this post was submitted on 20 Jul 2023
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Asklemmy
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Most people who hate capitalism are focusing in on its evil brother, "unfettered capitalism". UC is a shit show which has created many of the problems we see today and is the unholy unity created when big business and the government combine. When done right, capitalism pushes to lower costs and improve services for consumers. Companies competing is a good thing. Unfortunately the greed of corporations knows no bounds which is when UC enters the picture and fucks everything up.
Has it ever been done right though? A capitalist entity's mandate is to grow itself to extract maximum profit. It is obliged to become as unfettered as possible to achieve that. This is inheritly unsustainable and in conflict with the interests of society and the environment at large.
Which is where laws and regulations step in. People act like capitalism is some kind of lawless world. The CEOs might want that, but no one is saying we have to give it to them.