Jelani Cobb
Old Dog New Tricks@Jelaniya no surprise. Why do so many people think amassing large sums of wealth makes someone intelligent? I’ve met a number of these folks and my experience is most are bat shit crazy narcissists.
Fallon Stone@thom @Jelaniya I agree.. but I have to say.. we were taught in school that only intelligent people become rich. Whether it's "you need a college degree to make a lot of money and you have to be smart to get into a good college" or "here's a parade of wealthy men throughout history and because our system only rewards the good, smart people, they are all smart"
Patricklee@FallonStone @thom @Jelaniya life has taught me that only those who are willing to exploit become insanely rich.
@patricklee @thom @Jelaniya sounds right to me. Author Jon Ronson wrote a book examining psychopathy and found that capitalism rewards psychopathy. Psychopaths have some basic traits -- lack of empathy, difficulty distinguishing right and wrong, tendencies to lie or manipulate, a disregard for the rights of others -- all traits that benefit capitalistic pursuits towards extreme wealth. It is not just wrong to assume the rich are brilliant, it's dangerous.
IAROSLAV VOITOVYCH@FallonStone @patricklee @thom @Jelaniya
No other well competing system has been invented yet. Saying "Capitalism is wrong!" is just like saying "Life on Earth is wrong!".
No other well competing system has been invented yet. Saying "Capitalism is wrong!" is just like saying "Life on Earth is wrong!".
@iarov @patricklee @thom @Jelaniya there are, apparently, better ways to do capitalism and whether other systems are better is a matter of opinion. Lots of people throughout history seemed to think, for example, that socialism is better. I don't have an opinion yet, but to say one can't criticize what exists without something better already existing, negates the process undergone to develop something better.
@FallonStone @iarov @thom @Jelaniya 100% of any economic system will always fail. Capitalism works wonderfully when it is well regulated against abuse by a minority. Same with socialism. I fail to see any real benefits for fascism or it’s sibling systems though.
@patricklee @FallonStone @thom @Jelaniya
If capitalism is being abused by a minority, then it is not capitalism but a cleptocracy or oligarchy - exactly what we see in autocracies around. The only cure for this threat is a well-developed democracy, which protects the system from monopolization by a minority.
If capitalism is being abused by a minority, then it is not capitalism but a cleptocracy or oligarchy - exactly what we see in autocracies around. The only cure for this threat is a well-developed democracy, which protects the system from monopolization by a minority.
@FallonStone @patricklee @thom @Jelaniya This is a clear mistake to divide good and evil by the socialism vs capitalism line, because socialism is in fact a fictitious system which failed every attempt of building, and this is a fact, not an opinion.
@FallonStone @patricklee @thom @Jelaniya
The root of it all is the random outcome of any business created, so the investment should go random as well - any attempt to put investment under control is a failure, thus you need capitalists who can randomly invest, and thus capitalism is the only system that can survive and compete.
You could invent a zillion variations of capitalism, but there is no alternative to its core.
The root of it all is the random outcome of any business created, so the investment should go random as well - any attempt to put investment under control is a failure, thus you need capitalists who can randomly invest, and thus capitalism is the only system that can survive and compete.
You could invent a zillion variations of capitalism, but there is no alternative to its core.