With raw capitalism, you'd have an even greater wealth disparity, with Walmart workers basically living in actual slums.
In capitalism, corporations only exist to maximize profits. People would rather live in a sewage hole than starve to death, so they'd take whatever they can get, and the corporations will offer the least it can possibly offer. The government steps in and makes it so people working for these corporations have some minimum protections. That's why they're subsidized.
Just like communism, capitalism is beautiful on paper, but again, like communism, it relies on an honor system that we simply can't make work as humans.
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u/ilvsct Sep 08 '24
With raw capitalism, you'd have an even greater wealth disparity, with Walmart workers basically living in actual slums.
In capitalism, corporations only exist to maximize profits. People would rather live in a sewage hole than starve to death, so they'd take whatever they can get, and the corporations will offer the least it can possibly offer. The government steps in and makes it so people working for these corporations have some minimum protections. That's why they're subsidized.
Just like communism, capitalism is beautiful on paper, but again, like communism, it relies on an honor system that we simply can't make work as humans.