It kinda does. Do you think people enjoy working for near poverty wages? They don’t. But they can’t afford to say no to poor pay because it’s still better than no pay. If people weren’t worried about becoming homeless they’d demand for higher pays. In that sense capitalism does depend on the threat of homelessness to drive down the wage to make more profits.
But socialism is a stupid inefficient system, so it’s a non starter.
How to say you don’t know anything about socialism without saying you don’t know anything about socialism. I’m going to give you an example of it working on a smaller scale because US kept sabotaging most national attempts to have socialism. Worker cooperatives are socialist and I recommend looking up the history of Mondragon, a successfully ran cooperative for over half a century now.
You guys are really bad at understanding basic economy theory.
It works on supply and demand and assumes that everyone works rationally and with full knowledge.
The invisible hand of the market finding the optimal solution is basically the 0th law of capitalism.
Now economic policy, you’ll be amazed to understand is about fixing inefficiencies that do not allow for optimal conditions. Tonnes of people go learn about what are the issues with capitalism and how to make it better, that’s what economic testing is about. That’s why it’s better than socialism because it’s competitive and strives for change.
If people are forced to work for poverty wages then they are losing their true value and capitalism would be about trying to fix that value. If everyone had UBI that would equate the negotiating position of workers and they wouldn’t have to take poverty wages. That’s why UBI is the capitalist solution to that problem in capitalism. It allows to market to work the way economists want it to work.
Everything you wrote is great in theory. But in reality…
The invisible hand of the market finding the optimal solution is basically the 0th law of capitalism.
Optimal solution for whom? It’s not an optimal solution for me to work 16 hours a day, but it would be an optimal way solution for businesses who want to maximize the work they get out of their workers. It’s not capitalism that got us 8h a day 5 days a week, it was the response to the “optimal” solution that capitalism came up with, which was to work people 16 hours a day, 6 days a week. In a broad sense our current working hours is not caused by capitalism but socialism.
The current RTO wave is another example how capitalism does not find the optimal solution. Research has shown that working from home is just as productive if not more productive than working from office (in addition to being more beneficial for the worker) and yet capital owners are demanding people return to office.
Tonnes of people go learn about what are the issues with capitalism and how to make it better, that’s what economic testing is about. That’s why it’s better than socialism because it’s competitive and strives for change.
Why do you think socialism is not competitive or striving towards change?
If people are forced to work for poverty wages then they are losing their true value and capitalism would be about trying to fix that value.
The wages are not following the inflation and wealth gap keeps growing. The so called “middle class” is eroding into “lower class” as the wealth gap keeps making people poorer. This has been happening for decades. Where’s the fix?
Where’s the fix to climate change that oil conglomerates knew about since the 70s? Oh right, the “fix” was to run a disinformation campaign until the evidence becomes irrefutable and they’re forced of oil, because it was the “optimal solution” for making a profit.
What you’re talking about is the idyllic version of Capitalism where everything is great and capital solves everything, because that’s what’s taught to you. What is not taught is that it’s not how capitalism actually works.
It kinda does. Do you think people enjoy working for near poverty wages? They don’t. But they can’t afford to say no to poor pay because it’s still better than no pay. If people weren’t worried about becoming homeless they’d demand for higher pays. In that sense capitalism does depend on the threat of homelessness to drive down the wage to make more profits.
How to say you don’t know anything about socialism without saying you don’t know anything about socialism. I’m going to give you an example of it working on a smaller scale because US kept sabotaging most national attempts to have socialism. Worker cooperatives are socialist and I recommend looking up the history of Mondragon, a successfully ran cooperative for over half a century now.
You guys are really bad at understanding basic economy theory.
It works on supply and demand and assumes that everyone works rationally and with full knowledge.
The invisible hand of the market finding the optimal solution is basically the 0th law of capitalism.
Now economic policy, you’ll be amazed to understand is about fixing inefficiencies that do not allow for optimal conditions. Tonnes of people go learn about what are the issues with capitalism and how to make it better, that’s what economic testing is about. That’s why it’s better than socialism because it’s competitive and strives for change.
If people are forced to work for poverty wages then they are losing their true value and capitalism would be about trying to fix that value. If everyone had UBI that would equate the negotiating position of workers and they wouldn’t have to take poverty wages. That’s why UBI is the capitalist solution to that problem in capitalism. It allows to market to work the way economists want it to work.
Everything you wrote is great in theory. But in reality…
Optimal solution for whom? It’s not an optimal solution for me to work 16 hours a day, but it would be an optimal way solution for businesses who want to maximize the work they get out of their workers. It’s not capitalism that got us 8h a day 5 days a week, it was the response to the “optimal” solution that capitalism came up with, which was to work people 16 hours a day, 6 days a week. In a broad sense our current working hours is not caused by capitalism but socialism.
The current RTO wave is another example how capitalism does not find the optimal solution. Research has shown that working from home is just as productive if not more productive than working from office (in addition to being more beneficial for the worker) and yet capital owners are demanding people return to office.
Why do you think socialism is not competitive or striving towards change?
The wages are not following the inflation and wealth gap keeps growing. The so called “middle class” is eroding into “lower class” as the wealth gap keeps making people poorer. This has been happening for decades. Where’s the fix?
Where’s the fix to climate change that oil conglomerates knew about since the 70s? Oh right, the “fix” was to run a disinformation campaign until the evidence becomes irrefutable and they’re forced of oil, because it was the “optimal solution” for making a profit.
What you’re talking about is the idyllic version of Capitalism where everything is great and capital solves everything, because that’s what’s taught to you. What is not taught is that it’s not how capitalism actually works.
So it works based on simplifying assumptions that never hold up for real.