when someone starts getting very wealthy, they inevitably errode the checks and balances put in place The solution there is to not let ANYBODY get that wealthy. Tax the shit out of the rich until their net worth is in an acceptable range. Let's say that we set a minimum level. If you don't meet that level, government helps you. Helps you with a house, food income, etc. Then allow the richest person to be worth 10x that of the poorest. If your worth goes over that, taxes will rise to 100%. You simply don't earn anything more until your worth lowers.

Its a very rough idea, but its just to, well, get the idea. Communism does NOT work, never has, never will. It requires stripping all freedoms, loads of coercion, lots of horror and terrorizing of the population to make it work. Too many people always dream of working in a vegetable garden under communism. Are they really THAT naive? Are they 5? Dear god, read some history.

I fully agree with you that capitalism, as its currently running unhindered, is a BAD thing. It needs to be limited, curtailed BY A LOT. But in its core its not bad. It gives people the freedom to trade directly, unhindered by government to get things done in the most efficient way. And like it or not, its a success story. Its why the west became as dominant as it is. Leaving people free to do things the way they want to do it is nice AND efficient. Problem is that you need to put limits, like "Don't dump industrial waste, you make it, you recycle it" which now we don't. THAT is the problem

[–] LoreleiSankTheShip@lemmy.ml 3 points 1 year ago

Capitalism didn't get the west wealthy. That was all the colonialism and imperialism taking wealth away from other places through slavery and exploitation. Capitalism just profited off of the fact Europe was already rich and powerful to further that divide.