I’m really not trying to be a dick, but uhh… Look around? The world is literally on fire and efforts to put it out or even to stop pouring more gas on it are put down at every turn by capitalists in the never ending pursuit of more money for it’s own sake.

Let’s start here: are you a capitalist? Do you own any actual capital? I don’t mean your own house or car, that is personal property not private property or anything resembling the means of production.

I ask because many people consider themselves capitalist when really they are just workers who happen to own a bit of personal property, and they make themselves essentially useful pawns for actual capitalists.

And, if you’re not an actual capitalist, why are you so pro capitalism?

I’m really not trying to be a dick, but uhh… Look around? The world is literally on fire and efforts to put it out or even to stop pouring more gas on it are put down at every turn by capitalists in the never ending pursuit of more money for it’s own sake.

Well I mean it’s unclear to me that we’re much worse than previous points in history. I’d rather have the climate crisis over the nuclear one, or either of the world wars, or live under a feudal system where I’m owned by the local lord in his castle.

I sympathize (and agree) with the belief that the current system isn’t serving everyone, much less serving everyone equally. But the world is a complicated thing and we’ve got >7 billion people to feed! I think we should be very careful before deciding “yeah it’s time to tear down the existing systems and hope that there are better systems out there”. It’s easier to make things worse than to make things better.

Let’s start here: are you a capitalist? Do you own any actual capital? I don’t mean your own house or car, that is personal property not private property or anything resembling the means of production.

I guess? I’ve wanted to start my own business a couple of times. I’m a programmer, so I’ve toyed with the idea and done some research into creating a few apps which I believe people would find useful, and might pay my bills. I don’t own a house or a car-- I live in an apartment in a mid-size US city.

I ask because many people consider themselves capitalist when really they are just workers who happen to own a bit of personal property, and they make themselves essentially useful pawns for actual capitalists. And, if you’re not an actual capitalist, why are you so pro capitalism?

I’m guessing you’d consider me a pawn, but I don’t. I fit your description of owning a bit of personal property, and being a worker. I’ve worked for some large companies in the past which are supposedly the “actual capitalists”. But I promise they don’t give two shits about social good (or social bad). They are just desperately trying to make products that people want to buy. In my view, it’s a pretty good system which constrains huge organizations like Apple to making devices, when the alternative is that they could be setting up their own governments.

Apple recently entered banking. So…

Yeah, and if they serve the needs of customers better, then they’ll be given encouragement (money). If they don’t, they’ll be given discouragement (they lose their investments). Seems like a good system, no?

Of course, corruption and regulatory capture subvert this system and are bad for everyone, but those are subversions of capitalism.

Are they really subversions? A pure capitalist society is determined purely by incentives and the rules of economy (supply and demand and such). If it’s in a business’s best interest to do something unethical, they will do it. They will band together to price fix, they’ll collaborate to pay workers the bare minimum, they’ll create monopolys and duopolies to get the most money possible, because in a capitalist society, money is the #1 incentive. Government regulations are anti-capitalist policies to prevent these things from happening - although maybe not as effectively as they should be, given how things are.

Capitalism is defined as a set of rules/regulations that allows people to own the capital that they produce. Regulatory capture is when an organization gains control of the regulations to subvert other people’s ability to own their capital. This is why I say that the more regulatory capture that happens, the less capitalist the system.

And yes! Capitalist systems heavily incentivize caring about money and nothing else. But the system also makes it so that when people act purely selfishly for money, that it results in good outcomes for everyone. That’s why I think it’s a good system.

For example, if organizations price-fix, it heavily encourages a third party to undercut them. If they try to prevent the third party by legal means, then that’s not capitalism.

Just chiming in to say that if organizations price fix, it’s pretty rare a 3rd party can sustainably undercut them. The price fixers can agree to drop prices way lower, sell at a loss until the 3rd party is forced to price fix too or go out of business, and then resume the fixed price

So the outcome from a customer’s perspective is that the price fixers have dropped their prices way lower? That’s good, no?

And then once the 3rd party goes out of business and they resume their high price… they’re encouraging a new 3rd party to try again. So the prices lower again.

Meaning there’s pressure on prices to be lower, which is what we want. Therefore, good system.

Of course, I’m not saying it’s ideal. But is there a better system?

For most purchases, people really only have vanishingly few choices of companies to buy from. A truly free market might work, but the profit motives that have corrupted our political, legal and regulatory systems has made most markets into oligopolies. These companies work together to manipulate prices, without ever directly communicating in a way that can be punished.

For a free market to really drive prices down there needs to be real competition. When eggs went up in price, they allegedly did so because of avian flu. But that flu only affected a small amount of the production. Cal-Maine, the largest egg producer in the country, lost no egg production at all. Yet they increased their prices massively. If the market was working as you say it does, Cal-Maine would have kept their prices low to capture more market share. Instead they saw that other producer might have to raise prices and preemptively raised their prices.

For most purchases, people really only have vanishingly few choices of companies to buy from

Purchases such as…? Because basically all the things I purchase I have pretty solid options for, especially when you consider that a lot of good are interchangeable with each other.