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!
Slaves don’t have private ownership of their capital… because someone else does.
Most “free” workers, in terms of capital, own only their own labor.
Capitalists own the majority of the capital–land, equipment, intellectual property, etc.
A system where the workers own the capital (aka the means of production) is socialism.