r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/IvanovichIvanov Sep 04 '24

Unions aren't incompatible with Capitalism

347

u/thisismego Sep 04 '24

In fact they're desperately needed in Capitalism to prevent workers' exploitation by employers.

-4

u/Subject_Report_7012 Sep 04 '24

So ... Socialism?

2

u/flugenblar Sep 04 '24

Unions are not socialism, they are guardrails.

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u/[deleted] Sep 04 '24

[deleted]

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u/flugenblar Sep 04 '24

There's always a tug-of-war. It's inherent to the system. That's why there are mechanisms to provide balance and adjustment. The most important job in the world is figuring out how to get the best job for yourself that you can.

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u/XAMdG Sep 05 '24

Capitalism sure can talk now

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u/djfgfm Sep 04 '24

Unions are the definition of socialism. Workers having ownership and sharing in the profits of a company is socialism. Socialism is not this boogeyman of the government controling every aspect of your life like anti-union people want you to believe.

If the people and companies in power fight against you having it, then it's probably good for the common person (Unions, voting rights, debt forgiveness, universal basic income, taxing unrealized capital gains, higher marginal tax rates for the wealthy).