No, it is not. It is brutal in many ways. But that it is not. Neither is socialomswor communism.
Pyramid schemes are zero-sum. I steal and gain, you lose. Capitalism and even communism are not zero-sum games. They are net-positive. They involve people making goods and services for others.
Pyramid schemes don’t have to be zero-sum. All you need are assholes at the top trying to suck up as many resources as they can. Imagine the shape that makes.
They’re zero sum because money is being exchanged, but the person losing money isn’t getting anything in return for the exchange. Someone is just stealing from someone else (one person loses, anotber gains). No matter how many people are added to the scheme the mechanics remain the same.
An economy, be it a capitalist or communist one, involves the exchange of money but in exchange for goods and services. Both parties of the transaction gain from it.
Now, it could be argued that the wrong people gain the most from capitalism. That’s another argument. But the system isn’t zero sum, the way a ponzi scheme or a pyramid scheme is.
To all your guys huffing and puffing, I’m not passing moral judgment (here) about communism or capitalism. I’m just saying that any economic system involving trade is not zero sum the way a Ponzi-scheme is.
Except people are getting fewer goods and services while paying more money. For some, they’re already at starvation wages even when working full-time and they have to dip deeply into credit just to survive.
You’re not wrong there, but just to provide a more accurate number for what’s currently happening, inflation of the cost of groceries was 11% from 2021 to 2022. It is expected to continue to be high throughout this year with an estimate between 5-10%.
Incredible that you can say that seriously. Human development and civilization causes ecosystem destruction. The particular economic system may affect the specifics of how this happens not whether or not it does.
Capitalism means always looking for more profits. Endless efforts of private owners to expand and increase their profits leads to the perpetual circle of suproduction and overconsumption which destroy ressources and ecosystems.
This particular system is the main reason it’s happening.
Do you honestly think a communist or socialist society which is wealthy would be any healthier for the environment than a capitalist one that is also wealthy?
We have been destroying the planet long before economy was a concept.
A socialist or communist society could be healthier. Not saying it automatically would be. The only people theorizing a sustainable economy are on the (far) left though.
And the last 50 years proved that sustainability is impossible in a capitalist system. It hinders profits, and the basis of capitalism is: always more profits.
Well… no. It never was. Even the USA is highly intrusive and protectionnist. Also, state capitalism ? In you other responses you talk about China like it’s not a capitalist country. China is the main example of state capitalism.
I think you are confusing capitalism with something else.
The wikipedia article is a good start if you are interested.
No, it is not. It is brutal in many ways. But that it is not. Neither is socialomswor communism.
Pyramid schemes are zero-sum. I steal and gain, you lose. Capitalism and even communism are not zero-sum games. They are net-positive. They involve people making goods and services for others.
Pyramid schemes don’t have to be zero-sum. All you need are assholes at the top trying to suck up as many resources as they can. Imagine the shape that makes.
A hexagon!
They’re zero sum because money is being exchanged, but the person losing money isn’t getting anything in return for the exchange. Someone is just stealing from someone else (one person loses, anotber gains). No matter how many people are added to the scheme the mechanics remain the same.
An economy, be it a capitalist or communist one, involves the exchange of money but in exchange for goods and services. Both parties of the transaction gain from it.
Now, it could be argued that the wrong people gain the most from capitalism. That’s another argument. But the system isn’t zero sum, the way a ponzi scheme or a pyramid scheme is.
To all your guys huffing and puffing, I’m not passing moral judgment (here) about communism or capitalism. I’m just saying that any economic system involving trade is not zero sum the way a Ponzi-scheme is.
Except people are getting fewer goods and services while paying more money. For some, they’re already at starvation wages even when working full-time and they have to dip deeply into credit just to survive.
deleted by creator
Yet costs for the masses are increasing beyond the official inflation numbers.
deleted by creator
You’re not wrong there, but just to provide a more accurate number for what’s currently happening, inflation of the cost of groceries was 11% from 2021 to 2022. It is expected to continue to be high throughout this year with an estimate between 5-10%.
https://www.gao.gov/blog/sticker-shock-grocery-store-inflation-wasnt-only-reason-food-prices-increased
If we take into consideration the destruction of the ecosystems necessary to sustain human life, capitalism is a net-negative.
They draw the box around the part that is a net positive.
The destruction of the Commons is not accounted for.
The impacts outside their box are not accounted for.
Before Capitalism Humanity drove mammoths into exctintion, and that was a hunter-gatherer society.
https://www.earth.com/news/humans-drove-woolly-mammoths-to-extinction/
What I mean with this is that the effect of humanity in the environment is an human issue independent to the economic system issue the humans use.
deleted by creator
That’s the tragedy of the commons, and you’ll find it’s true for basically every possible societal organization.
the tragedy of the commons was a bit of British aristocrat propaganda to take the land peasants worked…
Incredible that you can say that seriously. Human development and civilization causes ecosystem destruction. The particular economic system may affect the specifics of how this happens not whether or not it does.
Capitalism means always looking for more profits. Endless efforts of private owners to expand and increase their profits leads to the perpetual circle of suproduction and overconsumption which destroy ressources and ecosystems.
This particular system is the main reason it’s happening.
Do you honestly think a communist or socialist society which is wealthy would be any healthier for the environment than a capitalist one that is also wealthy?
We have been destroying the planet long before economy was a concept.
A socialist or communist society could be healthier. Not saying it automatically would be. The only people theorizing a sustainable economy are on the (far) left though.
And the last 50 years proved that sustainability is impossible in a capitalist system. It hinders profits, and the basis of capitalism is: always more profits.
deleted by creator
Well… no. It never was. Even the USA is highly intrusive and protectionnist. Also, state capitalism ? In you other responses you talk about China like it’s not a capitalist country. China is the main example of state capitalism.
I think you are confusing capitalism with something else.
The wikipedia article is a good start if you are interested.
deleted by creator
deleted by creator
deleted by creator