Comment on Another WSJ banger about why the poors aren't doing more
Reality_Suit@lemmy.world 2 days ago
The answer is so easy:: make doing things affordable, and people will do things… anything, it doesn’t matter. Do you want people to have kids? Make having kids affordable. This is unregulated capitalists’ fault. Plain and simple.
shalafi@lemmy.world 2 days ago
Bingo. I think capitalism’s just dandy, but no economic system is going to work for the people if the governmental system refuses guardrails. At this point America isn’t merely declining to put rail in, we’re removing the few we had.
For the capitalism haters, capitalism is not what your are experiencing. You are experiencing oligarchy.
kibiz0r@midwest.social 2 days ago
It is capitalism we’re experiencing, but it’s treating capitalism as the only tool in the toolbox and structuring an entire culture around it.
Markets work great for some things. Not everything. Currency works great for some things. Not everything.
Anonymous transferrable shares of ownership, and all of the abstract financial instruments that spin out of that one simple mechanism… are honestly not very good for many things at all, but they’ve become the primary assets that our economy optimizes for.
shalafi@lemmy.world 2 days ago
Well, yeah, we don’t want things like healthcare and military defense in the private sector.
Everything in your last paragraph is solved with guardrails. We’re now barreling towards October 1929.