This is a secondary account that sees the most usage. My first account is listed below. The main will have a list of all the accounts that I use.

henfredemars@lemmy.world

Garbage: Purple quickly jumps candle over whispering galaxy banana chair flute rocks.

  • 7 Posts
  • 1.06K Comments
Joined 2 years ago
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Cake day: July 4th, 2023

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  • We absolutely have a plutocracy, not a democracy. We live in a system of government where money is the same as speech, votes, and power. Not human beings. The money votes and the money always wins. Money is represented above all else.

    Capitalism easily leads to this exact situation. Some people believe that it’s the inevitable result that capital erodes regulation, but I don’t think it’s necessarily so. It depends on whether the political system remains strong enough to represent the public interest instead of the concentrated interests of wealth. When democratic institutions are healthy, regulation can evolve alongside capital to preserve fairness and competition. It’s our responsibility as voters to preserve it. But, when they weaken or become captured, capitalism naturally tilts toward monopolies and self-reinforcing power, which is the situations that we have today. It’s very difficult to come back from that, so there’s a massive and scary temptation to throw out the idea entirely and give communism a try.

    I’m a pessimist. I think voters are too stupid and lazy to fix this problem until they are literally starving. I’m also a believe in that words should have meaning. Is capitalism the reason America is sick? Not exactly. It’s a vulnerable system that like everything else has rotted to the core when you don’t take care of your country.



  • I feel our core problem today is concentration of wealth and power. I think many layman calls this concentration and abuse capitalism in the same way that many people call any kind of social service communism.

    Now, I personally believe that this is the end result of capitalism due to regulatory capture, and that capitalism is inherently unstable without a resilient regulatory framework to keep the system working. Still, I’m not sure that the term capitalism is perfectly fit for our situation today. I like the concept of a free market, but we don’t have a free market. We have a market where the rules are set by the big players to their maximum advantage.

    Extreme and rapidly accelerating wealth inequality will be the death of us if climate change doesn’t kill us first.