IT is getting tiresome to hear this nonsense from preachers of socialism and communism, you do not like capitalists move to north Korea, Venezuela, Iran, they do not have any, and you'll live happily.
But they wont, they happy to use products of those evil billionaires, teslas i phones, software, computers, use cell networks, live in houses that are made of material that are produced by factories of those evil billionaires. make money on stocks, have 401k, go to hospitals that have diagnostic equipment made by those evil people, use medicine developed and made by companies that billionaires created, then they go on forums and virtue signal about pretty much everything, smh
Every great innovation in the world doesn't come from capitalism. That's what they want you think. In fact, there's only one thing capitalism does fairly well. That's causing a product to be made as efficiently as possible, and to distribute it to as many people as possible. Capitalism sucks though at picking the best products which actually get produced. If it can't make someone as much money, even if it's a great thing for the masses, it just doesn't get made. Great products are incidental to capitalism, not inherent to it. Sometimes they get made, but it's more the exception than the rule. The best products seem to come from startups where people are passionate about their work.
The real innovation comes from the scientists or engineers racking their brains out in a lab with no fanfare, often being paid a fraction of what they truly deserve. Most real innovators couldn't care less about making a buck beyond what they need to live. That's not how the minds of idealists work. They want to leave the world a better place than they found it. If it were up to them, the stuff they come up with would be made and sold at cost.
Capitalism is great at suppressing what might be better products for the end user if those products can't be made or distributed at a profit. The pharmaceutical industry is a great example. There are alternatives to many of the drugs being sold. Many even work better, without as many of the side effects. However, you can't make money off something you can't patent or control production of. That might be a particular kind of plant anyone can grow, or something coming from an animal. Most people aren't even aware of these alternatives, despite the fact they have been used in traditional medicine for millennia.
The younger crowd in this country is getting disenchanted with capitalism for the simple reason it just doesn't work as advertised any more, if indeed it ever did. It's not a tide that lifts all boats. It's more like a few people live on yachts, then occasional throw out scraps of wood for the masses to grab to keep from sinking. Naked greed has ruined it. The profit margins companies operated on for many decades stopped being good enough once Wall Street started with its mantra of growth at all costs, and greed is good. Before then they at least sacrificed enough potential profits to pay workers halfway decently. We also didn't get greedy with housing, treating it like a commodity instead of a place people live. Now we commoditize everything so the wealthy few can get ever richer, while the rest of us suffer with high prices for the necessities of life.
Capitalism has worked best when it was heavily regulated/taxed to check extreme greed. Sure, the little guy should be able to start a business, work hard, and retire with a few million. Nobody is against that. However, it should be much harder to accumulate tens or hundreds of millions. Billionaires just shouldn't exist at all. Those who already made it big-time don't need favorable laws or tax treatments, yet that's exactly what we have.
Last thing. Just because someone may not be enamored with capitalism doesn't imply they're a big fan of socialism, or especially communism. Communism still has winners and losers, only the winners are high party members who live like royalty, while those under them are in squalor. Kim Jong-un lives in a palace while most of his countrymen are starving,
some to the point they're eating grass.
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