tl;dr - true capitalism results in economic singularities and infinite wealth for everyone. that’s why i like capitalism as a leftist.

to get us started, my definition of capitalism is “unregulated competition”.

i ask because… …i really like capitalism. but i’m a leftist.

i am someone who has been called numerous 6 letter words my entire life by people who think i’m a socialist or communist. but i’m really not.

it’s funny really, those calling me a f##### can’t handle real competition. especially at this point in a planetary species’ development. where nimbleness, flexibility and cooperation among economic partners is more profitable than most government intervention. obviously.

government is meant to ensure security, authenticity and veracity of economic claims. not limit markets with patents or unreasonable prohibitions.

i think authentic capitalism is wonderful and the ideal choice for a free society.

  • Beacon@fedia.io
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    1 day ago

    true capitalism results in economic singularities and infinite wealth for everyone.

    No it doesn’t. I have no idea where you came up with that thought, but it’s totally incorrect. And that’s the entire fundamental basis of your concept, so everything else stemming from it is incorrect too

    So your opinion isn’t even wrong, because it’s an opinion about a non-reality

      • Beacon@fedia.io
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        Yes, the end result of unregulated capitalism is always power getting concentrated into a handful of individuals while the rest of the planet’s billions of people are effectively in poverty and powerless

  • Triumph@fedia.io
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    Your definition of capitalism is wrong.

    Capitalism is where an ownership class possesses the means of production, a labor class which operates the means of production is undercompensated, and the amount by which they are undercompensated is passed to the ownership class.

    “Unregulated competition” is libertarianism, which is just the shitty cherry on top of capitalism.

    Nothing you’ve said is at all “leftist”.

  • Jack_Burton@lemmy.ca
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    1 day ago

    I don’t know where you got your definition of capitalism “results in economic singularities and infinite wealth for everyone”, but it’s wrong. The West is currently in late-stage capitalism, which is always the outcome of a capitalist system: wealth and power gets consolidated into the hands of the few, while the many suffer.

    The term “leftist” can best be described politically, as supporting the political left. The problem with that term currently is that it’s used to define non-political ideology as well, like social aspects such as empathy/sympathy. I’m unsure where you stand when you call yourself “leftist” so it’s hard to say if your definition can mix with capitalism.

    Fundamentally, in my opinion no, enjoying capitalsim is supporting a system that inherently causes inequality, wealth gaps, and the concept of profits over people, which are the opposite of a standard definition of “leftist” beliefs no matter how you define it.

    My question to you is, would you still blindly support capitalism if you were one of the many who didn’t benefit from it?

  • MotoAsh@piefed.social
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    2 days ago

    Depends what you mean by, “enjoy capitalism”.

    Enjoy being able to buy what ever you can afford even if it’s something silly that you don’t really need? Sure. Also wholly possible under many other economic systems, because “capitalism” is not simply using money.

    Enjoy it in that you enjoy stealing value from employees and getting unjustly rich off of their labor?

    Not so much.

  • Cruxifux@feddit.nl
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    1 day ago

    What’s your definition of capitalism? What exactly is it about capitalism that you enjoy that is specific to capitalism?

  • cuboc@lemmy.world
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    Where are you from OP? Right-left is a spectrum. There is nuance. Where I live, polarization is a problem, due to some far right fuckers holding our politics hostage. Any nuance is immediately derided as being ‘far left’.

    There’s contexts for the left-right sperctrum, like social, economic or cultural. To throw in a few crude generalizations: social leftists are for a more equal society for the rich and poor alike with equal chances in terms of education, affordable housing and medical care. Cultural leftists are more open to foreign influences like migrants and niche cultural stuff and economic leftists lean toward a more honest economic structure with more government regulation on big corporations.

    So it is perfectly possible to be culturally / socially left-ish, but economic right-ish.

  • ruuster13@lemmy.zip
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    If your friends always play Monopoly and you get dragged into it, do you refuse to have fun on principle? Or do you choose to have a blast with your friends, occasionally chuckle at the game’s shortcomings, and indulge in exploiting some of its weaknesses to ensure you come out on top? (That last one is optional and depends on you getting assigned to play the banker)

  • abbadon420@sh.itjust.works
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    Yes, politics isn’t a binary system. It’s a spectrum. There’s multiple dimensions. For each of them you can have your own opinion. I dare say there are no two people with identical political profiles.

    Some dimensions are (source chatgpt):

    • Left / Right
    • Authoritarian / Libertarian
    • Progressive / Conservative
    • Globalist / Nationalist
    • Populist / Elitist
    • Revolutionary / Reformist
    • Environmental (Ecologist) / Industrial (Productivist)
    • Rationalist / Romantic
    • zout@fedia.io
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      You can even vary within a dimension depending on the topic, for instance globalist on environmental topics but otherwise nationalist.

  • Zwuzelmaus@feddit.org
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    1 day ago

    Difficult. Very difficult to enjoy any capitalism, because there is hardly any capitalism left on this planet.

    (See: Techno-Feudalism)