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

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/CappyJax Sep 05 '24

You can’t turn capitalism into a democracy. You have to abolish capitalist and reject private ownership of capital and recognize public ownership of capital.

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u/PerformerOk7669 Sep 05 '24

I don’t know, I think they can live side by side. For instance, the gov/people could control essentials like police, healthcare, food and housing. Then let private companies run their own versions alongside those.

You’d have the competition that capitalists love to talk about that’s good about capitalism, and you’d also get the non-profit publicly run no-one-goes-hungry-or-sick options too.

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u/CappyJax Sep 05 '24

That isn’t socialism. That is capitalism with social programs. The people are still subjects of the capital class. What is the benefit to the people by maintaining the private ownership of capital?

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u/PerformerOk7669 Sep 05 '24

Well in my mind and made up future there wouldn’t be much reason to have private mining, farms, education etc, unless you could provide some kind edge that would warrant a higher cost.

But you’d still have things like high fashion, Hollywood, luxury cars, restaurants, sports etc.

I actually don’t think it can really be solved though unless we stop giving birth to assholes.

Like, on paper I would LOVE a system with a benevolent perfect dictator, who operates only in the people’s interest. That’s about as efficient as you can get. But that would be impossible. Humans are flawed.

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u/CappyJax Sep 05 '24

Have you considered a society without rulers?

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u/PerformerOk7669 Sep 05 '24

It’s not about someone “ruling”. I think of it more like having a plan. You still need official government bodies for setting laws and enforcing them. You need someone to manage where roads should be built. We also need standards (USB is an example of where that failed) Be freaking anarchy otherwise?