• shalafi@lemmy.world
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    3 months ago

    For all the bitching about capitalism, which basically every country on Earth uses for an economic system, we’re missing 3 key things.

    • We can have unions under capitalism.
    • We can break, or prevent, monopolies under capitalism.
    • Our governments can protect us under capitalism.

    Everything works fucking great with those 3 ingredients. Imagine that.

      • shalafi@lemmy.world
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        3 months ago

        That’s rather my point! What are we to replace a free market with? Everyone screams SOCIALISM, but no one seems to agree on what that actually means.

        Shall we do the literal, textbook definition? State ownership of the means of production? That’s been a complete failure.

        What we need is a capitalist economic system, reigned in by:

        • Unions, to protect the workers
        • Breaking and disallowing monopolies, so they never get so large as to control the government
        • Democratic governments who protect us, voted in by an educated electorate

        But I repeat myself. I guess the Nordic countries, and most of Europe, who act exactly as I outlined, are failures.