temporarily embarrassed billionaires
Richard Nixon’s head : I promise to cut taxes for the rich and use the poor as a cheap source of teeth for aquarium gravel!
[audience applauds]
Philip J. Fry : That’ll show those poor!
Turanga Leela : You’re not rich!
Philip J. Fry : But someday I might be rich, and people like me better watch their step
This might be relevant:
https://youtu.be/J_fZ9o6P0-A?si=-fl7rLryYZBDVgTN&t=194
Conditions here were deplorable by any objective measure. And if you’ll recall, one of the hallmarks of early Russian industrialization was: the workforce was often transient. People moved back and forth between their home villages and jobs in the cities, and this flux meant that the places people lived and where they ate and bathed and got medical attention were only ever temporary expedients. It was a bit like you were going off to some particularly crappy summer camp. It was only meant to be temporarily endured, not lived in full time, and so conditions just never got better. People were not just renting rooms; they were renting corners of rooms. You could rent not just a bed, but part of a bed. Sanitation was, of course, practically non-existent, and the food was disgusting. The work itself, meanwhile, was long and grueling. There were no safety standards in the factories. There were hardly any rights for anybody at all. And pay was literally inadequate. The ministry of finance itself surveyed conditions and concluded that a family of four needed about fifty rubles a month to purchase basic necessities (that is, food and shelter and heat) and then they found that 75% of the workers were making less than 30 rubles a month. The economic and moral math was just not adding up.
https://youtu.be/J_fZ9o6P0-A?si=FtaiY47HVyXXBeAP&t=340
The lower skilled, less educated, and still mentally “peasant” workers tended to remain culturally conservative. They were orthodox christian and believed strongly in the divine benevolence of the czar. And indeed one of the things reported by both social democrats and SRs back to their respective central committees was that they struggled to recruit among these workers because they were out there pitching “overthrowing the czar” and everyone was like “What? We… we love the czar, and he loves us too!”
To them, the czar was not a villain, but a hero. Not the devil, but their savior. It understandably made recruiting for a political revolution to overthrow their “hero and savior” very difficult.
https://thehistoryofrome.typepad.com/revolutions_podcast/2020/02/1033-bloody-sunday.html
Because propaganda is effective.
Unfortunately many of us have been taught that being a good person and a good citizen equals being productive and accumulating resources. Things that are quantifiable and external to the actual person and their relationships.
Being productive and accumulating some resources can be good activities to spend time on, but they are practical necessities and not defining characteristics of existence.
Because the average person doesn’t have any real time to think deeply about politics. They believe whatever big media tells them. Some also can’t understand how evil someone people can get.
“Surely the basic logic of how things work must be very consistent in order to have such a large and prosperous country like the USA. I don’t understand it. Probably because I’m missing something not because it’s fundamentally flawed”
- Because it’s in their personal interests to perpetuate capitalism
- Because liberal ideology is hegemonic and it is what most people have been raised to believe
- Plenty of other reasons why people hold the political beliefs they hold, surely it’s obvious that there are many ways that someone can arrive at a belief system
I like how these pretty neatly map to the three I gave for defending billionaires, even though they’re worded very differently and probably thought of completely independently. We even ordered them the same way.
People who defend billionaires either have a vested interest, have actually bought that they’re 1000x smarter than normal people, or have some (possibly vague) abstract moral position that overrules the basic idea of fairness. Often it’s more than one.
I suppose the 1000x smarter thing isn’t the only propaganda reason given, but I’d say meritocracy is by far more pronounced than inherent property rights or red-baiting in today’s mainstream media. People who go with the latter two tend to learn it through personal connections.
Your username on a post about capitalism makes me giggle
You mean our post.
Yes comrade.
Regarding capitalism, in reality, it is the best system we’ve seen so far.
Yes, theoretically other systems could be better for the general public. But in reality, they never have been.
Who told you that? Why do you believe it? Where and when are you citing as the best so far?
Socialism has been proven to do far more for its citizens than Capitalism. Capitalism is just a phase in development, Socialism supercedes it.
Did something supercede Socialism in Russia around the years 1988 to 1991?
It’s important to note that the USSR didn’t build into Capitalism, but collapsed into it. The USSR was dissolved from the top-down, not due to structural failures and instability, but due to opportunism.
There was a lot that went into the “murder” of the USSR, and numerous mistakes along the way of its development that were inevitable as history’s first Socialist State, but the idea that Capitalism grew out of Socialism is not correct. When I say “supercede,” I quite literally mean that Capitalism’s mechanisms naturally lead to Socialism over time.
because they prefer to dream of themselves as billionaires in potentia. it’s hard to admit you’ve been duped, especially when society gives you so many targets to punch down on.
or, as futurama put it, link
A slave doesn’t dream to be free, but to be a king
because they arent the ones being stripped of their livelihoods to fatten the moneypigs
Well it’s similar to what Churchill said about democracy… it’s a bad system but it’s better than all the others.
If you can put ideology aside and think in terms of economics, in many industries capitalism offers an efficient way of determining the an optimal price and quantity to produce considering the costs and value something brings. And it’s something that allows for industries to function without an excessive amount of centralized planning which will often get things wrong.
But it’s like a machine in a many ways. And like any machine it requires maintenance. Things like trust-busting, progessive taxation, regulations, and occasional stimulus are necessary to keep it running smoothly.
But once you bring ideology into it, it all becomes a shitshow. Some will argue capitalism is a perfect machine and any kind of maintenance on the machine will ruin it’s perfection. Others take any kind of maintenance on the machine as a sign the machine will inevitably fail and needs to be replaced entirely. But then we go back to the beginning where other systems have been tried and they’re worse. Charlatans, grifters, ideologues abound pushing people in every direct except for simply taking reasonable measures to keep the machine running smoothly. There’s an almost religious devotion towards arguing the either the machine is perfect or the machine is doomed to failure and not only should be replaced they should accelerate the failure so it can be replaced sooner.
Zealots from all sides demonize the mechanics that are simply keeping things running. A lot of emotional nonsense about this thing. But to an economist, it’s just a machine with both strengths and weaknesses. The functioning of the machine is well understood, and the other machines that have been tried didn’t really work.
I think decentralization of power is a nice feature too. Billionaires are power centers outside of the government, judiciary, or military. They exist as a result of lax control on the markets by the government. In countries without capitalism and property rights, the billionaires are the government and the judiciary and the military. So, even though it might seem like nationalizing their wealth would decrease inequality, if there aren’t good safeguards for decentralizing government power, it would result in a less equal society.
Part of the existence of billionaires is the ability to actually determine which money is theirs. In autocratic governments, you can’t really say who owns what because you never know what the government might decide to take.
I don’t defend billionaires, I think power should be spread more fairly, but eliminating them via the government needs to be done wisely in order to maintain decentralization.
In countries without capitalism and property rights, the billionaires are the government and the judiciary and the military.
In the US, they just have solidified a really good means of controlling it… I mean, the amount we don’t tax them, the super PACs we let them contribute to, and the control they have over our media are definitely forms of control that may not be “as bad” as other systems (arguably) but it seems like it’s really similar.
Maintaining decentralization just allows for more centralization as markets coalesce into monopolist syndicates, better to centralize, make public property, and democratize.
Many people do not grasp the sheer size of the disparity between the truly wealthy and everyone else.
They really think billionaires are like them, the only difference is that someone else goes to Walmart for them
Billionaires are like everyone else. That’s the reason I don’t look up to any. They’re just as human as I am. No amount of money can ever make them anything else or anything more. They have access to an absurd degree, and they can afford far, FAR more, but they will never escape their base human nature. Almost anyone can be a billionaire. Some current billionaires prove that every moment they open their mouths.
Or they take capitalism as good and freedom as an axiom.
Most people will take “freedom” as an axiom, but how “freedom” is defined varies a lot. In a society where the commons are pretty much fully enclosed and you are homeless, the petite-bourgeois may very well be free, but you really aren’t.
I believe your comments is just a paraphrase of: “They are being stupid”
In my opinion this is a very toxic way of thinking and does not try to understand the arguments “the other side” presents.
I don’t think it’s that bad-faith. I myself still find it positively mind-blowing to comprehend when the data is right in front of me.
Someone might equate wealth to hard work, but it hasn’t really hit them, the real literal difference between 1 million dollars, and 1 billion, and then the news is talking about “trillionaires.”
There’s just no way to earn a billion dollars, to yourself, through honest work and by not exploiting others. And I think a lot of folks really don’t realize this. They know that’s a lot, but they might change their mind and realize how outrageous it is, when you present them with something like:
“Joe, you could get 3 more promotions and work 80 hours a week for 13 lifetimes and still not earn that much. Do you really think this is just petty jealousy at play?”
They might just change their mind.
But a lot of folks grew up in a time or place where people who ran the company started at the bottom, and it really needs to hit them hard that this just isn’t reality anymore.
People who defend billionaires either have a vested interest, have actually bought that they’re 1000x smarter than normal people, or have some (possibly vague) abstract moral position that overrules the basic idea of fairness. Often it’s more than one.
Capitalism, as the term is commonly used, is poorly defined enough that you have to specify what it means here. Is it any kind of market? Is it large corporations? Is it every interaction being purely voluntary (somehow)? If you consider a big Soviet firm like Gosbank a “corporation”, all three could also be socialist depending on who you ask.
Since this is .ml, for the classical Marxist definition that it’s “private ownership of the means of production”, the arguments are mainly against the proposed alternatives, or just that private vs. personal is hard to demarcate, and nobody wants to share a toothbrush.
I assume they think they will be able to achieve the same status in the game that’s designed to literally oppress them and make them think they are cared by the billionaires.
It’s the American dream. What is the quote? We’re all embarrassed potential millionaires?
That’s why the “hustling culture” is so important and prevalent in our society right now.
Everyone “knows” someone that made bank with either youtube, selling some pyramid-scheme product, bitcoins, some collectibles, craft beer, lottery… you name it.Social media (and before that was TV) is selling us the idea that there’s a shortcut to becoming rich, you just need to find it, hustle, and you will become one of the rich persons.
That’s also why there’s so much cult of wealth and billionaires.
That said, a large portion of Millennials and after them have a rather negative view of billionaires and are rather skeptical of becoming rich, or even becoming home owners.
The worst one is Real Estate agent. Oh god I hate them so much.
Something like “Temporarily inconvenienced billionaires” I think?
This has been studied, and the ‘temporarily embarrassed millionaires’ idea is actually wrong.
The real reason is because some people (especially conservatives, because it’s a core part of conservative ideology) believe that in order for society to work, a hierarchy must be maintained wherein the ‘deserving’ are at the top, and everyone else is in their rightful place. Any threat to the natural hierarchy will undo the societal order and bring chaos and carnage.
This is why Obama becoming president was such an affront – because his presence outside his ‘rightful place’ was an existential threat to the natural order.
This belief has its roots way back when feudalism began to fail and the moneyed classes needed to find a new way to retain their power – both capitalism and conservatism were born at that time, with ideologies shifting from birthright to ‘earned’ status, which enshrined the haves and have-nots into literally sacred structures of meritocracy and social darwinism, and colonialists specifically fostered strict adherence to the social order. It became ingrained culturally that adhering to your station, whatever it is, is crucial for society to function. That there’s honour in being a cog in the machine, and that not accepting your lot in life is a danger to everyone. (eta: this is mostly subconscious, but you can see it if you ask ‘why’ enough times of someone who idolises Musk, for example. You’ll eventually whittle them down to these themes.)
That’s a nutshell view of a complicated topic, but these people don’t believe they’ll strike gold one day. They believe people who are rich deserve to be treated as kings, for the same reason monarchist peasants did.
Any pointers where I can read more about that?
One place to start is this article from the Stanford Encyclopaedia on Philosophy: Conservatism.
It’s a lengthy read, but enlightening.
One highlight from the summary:
Most commentators regard conservatism as a modern political philosophy, even though it exhibits the standpoint of paternalism or authority, rather than freedom. As John Gray writes, while liberalism is the dominant political theory of the modern age, conservatism, despite appealing to tradition, is also a response to the challenges of modernity. The roots of all three standpoints “may be traced back to the crises of seventeenth-century England, but [they] crystallised into definite traditions of thought and practice only [after] the French Revolution” (Gray 1995: 78)
I recommend reading the sources linked in that article, as well.
eta: It’s worth noting that societies worldwide often see a resurgence in conservatism in response to social change, crises, and civil rights movements, which are without fail a fear response to threats to the social hierarchy. We can see this in real time.
Because it’s easier than defending socialism or communism
That’s only because capitalists are deaf to reason and demonstrable facts.
Okay lil bro 😆
The “Capitalists are stupid and anticapitalists are smart” comments are so adorable lollll
The Post apocalyptic nature of alot of media makes me think that people can more easily Imagine the fall of human civilization then we can a better world where everyone’s needs are met.
To the 1%, losing all your wealth and power be an apocalypse, so it is in their best interests that everyone would be thinking the same as well. No matter how much better we all would be together otherwise.
