall (above) specifically pointed me at them.

See also Howard and Eugene Odum (brothers).

@dredmorbius I'm not well-read thanks to poverty and disability (have had to focus on other things) so I can't give you a synopsis in academic terms, unfortunately

@amydentata LibGen is your friend, as is the Internet Archive.

But in your own words is fine.

Most ideas have been around before, something I keep realising when I have some whackadoodle notion, then find well-established precedent. Sometimes decades after I'd first thought of them.

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