I feel like calling it capitalism gives it too much credit. The arguments in favor of capitalism is that competition increases efficiency and production and lowers prices. That’s not happening with the real estate market, it’s full of monopolies, collusion and trust and to actually allow for capitalism you need government intervention to break that up and fight the consolidation of wealth and power. What we have is a mercantile plutocracy. Capitalism has its own problems too, but this isn’t even that, and even with those problems it’s a step up from the corrupt bullshit we’re dealing with here. I think calling it capitalism gives them more footing in arguments than it deserves. We should call it what it is, a corrupt plutocracy of elites.
The arguments in favor of capitalism is that competition increases efficiency and production and lowers prices.
Yeah, but those arguments are false. Competition is owning an empty house while people freeze to death on the street, because it’s “competitive”. Cooperation is how you design a productive society. Competition is how you kill an economy.
I feel like calling it capitalism gives it too much credit. The arguments in favor of capitalism is that competition increases efficiency and production and lowers prices. That’s not happening with the real estate market, it’s full of monopolies, collusion and trust and to actually allow for capitalism you need government intervention to break that up and fight the consolidation of wealth and power. What we have is a mercantile plutocracy. Capitalism has its own problems too, but this isn’t even that, and even with those problems it’s a step up from the corrupt bullshit we’re dealing with here. I think calling it capitalism gives them more footing in arguments than it deserves. We should call it what it is, a corrupt plutocracy of elites.
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Yeah, but those arguments are false. Competition is owning an empty house while people freeze to death on the street, because it’s “competitive”. Cooperation is how you design a productive society. Competition is how you kill an economy.