this post was submitted on 18 Aug 2023
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politics

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[–] flossdaily@lemmy.world -2 points 1 year ago (37 children)

I'm so sick of this nonsense.

Capitalism is the greatest generator of wealth ever created. The problem isn't the system generating the wealth. The problem is how we DISTRIBUTE the wealth that has been generated.

Any solution that doesn't recognize that is just ignoring the very clear history of economic systems.

Capitalism sucks, but it's better than every other economic system ever attempted.

Let's fix it with Democratic socialism, not burn it down and become the next USSR.

[–] within_epsilon@lemmy.world 8 points 1 year ago (5 children)

The best capitalist society still imposes a class division between owners and workers. Owners want to maximize profit by paying as little as possible for labor. Workers want to get paid as much as possible for doing the least work.

I am looking for a system where workers gets to keep the value of their labor. Owners lack a place in such a system.

[–] Zoboomafoo@yiffit.net -1 points 1 year ago (1 children)

I am looking for a system where workers gets to keep the value of their labor. Owners lack a place in such a system.

Why? You can have both owners and profit sharing

[–] within_epsilon@lemmy.world 4 points 1 year ago

Owners, workers and profit sharing exist under capitalism. Profit sharing is not the same as being an owner due to decision making power and ownership of capital i.e. private property. Workers can benefit from profit sharing, but are excluded from the owners black box for determining profits. The worker keeps their job by producing more value than their labor cost.

I am looking for a system where workers get to make decisions regarding their labor and own the tools by which their labor produces value.

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