Hi all,

I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.

Cheers!

  • GoodEye8@lemm.ee
    4·
    1 year ago

    Then it’s not a non-capitalist economy.

    Capital can be privately owned including by individuals. For example, an individual could own a factory and rent it out to a worker coop.

    Your example is literally capitalism. You use your capital and extract surplus value from the worker coop in the form of “rent”.

    • J Lou@mastodon.social
      02·
      1 year ago

      The anti-capitalist tradition I am speaking from is descended from Proudhon and other classical laborists not Marx. I reject the labor theory of value.

      The difference from capitalism is that legal system recognizes the employer-employee contract as invalid, and thus all businesses are required to be worker coops. I am fine with calling it capitalism if necessary, but many defenders of capitalism would not consider it to be so