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   ☭ 𝗖 𝗔 𝗧 ☭ (radical_egocom@mastodon.social)'s status on Sunday, 04-Feb-2024 13:13:40 JST ☭ 𝗖 𝗔 𝗧 ☭

   Capitalism has NOT lifted millions out of poverty. The benefits of capitalism disproportionately favor the wealthy, and the majority remain economically marginalized. Capitalism commodifies individuals by reducing them to mere "human capital". Workers' value is exploited for the benefit of a privileged few. Capitalism's focus on private ownership and profit motives leads to unequal resource distribution, preventing equitable access to necessities.

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     Floaty Birb (floatybirb@mastodon.social)'s status on Sunday, 04-Feb-2024 17:37:37 JST Floaty Birb

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     @Radical_EgoCom I dislike the annoying "Capitalism has lifted millions out of poverty" talking point, because it attributes any kind of technological development with capitalism, ignores non-capitalist components of economic development and dismisses the aspects of capitalism that make people poorer and more miserable.

     pettter repeated this.
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     EmbraceBecoming (embracebecoming@kolektiva.social)'s status on Sunday, 04-Feb-2024 17:37:37 JST EmbraceBecoming

     in reply to

     • Floaty Birb

     @floatybirb @Radical_EgoCom What capitalism frames as poverty reduction is in large part the process of proletarianization, where people living subsistence lifestyles are brought into economies controlled by capital. There are upsides and downsides to this process, but a significant number of the people affected are not doing this willingly.