To be a little more exact, capitalism is great, but only if each person has roughly the same amount of money, no matter what they do. That is what you’re trying to achieve with regulations.
Capitalism could be amazing if the psychos of society didn’t constantly rise to the top then again the same could be said for communism and just about every other system we’ve tried.
Doesn’t communism do the same? In fact why the fuck do the crazy psychos rise to the top seemingly everywhere? Is this one of those “nice guys finish last” kinda deals or some phenomenon I’ve never heard of?
It’s because of the concept of successful ambition correlating with the lack of morals or integrity. It just so happens that people ambitious enough to do whatever it takes to rise through the ranks often have to be necessarily immoral to step on people to get to the top.
People who have others’ best interests at heart simply don’t take advantage of the opportunities as often because a number of those opportunities would involve unfairly stepping on someone else.
So to answer your question, yes, ambitious assholes tend to ride faster and further than good people. Kind of like how a large portion of cops tend to be former bullies.
It’s because people are too focused on who controls the capital and not focused enough on what the capital itself is actually doing.
It doesn’t much matter whether it’s controlled by a Capitalist or a Communist if the person controlling the capital is a fucking idiot. Hell, it honestly doesn’t even matter that much if they’re smart, because the actual driver of growth has always been competition, which is only very indirectly connected to who controls the Capital, largely because it’s pretty much always been taken at the point of a gun for all of human history and likely will be for as long as we exist unless we somehow manage to decide on post-scarcity society rather than infinite growth society.
No, the competitive nature of capitalism definitely incentivizes people to do very shitty things to each other for personal gain. Or have you not heard of the Gilded Age? Or our current climate crisis? Or strike breaking? Or the incredible wealth inequality we are seeing today?
[edit] The Irish Potato Famine? The Bengal Famine? Belgium in the Congo? Sweatshop labour? Coups in South America for the benefit of fruit companies? Wars in the Middle East for the sake of oil? Clear-cutting of the Amazon? Any of this ringing a bell?
Can you prove capitalism is the source of any of those problems vs just plain human greed?
If we want to attribute every negative event to it, well what about the positive events? Did it cause the light bulb to be invented, the telegraph, the computer, the printing press, satellites, etc, or was it just the economic system at the time?
Capitalism doesn’t make people greedy, lots of people just are.
Beyond that, you can beat on capitalism all you want but until someone comes up with a viable alternative, it’s what we’ve got.
You can say the same thing about many ideologies: socialism, communism, capitalism. All are great in theory. But humans exploit any system they can. That is their nature and purpose.
OP mentioned how badly the company was managed. So yea, 2017 saw them take a lot of money, go in a hiring spree… and do jack shit to improve the platform.
Fast forward to now and mods used 3rd party apps to do the job that they do FOR FREE, all while Reddit made… NFTs?
That company is so badly run it’s laughable.
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Capitalism is fine as long as people aren’t complete scumbags about it. Rare, I know. It’s a human morality proposition.
Capitalism is great, but it absolutely must be tempered by regulation.
The problem comes when the capitalist gains influence over the regulator, aka, regulatory capture.
To be a little more exact, capitalism is great, but only if each person has roughly the same amount of money, no matter what they do. That is what you’re trying to achieve with regulations.
Capitalism could be amazing if the psychos of society didn’t constantly rise to the top then again the same could be said for communism and just about every other system we’ve tried.
That’s because Capitalism rewards exploitative psychos, essentially by design
Any system has to give a group of people some authority to keep order the crazies will eventually work their way in and ruin it.
Doesn’t communism do the same? In fact why the fuck do the crazy psychos rise to the top seemingly everywhere? Is this one of those “nice guys finish last” kinda deals or some phenomenon I’ve never heard of?
Evil only needs to succeed every now and then, good needs to constantly win.
It’s because of the concept of successful ambition correlating with the lack of morals or integrity. It just so happens that people ambitious enough to do whatever it takes to rise through the ranks often have to be necessarily immoral to step on people to get to the top.
People who have others’ best interests at heart simply don’t take advantage of the opportunities as often because a number of those opportunities would involve unfairly stepping on someone else.
So to answer your question, yes, ambitious assholes tend to ride faster and further than good people. Kind of like how a large portion of cops tend to be former bullies.
It’s because people are too focused on who controls the capital and not focused enough on what the capital itself is actually doing.
It doesn’t much matter whether it’s controlled by a Capitalist or a Communist if the person controlling the capital is a fucking idiot. Hell, it honestly doesn’t even matter that much if they’re smart, because the actual driver of growth has always been competition, which is only very indirectly connected to who controls the Capital, largely because it’s pretty much always been taken at the point of a gun for all of human history and likely will be for as long as we exist unless we somehow manage to decide on post-scarcity society rather than infinite growth society.
https://youtu.be/3eBN_9rMoVI
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Want to say, “Communism” is democratic control of the economy. So ideally there is no “top”.
Using some terms really loosely here to avoid a wall of political theory.
You’re putting the cart before the horse. Capitalism incentivizes people to be scumbags.
So does any other economic model.
That is an absolutely meaningless statement.
As is capitalism incentivizing people to be scumbags, as trendy as that perspective is.
No, the competitive nature of capitalism definitely incentivizes people to do very shitty things to each other for personal gain. Or have you not heard of the Gilded Age? Or our current climate crisis? Or strike breaking? Or the incredible wealth inequality we are seeing today?
[edit] The Irish Potato Famine? The Bengal Famine? Belgium in the Congo? Sweatshop labour? Coups in South America for the benefit of fruit companies? Wars in the Middle East for the sake of oil? Clear-cutting of the Amazon? Any of this ringing a bell?
Can you prove capitalism is the source of any of those problems vs just plain human greed?
If we want to attribute every negative event to it, well what about the positive events? Did it cause the light bulb to be invented, the telegraph, the computer, the printing press, satellites, etc, or was it just the economic system at the time?
Capitalism doesn’t make people greedy, lots of people just are.
Beyond that, you can beat on capitalism all you want but until someone comes up with a viable alternative, it’s what we’ve got.
Capitalism is awful. It’s madeup unequality
You can say the same thing about many ideologies: socialism, communism, capitalism. All are great in theory. But humans exploit any system they can. That is their nature and purpose.
i may get some flack for this but i honestly think reddit had it’s best years when alexis was most involved.
I kind of agree, but it’s also shitty he’s involved with the PGA/Saudis now
Who’s Alexis?
Alexis Ohanian, co-founder of Reddit and married to Serena Williams.
https://www.vox.com/2017/7/31/16037126/reddit-funding-200-million-valuation-steve-huffman-alexis-ohanian
What do you mean?
From 2017?
OP mentioned how badly the company was managed. So yea, 2017 saw them take a lot of money, go in a hiring spree… and do jack shit to improve the platform.
Fast forward to now and mods used 3rd party apps to do the job that they do FOR FREE, all while Reddit made… NFTs?