points by toomuchtodo 11 hours ago | 0 comments
Let’s not pretend capitalism is any better. Better for some, but not the majority. Top 10% of US households hold 90%+ of US equities. Majority of Americans cannot afford basic needs on their incomes, and most of their jobs are low quality.
Typically, the people who complain about socialism and communism are the ones looking for a right to exploit others under an economic system for their own economic gain, as socialism and communism would cram down what these exploiters would be able to achieve while achieving a more solid floor under the poorest and most disadvantaged. A tale as old as time.
If capitalism is so good, why is everyone so unhappy and suffering while a select few get and stay wealthy, mostly out of luck and/or inheritance?
Exploitation is always a challenge. As you said, those today often yelling for capitalism are actually wanting to exploit those not paying attention or small enough to he steamrolled. In socialism, its those at the top that end up exploiting the rest of the country.