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

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

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

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.

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).

Yep! Once “everyone can code,” owners can finally do what they’ve always wanted to do: underpay programmers. switter.at/web/statuses/101868

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.

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.

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.

@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?

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@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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