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Most people do not even understand what capitalism is thanks to the term becoming conflated with greed. And as the poll shows, not supporting capitalism doesn't mean supporting socialism.
Most people do not even understand what capitalism is thanks to the term becoming conflated with greed. And as the poll shows, not supporting capitalism doesn't mean supporting socialism.
Earlier quoted context omitted.
alright. I'll bite. I have made almost no money in the past year, and my bank account is nearly zero. I had a relatively middle class upbringing (but for reasons I'd rather not go into) my family is currently bankrupt. Capitalism (in the free markets sense) is great. The problem is that gobs of money are stolen from poor people like me by the government through various processes, the biggest of which is inflation. Th…
If you have a bank account of almost zero, inflation can't possibly be stealing money from you (unless you also have gobs of cash under a mattress somewhere).
In my experience, people who criticize this article are probably benefiting from "capitalism" (the majority of people on here, I reckon, do), meanwhile those struggling from inequality, not being here, will fail to have their voice heard. And so the echo chamber ensues. That being said, capitalism and having things like free healthcare and education are hardly mutually exclusive. So I think the article's conclusion,…
Earlier quoted context omitted.
I can tell you that if you asked the poorest in America if they believed private ownership of property should be illegal in the US they would disagree. Socialism to most Americans is free healthcare and college. Capitalism is lobbying and the abuse of government sponsored monopolies.
Which is unfortunate, because government involvement in business is a socialist idea, not a capitalist one.
What I would like to see is a survey that asks people their opinions on certain characteristics of capitalism, without mentioning the word "capitalism." I think the results would be very different.
Earlier quoted context omitted.
If you have a bank account of almost zero, inflation can't possibly be stealing money from you (unless you also have gobs of cash under a mattress somewhere).
Except that the prices of everything rise every year.
Earlier quoted context omitted.
alright. I'll bite. I have made almost no money in the past year, and my bank account is nearly zero. I had a relatively middle class upbringing (but for reasons I'd rather not go into) my family is currently bankrupt. Capitalism (in the free markets sense) is great. The problem is that gobs of money are stolen from poor people like me by the government through various processes, the biggest of which is inflation. Th…
If you have a bank account of almost zero, inflation can't possibly be stealing money from you (unless you also have gobs of cash under a mattress somewhere).