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!
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Efficient? Thats your takeaway from that?
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Even if a process is efficient, which in this case it isn’t (overproduction is terrible for efficiency), that’s not the only thing to consider, the moral aspect is important too. Off the top of my head, in this example, there’s the inhumane treatment of the cows, the workers get paid inadequately for what they produce, and the dumped excess produce probably affects the ecosystem.
No it’s because wealth is unfairly divided. Workers should benefit from productivity increases.
Also, the example in the original comment describes a dystopian death machine. A torture factory for cows to facilitate overproduction. We don’t need to eat that much meat nor consume that much milk. This is why the entire planet is going to shit…
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Capitalism is bad because it creates incentives for greed to people who do are not contributing. Greed is never good, but it’s especially bad when you use real work to justify why people do nothing to give them crazy amounts of money.