No, actually its not doing what it’s supposed to he doing, and yes, it can be fixed with laws and taxes, loads of taxes.
For all the moaning about capitalism is evil, capitalism is the most efficient system to generate wealth. Used properly it can give wealth to everyone through taxes and fun a social network that can take care of free healthcare, free education, even universal income.
But it’s easier to just say that communism is awesome because you read about it and China is amazing and can do no wrong ever
I suppose that’s fair enough but by that metric there hasn’t been any communist country ever.
In any case, capitalism is fine (more likely the best option) as long as there are good laws in place to limit assholes. Same goes for all economic systems, without the right laws to limit cheaters, everything will be abused.
Put capitalism in place with Hard limits. No personal networth over 10 million, after that everything goes to taxes. No inheritance of buildings. No company larger than 1 billion networth, or more than 1000 employees.
Like that (and various other rules) you’ll get a free system where everyone can freely trade, you get the best parts of capitalism and a huge tax income you can then use for a giant socialist system where you can do free healthcare, free education, universal income, etc…
I did mention communism because left subs on Lemmy usually are very “capitalism is evil and can’t be fixed but communism is awesome and has zero faults!!”
I’m in favor of a system where nobody gets to be extremely richer or poorer than everyone else.
I’m in favor of a system where the richest person can’t get beyond -just a random out of my butt number that sounds reasonable - 10 million in networth. Any income beyond that gets taxes 100%. Below that, the poorest pay no tax, they get pay. Then the higher you go, the higher income taxes get until you hit the hard limit
With a system like that you get an enormous tax income which you can then use for a socialist system that gives free healthcare (including mental, dental, everything), free education, free housing, even universal income
The poorest don’t pay taxes, they receive money. If you can work, you work what you can and if you can’t work, then you don’t.
I want a system where companies cannot grow beyond certain limits either. Same deal, taxes get higher and higher until after a net worth of say, 1 billion, taxes to go 100%. No company can have more than 1000 employees so that if one breaks, it woi kill your economy.
I don’t think my idea is that far off from your ideas
I just want capitalism at the base of it because at its core, capitalism is just free trade however anyone wants it. it’s freedom but it’s also by far the best and most efficient system to generate wealth. So limited correctly, I think capitalism in that way could be awesome and contrary to, say, communism, this idea is actually that you can implement without wrecking havoc with the world
As I see things capitalism is the right to own the means of production, the right to exploit others work, and by that I mean your profit comes from other people work, not yours, and that is the main problem in my understanding
No, actually its not doing what it’s supposed to he doing, and yes, it can be fixed with laws and taxes, loads of taxes.
For all the moaning about capitalism is evil, capitalism is the most efficient system to generate wealth. Used properly it can give wealth to everyone through taxes and fun a social network that can take care of free healthcare, free education, even universal income.
But it’s easier to just say that communism is awesome because you read about it and China is amazing and can do no wrong ever
calling china communist is like calling the nazis socialist, both are/were fascist regimes that were/are communist/socialist in name only
I suppose that’s fair enough but by that metric there hasn’t been any communist country ever.
In any case, capitalism is fine (more likely the best option) as long as there are good laws in place to limit assholes. Same goes for all economic systems, without the right laws to limit cheaters, everything will be abused.
Put capitalism in place with Hard limits. No personal networth over 10 million, after that everything goes to taxes. No inheritance of buildings. No company larger than 1 billion networth, or more than 1000 employees.
Like that (and various other rules) you’ll get a free system where everyone can freely trade, you get the best parts of capitalism and a huge tax income you can then use for a giant socialist system where you can do free healthcare, free education, universal income, etc…
deleted by creator
Did I say that?
I read my comment and I didn’t say that at all.
I did mention communism because left subs on Lemmy usually are very “capitalism is evil and can’t be fixed but communism is awesome and has zero faults!!”
deleted by creator
So you’re in favor of owning the means of production? And profit from others work?
I’m in favor of a system where nobody gets to be extremely richer or poorer than everyone else.
I’m in favor of a system where the richest person can’t get beyond -just a random out of my butt number that sounds reasonable - 10 million in networth. Any income beyond that gets taxes 100%. Below that, the poorest pay no tax, they get pay. Then the higher you go, the higher income taxes get until you hit the hard limit
With a system like that you get an enormous tax income which you can then use for a socialist system that gives free healthcare (including mental, dental, everything), free education, free housing, even universal income
The poorest don’t pay taxes, they receive money. If you can work, you work what you can and if you can’t work, then you don’t.
I want a system where companies cannot grow beyond certain limits either. Same deal, taxes get higher and higher until after a net worth of say, 1 billion, taxes to go 100%. No company can have more than 1000 employees so that if one breaks, it woi kill your economy.
I don’t think my idea is that far off from your ideas
I just want capitalism at the base of it because at its core, capitalism is just free trade however anyone wants it. it’s freedom but it’s also by far the best and most efficient system to generate wealth. So limited correctly, I think capitalism in that way could be awesome and contrary to, say, communism, this idea is actually that you can implement without wrecking havoc with the world
As I see things capitalism is the right to own the means of production, the right to exploit others work, and by that I mean your profit comes from other people work, not yours, and that is the main problem in my understanding