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Why are folks so anti-capitalist? (programming.dev)

submitted 1 year ago by o_o@programming.dev to c/asklemmy@lemmy.ml

904 comments fedilink hide all child comments

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!

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[–] DrTautology@lemmy.world 119 points 1 year ago (3 children)

The income gap between executive and median salary employees is around 32,000%. I guess the question is, what planet do you live on where a system that allows for this kind of inequity is okay?

[–] Turkey_Titty_city@kbin.social 38 points 1 year ago (2 children)

There are countries with way better CEO to work pay ratios. But in the USA we act like it's totally normal to have these huge wealth gaps, when in reality they are recent phenonemon and the only other era they were repeated was the gilded age which resulted in a decades long depression that was only ended by a world war.

[–] gigachad@feddit.de 40 points 1 year ago

A CEO earns 354x the income of a normal worker in the US. It's really insane what happens over there. I'm really glad a CEO in Germany only earns 154x the income of a normal worker, much more fair over here!

I'm kidding, we are all fucked. US citizen say a ratio 6.7 would be justified, Germans say 6.3.

[–] PyroNeurosis@lemmy.world 8 points 1 year ago

So you're telling me i need to store a lot of canned beans in a nearby cave system?

[–] relative_iterator@sh.itjust.works 4 points 1 year ago (3 children)

This any many other issues with capitalism could be solved with better legislation and regulations.

[–] samus12345@lemmy.world 10 points 1 year ago

The problem is getting and keeping people in power who actually want to reign in capitalism.

[–] Devi@kbin.social 1 points 1 year ago

But then that's not capitalism. Capitalism is making as much money as possible unrestricted as much as possible. If you start doing things like putting a maximum wage in, or taxing the highest earners and giving back to the lowest, that's socialism.

[–] Cryst@lemmy.ca 1 points 1 year ago

Which is controlled by those with capital.

[–] MomoTimeToDie@sh.itjust.works -2 points 1 year ago

Why should I give a fuck about inequity?