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But "socialism" is a scary word
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this post was submitted on 06 Jan 2025
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The flaw in capitalism and the flaw that makes it unmanageable is how over time capitalism will find ways to extract more for less.
This will always fall to the workers. The recent recession had tax payers bail out the banks as well as pay bonuses. all because banks got very greedy.
Its not a flaw, its working as planned. But yeah, our "market solutions", basically any problem created by capitalism just gets exploited for profit. Even when the economy crashes its actually a good thing for the very rich, as it " disciplines" labor, moves people down and out of the middle class which lowers wages systematically, takes out a few competitors, etc.,
If you look at it, every crisis always results in transfer of wealth up. Covid was the biggest up to date.