yes.I am against capitalism, in the form in which it is practised in today’s world.
— based on what I commented on another answer: —
Market economy works ONLY on a small scale – just like communism (municipalities, like the Commune I in Berlin, work because/if there are less than 100 people or so).
The problem with today’s capitalism is that arguments like “then people just go to another provider” don’t work in the big one: big vendor buys small ones/ruins it with price dumping / pays people to damage reputation, etc.
In a small society, you can’t afford to offer poor service; in big cities, how do you know which of the 20 plumbing companies do a good job and which do not?
Publicly you can’t write bad things about a company, otherwise you can easily have a lawsuit on your cheek.
Advertising: It is much cheaper to advertise than to make a good product.Paid reviews on Amazon, both good (own) and bad (competition product). Quasi-anonymity is GIFT for systems based on “trust” (“then people just go to another provider/producer” – think).
Work: there are too many people looking for work, so companies can push down wages.An acquaintance of mine is an optician, and her boss has told her in the face: if they are not satisfied with two-and-a-half of the collective wage, then they go. There are already 30 others at the door.
Market economy is necessary because people need an incentive to provide services; but if the system becomes too big (like the global economy), it turns out that it is only a board of the super-rich to become richer, and the ordinary people only tiles; or worse, resources that can be consumed – especially in the US: hiring people when they’re burned out, scrambled, the welfare systems need to take care of these people (or they’re starving, we don’t care), hiring new people.
(One problem with my answer/commentary is that one should distinguish between capitalism and the market economy.Most of the time I write/read English, and the term “capitalism” is predominant.)
Stock market speculation
Another component of capitalism that (in my opinion) should be completely eliminated: stock market speculation.The only thing that is “good” is that clever speculators make a profit – at whose expense? Producers and consumers.
Even in the case of public limited companies, which (as far as I can see) were the triggers for what stock exchanges were created, stock market speculation nowadays actually only causes damage.
Originally the idea was: ok, I believe in your vision, I invens into your company, then you have capital to grow, and my money becomes more valuable over the years.
Nowadays, the big AGs are all short-term profit-oriented.
Investors want profit.dividend and/or price increase. And fast.
So they put pressure on the CEO and the management board to make a profit.Not, “we try to achieve the best possible for the company, especially in the long term”, but: profit targets are set, and these must be achieved. Short-term profit can almost always only be achieved at the expense of long-term well-being. Result: mass redundancies, “we-save-us-broken” measures, and top-down corporate management, where the boss orders his subordinates what to do.
“You do what I say” (and woe betide you, you don’t achieve the predetermined goals!” Culture, instead of “This is what we want to achieve – how do we do it?Suggestions?”. And: once set goals are set in stone, and every employee and boss must stick to achieving them, even if the economic situation has changed completely, and it would be much better to do something completely different now.
Market economy – yes. But regulated to prevent the entire system from degenerateing into a tyranny that serves only the rich.The United States is pretty much the prime example of what kind of society and economic system you don’t want.But the US dominates the world market – why?Because companies there are not held back by “unnecessary ethical, social or moral concerns”.
This annoys me most about Germany: D has tried to become just as great as the United Corporations of America in the last 30 years – and in my opinion is also “super successful” in this endeavor.
The Nordic countries have so far retained even more solidarity and a welfare state, but that too is going down the drain: in a global economy where merciless predatory capitalism reigns, an economy that does not function in this way cannot hold its own. The simplest example is that Nordic countries have to reduce company taxes, otherwise companies simply leave and move their headquarters to a country that offers them better conditions).
Oh, man, how do I hate the United States…