I’m the chimney sweep now!
this post was submitted on 09 Jan 2024
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The point is that capitalism prioritizes profit, not the welfare of people. This is only not done anymore because of regulation, not because capitalism was fixed. It can't be fixed. The target goal of capitalism is wrong. Profit does not optimize for innovation, welfare, happiness, or anything else that could be called good. It will always exploit people as much as it can, and it just happens to not exploit children (in the western world (legally)) because we made it not allowed, and disobeying that law would be less profitable.
Seems like regulations are the fix.
shouldn't we come up with a system where the core values don't need regulation. it becomes unthinkable to exploit children not because of regulation and enforcement but because the system in itself denies power to exploiters.
Sure would be nice, but such a system seems to be fundamentally incompatible with human nature and reality.
Seems to be? On what grounds? Do you think humans have a built-in mystical flaw that turns them evil if they share tools?
Thinking that there could be a system that doesn't require regulations that have to be enforced is just very naive.
Yes and no. Capitalism requires huge amounts of regulation to not destroy itself, and a system with considerably less regulation could exist if the Workers could represent themselves via ownership.
as if human nature is set in stone but i love the reality argument, as if capitalism is somehow a realistic functioning system. for sure a dreamed up notion of capital is 100% real and not the machinations of generations of trial and error(still on going btw).