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!
Losses are socialized only for very big companies though. If you are a minor capitalist with a small restaurant chain or something in that size no one will watch out for you.
That is certainly true. Smaller capitalists definitely do not enjoy the protection of socialized losses in the same way that large capitalists do. This fact is exemplary of the inherent unfairness of capitalism: the people who need the socialization of losses more don’t get it, while the ones who need it least, or not at all, receive it.
It’s a scramble to the top of the wealth pile, and the ones who are higher get there and stay there by kicking the faces of the ones who are lower.