Asklemmy

43947 readers

874 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
!lemmy411@lemmy.ca: a community for finding communities

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago

MODERATORS

447

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!

you are viewing a single comment's thread
view the rest of the comments

[–] Sotuanduso@lemm.ee 1 points 1 year ago

I'm no economist, but is that 70% of wealth money or net worth? If you own a company but live at an average standard, that company is still part of your net worth, even though it's not being wasted on luxury.

Jeff Bezos, for example, has a net worth of $158 billion. He owns about 10% of Amazon, which comes out to $133 billion. That means 84% of his wealth is just Amazon itself. The remaining $25 billion is still huge, of course. I'm not denying that. But if every other billionaire is in a similar layout (which I suspect they are,) then having them live at an average standard is not going to cut our work down to 30%.