Hi all,

I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.

Cheers!

  • markr@lemmy.worldEnglish
    3·
    1 year ago

    A proprietor of a restaurant is not a capitalist, he’s a shopkeeper. An owner of a restaurant chain that is expanding constantly, a Macdonalds, a Starbucks, a corporation that has to demonstrate perpetual growth to satisfy its investors, that is a capitalist.

    • Nougat@kbin.social
      2·
      1 year ago

      I get what you’re saying, but I also think there’s a spectrum. It’s easier, and more likely, for your shopkeeper to be fairer in their compensation of employees, even to the point of being “ideally fair.” But it’s also possible for that shopkeeper to be grossly unfair and exploitative, entirely within the law.

      • markr@lemmy.worldEnglish
        2·
        1 year ago

        Sure. And to the extent that the sole proprietor has to compete with corporate chains their business almost has to be as shitty to their employees.