this post was submitted on 04 Aug 2025
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[–] scarabic@lemmy.world 23 points 2 days ago (6 children)

It’s the best system when combined with strong regulation and good social safety nets. I wish everybody would focus on those things falling down and needing to be fixed instead of pretending we’re going to throw the whole system out tomorrow.

[–] Evkob@lemmy.ca 22 points 2 days ago (3 children)

It’s the best system when combined with strong regulation and good social safety nets.

Sure, it's just too bad it's also a system in which the most powerful are incentivized to cut regulations and destroy social safety nets.

This utopic version of capitalism sounds really nice, but it's fully incompatible with the actual reality of capitalism.

[–] Alaknar@sopuli.xyz 12 points 2 days ago (3 children)

This utopic version of capitalism sounds really nice, but it’s fully incompatible with the actual reality of capitalism.

All it takes for capitalism to work flawlessly is... checks notes... a fundamental change in human nature, where we no longer feel greed.

EZPZ. Best system ever designed!

(don't tell anyone that this would equally make communism work)

[–] FlyingCircus@lemmy.world 6 points 1 day ago (1 children)

If a socio-economic system incentives greed to the point where a person who is not greedy is literally unable to succeed, can you really say that greed is human nature?

[–] Alaknar@sopuli.xyz 2 points 1 day ago

Of course it is! Just like violence, murder, rape, etc., etc. We're just better at handling some nasty parts of our nature than others. Especially because for the longest time incentivizing greed was leading to the betterment of the individual (and, accidentally, sometimes also the commune).

We punish murderers, but we don't punish CEOs running a company to the ground for a short-term increase in share prices. Or, hell, look at US healthcare insurance companies - these people DO MURDER, but because it's called different on paper, and brings profits, nobody is getting punished.

[–] scarabic@lemmy.world 2 points 1 day ago

It’s self interest that fuels capitalism. The reason it has succeeded is that it takes advantage of this primal instinct. But obviously selfishness, while very motivating for an individual, does not magically add up to collective good. So you have to also have a plan for that, ideally funded by all the self interested wealth-getting. But if all you have is that collective good, and no offering for the instinct to serve self-interest, then all you have is a bunch of people standing around looking at each other, wondering who’s going to make it happen.

[–] MiddleAgesModem@lemmy.world 1 points 1 day ago (1 children)

a fundamental change in human nature, where we no longer feel greed.

What's your alternative system?

[–] Alaknar@sopuli.xyz 1 points 1 day ago

I'm in no way educated enough to give a definitive answer, but I feel like a "socialist-capitalist" hybrid would work wonders.

A system with Universal Basic Income, universal healthcare, universal housing (basically: all basic human needs covered 100% of the time regardless of circumstances) with incentives to get education, work, and earn money (for all the shiny cool things that UBI can't cover), with a very strong grant/government investment system (replacing shareholders) to provide a non-malicious financial support for inventors/businesses.

[–] MiddleAgesModem@lemmy.world 1 points 1 day ago

That's not "utopic" it's how it exists right now in a number of Western countries.

The government is supposed to respond to the people. In Europe, it more often does. In the US, complacent/ignorant/lazy people do nothing to demand the government provide for the people. Instead, they waste time on the internet pretending that command-economy communism would magically be better.

[–] NateNate60@lemmy.world -5 points 2 days ago* (last edited 2 days ago) (2 children)

This perverse incentive, however, is at least limited to a very small group of people, whose influence, with the correct exercise of state power, can be contained.

In a capitalist economy or capitalist-like economy, everyone's individual self-interest aligns with the collective self-interest a good percentage of the time, so relatively little state intervention is needed to keep it working well. The problem with alternative economic systems is that it is in almost nobody's interest to work for the common good, either because of a collective action problem (in communist or communist-like systems) or other reasons. That is why governments in non-capitalist countries are comparatively more heavy-handed with their application of state power. They have to do so in order to maintain their system when it is in nobody's interest to do so on their own.

Without addressing the more obscure systems which I do not know enough about to give an informed take, the difference between capitalism and communism is that the former works by assuming the worst of everyone and the latter works by assuming the best of everyone. And humans acting in large groups tend to act shitty and selfishly.

almost nobody's interest to work

Except that doesn't really add up in reality. People do want to contribute. People do want to feel useful.

A lot of today's most important functions are done by people who do it out of a love for the field, not because they're paid well to do it. I'm thinking teachers. I'm thinking academics. I'm thinking people in certain medical fields such as nursing. A lot of these jobs frankly suck compared to other ones, and the list isn't limited to these.

Hell, I work at the place I do because I like the idea of working with what I do than just going private, even though I'm literally losing out on lots of money doing so.

And then you got stuff like the wealth of Free And Open Source software that people develop because they like to contribute. You got wikipedia. You got so many things people do just because they want to contribute, the list is almost endless.

Humans are wired to be pro-social. We could absolutely make it work. If anything, capitalism stands in the way of this goodness!

[–] Alaknar@sopuli.xyz 6 points 2 days ago

In a capitalist economy or capitalist-like economy, everyone’s individual self-interest aligns with the collective self-interest a good percentage of the time, so relatively little state intervention is needed to keep it working well

This is only true if you live in a fairy tale.

As soon as greed is introduced, any notion of "collective self-interest" goes out the window (in any system, not just capitalism).

The problem with alternative economic systems is that it is in almost nobody’s interest to work for the common good, either because of a collective action problem (in communist or communist-like systems) or other reasons

Socialism assumes that everybody has a "enough to survive" baseline, but if you want bells and whistles you need to actually work yourself. I feel like that's incentive enough.

Communism would - most probably - face the exact same problems as capitalism, where greed just completely turns the system around and breaks it. But we don't know since nobody has tried it yet.

They have to do so in order to maintain their system when it is in nobody’s interest to do so on their own.

Most Scandinavian countries are very heavy on socialism, and yet that isn't a problem.

the difference between capitalism and communism is that the former works by assuming the worst of everyone and the latter works by assuming the best of everyone

They actually both assume the same - the best - about everyone. The entire premise of "trickle down economy" is based on "when you're rich enough, you will want to help the poorer people out and uplift your community". As we now know - that's not the case (because greed).

Communism does the exact same thing, but flipped on its head - "centrally managed economy will work because people will want to help out other people" forgetting about the greed factor.

[–] theparadox@lemmy.world 13 points 2 days ago* (last edited 2 days ago) (4 children)

It’s the best system when combined with strong regulation and good social safety nets.

Both regulation and social safety nets run counter to the concept of a free market and a free market is central to the definition of Capitalism.

That's like saying "The best form of travel is unrestrained forward acceleration" with the caveat that it must be combined with the ability to break and steer.

[–] Malfeasant@lemmy.world 2 points 1 day ago

"The best form of travel is unrestrained forward acceleration" with the caveat that it must be combined with the ability to break and steer.

That's pretty accurate, though...

[–] scarabic@lemmy.world 17 points 2 days ago* (last edited 2 days ago) (2 children)

No, it’s like saying that the best form of transportation is some form of forward locomotive force kept in check by brakes and steering. Like, you know actual cars.

Basically you’re looking at a Toyota Corolla and saying “What? Some of its parts move it forward, and some of its parts stop it from moving? That’s a total contradiction! It’s central to the definition of a car that it move forward!”

Yes regulation and social safety nets run counter, that’s the point.

There’s no one concept which makes for a good system in a totally undiluted form. Pure centralized economy: disaster. Pure capitalism, disaster.

Capitalism tempered by regulation and socialism: a balance of economic dynamism and humanist restraint.

The core of your argument seems to be that the only form of capitalism is unrestrained capitalism and we just don’t agree on those semantics. I believe a free market system can be governed and taxed to support social welfare. You believe that capitalism can only be unrestrained. Well, my version of reality is everywhere we look: both Europe and the US are examples of free market economies with some safety net and regulation attached. Europe is stronger on the latter two but the US is hardly at zero.

[–] theparadox@lemmy.world 5 points 2 days ago (1 children)

You believe that capitalism can only be unrestrained.

I believe that the modern proponents of capitalism are fighting tooth and nail against any kind of restraint and that they are winning. I believe that the inherent premise of capitalism - that private ownership of capital and self interest will lead to market forces creating competition and the optimisation of the economy - are naive and false.

Yes, Europe has caged the leopard of capitalism with regulation and social welfare programs. It's just silly to me that so many sing the praises of a leopard when it must be kept caged at all times and watched constantly. Still in this form, it occasionally manages to devour a face or two before it's shoved back in its cage and the bars are repaired. Orbit gets out and rampages for a while, like is happening in the US. Clearly, powering your economy via caged leopard only way to do things.

There’s no one concept which makes for a good system in a totally undiluted form. Pure centralized economy: disaster. Pure capitalism, disaster.

If you think socialism necessarily means a centrally planned economy then you understand socialist movements about as well as you understand the superiority of capitalism.

It's honestly just a flipping of the premises of capitalism. That public ownership of capital and a focus on collective welfare and democracy rather than self interest is a better central pillar for an economy. The premise is that private ownership of capital driven by self interest will always gain a disproportionate amount of power and work against the public good.

What's really frustrating is that the disproportionate power granted to capitalists under capitalism has allowed them to undermined any attempts to try anything else. Every single time any government has turned to socialist values, whether by coup or peaceful elections, capitalists have used every power at their disposal to sabotage it. It reminds me of places like Haiti - the slaves overthrew their masters and the world made their lives hell for it... for generations.

If the capitalists don't manage to outright overthrow the government of the socialist state, the capitalists band together against it to such an extent that the socialist state often turns to authoritarian tactics to try and keep it's ideals. I'm not here to defend those tactics, just lament that the capitalist forces are so capable of preventing any real experimentation with socialism. It's a plague to them because it threatens their power. Seriously - look up any socialist state and I'm positive you'll find capitalist powers trying to overthrow or sabotage them.

Yes, there are also self proclaimed communist/socialist states that are closer to dictatorships. The Nazis also claimed to be socialists in order to get the support of the people. Clearly an unfortunate circumstance that muddies the water. No true Scotsman and all that.

[–] rah@hilariouschaos.com 2 points 1 day ago* (last edited 1 day ago)

Europe has caged the leopard of capitalism with regulation and social welfare programs

ROFL no they haven't

Capitalism is inherently about vice exploutation and getting around rukes, though. You can't say 'capitalism but virtuous'; that's nonsense. 'Capitalism but restrained' translates to reality as 'caputalism but only fir the first five minutes before breaking everything'.

[–] droans@midwest.social 10 points 2 days ago (2 children)

Adam Smith, the father of capitalism, was pretty clear that a free market still needs protection.

A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more; otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation...

Every species of animals naturally multiplies in proportion to the means of their subsistence, and no species can ever multiply beyond it. But in civilised society it is only among the inferior ranks of people that the scantiness of subsistence can set limits to the further multiplication of the human species; and it can do so in no other way than by destroying a great part of the children which their fruitful marriages produce.

The liberal reward of labour, by enabling them to provide better for their children, and consequently to bring up a greater number, naturally tends to widen and extend those limits. It deserves to be remarked, too, that it necessarily does this as nearly as possible in the proportion which the demand for labour requires. If this demand is continually increasing, the reward of labour must necessarily encourage in such a manner the marriage and multiplication of labourers, as may enable them to supply that continually increasing demand by a continually increasing population.

[–] ___qwertz___@feddit.org 2 points 1 day ago

Modern neoliberal capitalism is mostly based on Friedrich Hayek who thought that any regulation to the market is harmful. Smith is long overdue.

During a party meeting, Margareth Thetcher literally pulled out a book of Hayek out of her handbag, slammed it on the table and declared "This is what we believe".

[–] theparadox@lemmy.world 1 points 2 days ago

Adam Smith, the father of capitalism

Adam Smith is long dead and so is whatever he defined his ideal capitalism. The rich, the powerful, the most diehard proponents of capitalism... They are all pushing for less regulation, fewer social safety nets, lower taxes, lower labor cost. They absolutely don't give a flying fuck about their workers 'ability to provide for their families.

That's the end result of profit and greed being the driving force of the economy and markets. We're just back to a new flavor of feudalism.

[–] RedGreenBlue@lemmy.zip 3 points 2 days ago (3 children)

Look at the scandinavian countries. Arguably the best example of how to do capitalism, regulation and socialism. Seems to work out for their citizens.

[–] theparadox@lemmy.world 4 points 2 days ago

Yes, they've somewhat tamed their capitalism with a lot of social safety nets and regulation, for now.

Don't get me wrong - I'm in favor of moving in that direction in the US. I want more regulation and stronger social safety nets. I just don't believe that a core of Capitalism is a requirement or even the ideal starting point. I also don't believe it deserves the reverence it gets.

As someone living in Scandinavian countries, it's not as pretty as it seems on the surface

Abolish capitalism

[–] some_kind_of_guy@lemmy.world 2 points 2 days ago

So the best way to do capitalism is to have less of it than other nations

[–] outhouseperilous@lemmy.dbzer0.com 9 points 2 days ago (3 children)

Uh, why? What's actually good about it? Like, what dies it do well?

[–] scarabic@lemmy.world 2 points 1 day ago (1 children)

People have a natural desire to pursue their own interests. Capitalism takes advantage of this and thereby fuels the most dynamic economies in the world. Even China’s success only took off once they started allowing entrepreneurial enterprises some breathing room.

When you’re stuck in a collective system where everyone gets the same regardless of what they do, you get a bunch of unmotivated people who don’t do much. Why should they?

This is the age old debate. Pure communism sounds like a paradise: from each according to their ability, to each according to their need. So fair! So inclusive! But in practice it is a nightmare and lead la to famine every time.

In this thread we have a bunch of Americans who complain that capitalism is robbing them blind for the benefit of billionaires, but those same Americans doing all the whining are still wealthier than than 90% of the globe for 90% of history. The fact that someone is obscenely rich doesn’t take away from the fact that you are fed and housed and employed. And those things can’t just be taken for granted. Learn history. A lot of people have suffered without them.

Capitalism has ugly excesses, but they aren’t as ugly as the deprivations that communism has caused. Taking a tiger is dangerous, but I’d rather tame a tiger than try to get a dead corpse to plow the fields. In the same way, I think our best bet is to tame capitalism, even if it is dangerous Nd difficult. At least there’s something to work with. I mean really, look at the main problem that people have with capitalism: that it’s OBSCENE WEALTH isn’t shared equally. That does suck, but at least there is obscene wealth for us to fight over.

But it doesn't do that. It motivates people to exploit, and we only get stuff as a side effect of scams. As the scams get more efficient, less stuff is produced, and all of it sucks more. It's a system that literally runs on vice, but needs moral safeguards to function; it has a limited life even if you're completely charitable to the idea.

Also, an attack on ((a straw man of) centralist authoritarian) communism is not a defense of capitalism.

[–] immutable@lemmy.zip 2 points 1 day ago (1 children)

Capitalists love to conflate things like free market economies and capitalism.

There is only one good hack that free market capitalism figured out. If you make it profitable for people to satisfy others needs you can create a system where needs get satisfied and without explicit planning.

That’s the good bit about free markets. You want a hamburger, well if enough people want it then there will be a profit motive for someone to supply it.

There that’s literally it. That’s the good thing. It causes people to not sit idle but to go find ways to make profit and in the best most ideal version the ways they find to do that are a net benefit to society at large, people get hamburgers.

It doesn’t do anything to control for the psychopaths who would rather gather another bag of money they can never hope to spend by exploiting people. It doesn’t supply things that have low demand (like cures for rare diseases). It doesn’t have any short circuit for the profit motive in case it makes us do something stupid like destroy the ecosystem.

I wish we could look at it objectively. If you make it so people have to do things to make profit to survive they won’t sit idle. That’s the upside. The downside is pretty down though and one can acknowledge the upside and still think “yea this system still kinda blows, it’s predicated on people not being allowed to exist unless they are generating profit”

Its not good at that though.

I want good cheap internet service. But our society values ownership, and people of value agree: that should be illegal. I want a (name a thing) app that won't spy on me. There is literally nothing i can buy. I want a dumb tv-there's one company im not sure they're still in business and it's impossible to get one; the factories just can't keep up. I want a car that doesn't spy on me ajy more than legally required (i don't actually, fuck cars, but every driver i know does). Nearly every product i buy, there are simple popular (combinations of) features i want that do not exist on the market.

It diesnt even do that. 'Windows isn't done 'til lotus won't run' platformism, old fashioned cartelism/bribery/blackmail, and the modern information economy completely completely negate that

[–] some_kind_of_guy@lemmy.world 6 points 2 days ago (1 children)

It's an incredible system for moving all the money to the top 0.001%

[–] outhouseperilous@lemmy.dbzer0.com 3 points 2 days ago (1 children)

Okay, yes, point; very good at that. Do we want that? Is it wkrtg the cost if we do?

[–] rah@hilariouschaos.com 2 points 1 day ago

Do we want that?

It doesn't matter what you want. You (individually and the collective "we" you refer to) do not have the power to make a world where you get what you want. You'll get what the rich and powerful dictate you will get.

[–] balderdash9@lemmy.zip 7 points 2 days ago (1 children)

The strongest safety net would be to do away with capitalism and move to socialism. Which is why the U.S. diplomatically isolates, trade embargos, or just fucking assassinates countries/leaders that try to start socialism.

[–] scarabic@lemmy.world 1 points 1 day ago (1 children)

Do you want to show me these very strong pure socialist societies? Are you really going to claim that pure socialism is a perfect system but it’s never been allowed to work, even one time, and has been sabotaged 100% of the time? I am aware of such sabotage, but I refuse to believe that the sabotage has been flawless and never allowed this perfect system to succeed, even once. Pure socialism has more than just capitalist sabotage against it.

[–] balderdash9@lemmy.zip 2 points 1 day ago* (last edited 1 day ago)

It's odd to acknowledge the long history of sabotage against socialist countries--by the most powerful country in the history of the Earth--while also implying that socialist countries would fail on their own. If they would fail, then there's no reason to sabotage them. But if you'd like examples, look at the achievements in Cuba, Asia, and, yes, the U.S.S.R.

From Micheal Parentti's Blackshirts and Reds:

E.g 1: "Today, Cuba is a different place. For all its mistakes and abuses, the Cuban Revolution brought sanitation, schools, health clinics, jobs, housing, and human services to a level not found throughout most of the Third World and in many parts of the First World. Infant mortality in Cuba has dropped from 60 per 1000 in 1960 to 9.7 per 1000 by 1991, while life expectancy rose from 55 to 75 in that same period. Smallpox, malaria, tuberculosis, typhoid, polio, and numerous other diseases have been wiped out by improved living standards and public health programs. Cuba has enjoyed a level of literacy higher than in the United States and a life expectancy that compares well with advanced industrial nations."

E.g 2: "Consider Kerala, a state in India where the actions of popular organizations and mass movements have won important victories over the last forty years against politico-economic oppression, generating a level of social development considerably better than that found in most of the Third World, and accomplished without outside investment. Kerala has mass literacy, a lower birth rate and lower death rate than the rest of India, better public health services, fewer child workers, higher nutritional levels (thanks to a publicly subsidized food rationing system), more enlightened legal support and educational programs for women, and some social security protections for working people and for the destitute and physically handicapped. In addition, the people of Kerala radically altered a complex and exploitative system of agrarian relations and won important victories against the more horrid forms of caste oppression. Though Kerala has no special sources of wealth, it has had decades of communist organizing and political struggle that reached and moved large numbers of people and breathed life into the states democracy."

E.g 3: "During the years of Stalins reign, the Soviet nation made dramatic gains in literacy, industrial wages, health care, and women's rights. These accomplishments usually go unmentioned when the Stalinist era is discussed. To say that "socialism doesn't work" is to overlook the fact that it did. In Eastern Europe, Russia, China, Mongolia, North Korea, and Cuba, revolutionary communism created a life for the mass of people that was far better than the wretched existence they had endured under feudal lords, military bosses, foreign colonizers, and Western capitalists. The end result was a dramatic improvement in living conditions for hundreds of millions of people on a scale never before or since witnessed in history."

In each of these cases, we see socialist policies lead to desirable outcomes despite serious economic barriers. Many capitalist developing nations cannot say the same. We conveniently seem to forget the exploited, overworked, and underpaid millions who suffer and die under the yoke of capitalism. Land, labor, and resources are stripped away and systematically funneled to the world's richest; and somehow we repeat the propaganda that this is the best system we can hope to achieve.

[–] jimjam5@lemmy.world 6 points 2 days ago* (last edited 2 days ago) (1 children)

when combined with strong regulation and good social safety nets

🤣 I’m not disagreeing with the sentiment but to think we’ll see those anytime soon is a bit of a sad joke. I think too many people in power have made too much money for anything but a sundering to change their minds and allow themselves to be regulated and work for the good of all, instead of themselves.

In a slightly different vein of thought, I think there is truth to the sentiment that fascists don’t cede power willingly. I get that we should focus on things we can change that aren’t unimportant, but I don’t think I’ve ever heard of a fascist government being voted out.

[–] scarabic@lemmy.world 1 points 1 day ago (1 children)

The only thing making stronger regulation impossible is self-defeating apathy.

The hard truth is that none of us here in this thread are out in the streets rioting because we are fed, housed, and have a job to get to. We talk about capitalism as if it only benefits Elon Musk but we’re all riding the same bus. He just has a better seat.

[–] jimjam5@lemmy.world 1 points 1 day ago

I can’t speak for anyone else, but I have been to local protests (and the use of the word rioting suggests you might be of a different persuasion than me, and that’s ok). And for the record, I didn’t disagree with you. I grew up under capitalism and knew a brief period where capitalism wasn’t completely fucking over the lower and middle classes but that was before the US came out of the fascist closet.

[–] OldChicoAle@lemmy.world 1 points 2 days ago (1 children)

I think we're just tried of thinking we can fix the things falling down cuz the people in charge are perfectly happy getting rich AF right now. Why change anything?

Thinking you can fix the system is kinda laughable in 2025.

[–] scarabic@lemmy.world 2 points 2 days ago

Not as laughable as thinking you can throw the system out. Incremental improvement is the only thing that has ever worked, and many generations have faced challenges. This is not the first time that wealthy interests have squeezed the working class. This is not the first time that politics has been dysfunctional.