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   JA Westenberg (daojoan@mastodon.social)'s status on Wednesday, 28-Feb-2024 22:45:12 JST JA Westenberg

   Capitalism is when your tax dollars pay to bail out the bank that foreclosed on your mortgage

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     Aaron (hosford42@techhub.social)'s status on Thursday, 29-Feb-2024 08:00:55 JST Aaron

     in reply to

     • Runyan50
     • Kyle Montanio
     • Carrie ✌🏻🫀🤟🏻
     • Professor_Stevens

     @Professor_Stevens @Runyan50 @LuLuLove @Daojoan @FantasticalEconomics There's a simple way forward that stops the concentration of wealth without taking a wrecking ball to the rest of the system. If for-profit corporations were replaced with cooperatives, any wealth extracted as profit would flow right back to those it was taken from. Without concentration of wealth, the erosion of democratic control of government via corruption would be slowed or halted, as well. What we need are laws and policies and a social movement that push for the replacement of for-profit corporations with cooperatives. Exit-to-community instead of an IPO. Incentives for the formation of cooperatives, and disincentives for profit. Taxation specifically of profit instead of income.

     The economic term for the extraction of additional money without providing additional value is "rent-seeking". By this definition, corporate profit is a form of rent. Both should be outlawed. They are the core flaws in our system.

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     Professor_Stevens (professor_stevens@mastodon.gamedev.place)'s status on Thursday, 29-Feb-2024 08:00:57 JST Professor_Stevens

     in reply to

     • Runyan50
     • Kyle Montanio
     • Carrie ✌🏻🫀🤟🏻

     @Runyan50 @LuLuLove @Daojoan @FantasticalEconomics

     It is A such vehicle. There are others. I suppose a valid question is whether or not any of them can exist without doing so. But I see the problems we face here in the US as being proximately caused by that influence of wealth on government. Before I wipe out one economic system for another, which may not solve our problems, I want to know more about how each option can be used so as to avoid those problems.

     GreenSkyOverMe (Monika) repeated this.
   • Embed this notice
     Runyan50 (runyan50@newsie.social)'s status on Thursday, 29-Feb-2024 08:00:58 JST Runyan50

     in reply to

     • Kyle Montanio
     • Carrie ✌🏻🫀🤟🏻
     • Professor_Stevens

     @Professor_Stevens @LuLuLove @Daojoan @FantasticalEconomics Isn’t capitalism the vehicle that concentrates wealth in fewer hands which allows money to control government?

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     Carrie ✌🏻🫀🤟🏻 (lululove@mastodon.social)'s status on Thursday, 29-Feb-2024 08:00:59 JST Carrie ✌🏻🫀🤟🏻

     in reply to

     @Daojoan capitalism is the oppression of the poor. Capitalism is protecting the rich. Capitalism is lethal. Capitalism is awful! Or gov decides when socialism is acceptable. That is only when the rich need help or when gov officals need health care or child care or a living wage... If we had more social programs for the poor, unhealthy and old our country might ACTUALLY be the greatest but until then we suck!

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     Professor_Stevens (professor_stevens@mastodon.gamedev.place)'s status on Thursday, 29-Feb-2024 08:00:59 JST Professor_Stevens

     in reply to

     • Carrie ✌🏻🫀🤟🏻

     @LuLuLove @Daojoan

     All true, and not limited to capitalism. This is what you get when money equals the power to control how government allocates its resources.