Specifically, what arguments fail (that support capitalism) due to faulty evidence, misunderstanding of capitalism, lack of knowledge regarding Marxism, etc.?
Probably not the most, but:
“Capitalists are job creators.”
The jobs will exist with or without them.
Well. There are some jobs that like. Aren’t actually real. Instagram influencers for instance. You don’t need somebody wiggling their ass or abs at you and telling you their favorite cereal flavor if the goal is just to sell decent cereal instead of inventing a bunch of wierdass subflavors based on marvel characters to try and get people to buy shit they don’t actually need for way too much money.
I think it’s stupid as much as anyone who’s not gen Z, but to claim it’s not real because it’s not something I can understand is a little boomer-like. Guess we’re doing the whole “everything from my childhood is how it should be and the previous/next generations are stupid/misguided if they disagree” shtick.
Agreed. “Influencers” are making money because people are paying them. So it’s clearly lucrative for some reason that I’ll never understand.
I think their argument is that the job exists because of capitalism and without the driving force of an economy being capital, the role of an influencer is gone.
No its more like. I’m not gonna let capitalism lie to me about whether or not I need five different flavors of cinnamon toast crunch (one of which will specifically target my interests / demographics!) to feel fulfilled.
That’s been going on way since the boomers and at least formally since the ww2 generation.
Telling you that you need all of these #options plus an #attractive celebrity to identify with and tell you which flavor to like is waaay older than anyone still alive now.
my 2c:
that we live in anything approaching an Adam Smith style capitalism at all. The scope of regulatory capture, anticompetitive behavior, cartel building et al in the current corporatist handwave means that prices can never go down, competition can’t really unseat incumbents and so on.
Oh, you about to give me started now.
Adam Smith had another book entirely about morality. The current use of Adam Smith is wrong. Personally, for me, modern economics is a theory of selfishness, but if you go back and read Adam Smith both of the Theory of Moral Sentiments and the Wealth of Nations. You know, he connects morality, educational economics there, they’re connected.
Modern economics says nothing about morality (because it tries to supplant all alternatives entirely), thus justifying all sorts of social ills.
“Having money is nice, I want to have a lot of money because I love spending money, and I want my personal freedom regarding the way I spend my money. I work hard for my money, and so do others. That leads to innovation and progress and is the only way to preserve freedom. Therefore, I support capitalism, and therefore, I am a capitalist.”
Free Market is bullshit…
Capitalism = Freedom. We are slaves to the system, and escape is near impossible.
Capitalism favors the efficient use of resources and labor. Without capitalism, we would not have a smooth and efficient society with the comforts we enjoy!
(I feel icky writing this. Big cognitive dissonance here.)
Monetary value = social value. Capitalists constantly equivocate the two concepts.
“Free markets are the most efficient way of allocating resource resources”
“How do you measure efficiency?”
“I don’t know”
It’s the only system that works
