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by neonstatic 1 day ago
This endless moaning about "capitalism" is lamentable. You are looking at an oligopoly, degenerated through the mechanisms of American-style democracy, but you attribute it all to capitalism, an economic system, not ideology, because it became fashionable to hate on it during the financial crisis of 2007.
4 comments

> it became fashionable to hate on it during the financial crisis of 2007.

Is it because it's "fashionable", or is it because million of people started directly feeling the adverse effects of it and saw the perpetrators get off scot-free?

It's been 19 years. Since then an entire generation has been conditioned to think that saying something bad about capitalism earns them social points. I have seen it so many times - people, who don't even know what capitalism is, saying they are "fighting to bring it down" just because they think it sounds cool. They should read a bit about bureaucracy (Kafka) and gulags (a variety of authors) to get a hint what "bringing it down" leads to. The very same people are happy to be participants in capitalism if it earns them money.

> and saw the perpetrators get off scot-free?

And your argument is that the reason for that is free market and private property? I would suggest it might be corruption in the political system, which happens to be "a federal republic" (since we are discussing the US).

One man's "fashionable" is another man's "popular for concrete reasons".
Resentment, projection, and scapegoating are all time favorites for concrete reasons.
The core idea of capitalism is that you spend money to make more money. Rich get richer is the basic idea, you invest and those investments make you more. It very necessarily leads to oligarchy when left unchecked.
The core ideas of capitalism are private property and free market, not "rich getting richer".

> It very necessarily leads to oligarchy when left unchecked.

Great, let's not leave it unchecked. Unlike other -isms, capitalism does not need to be treated like an ideology to work. Also, maybe let's not attribute obvious failures of the political system to the underlying economic system.

I mean, America sells the idea that it is capitalism in the flesh, so there is that. Also the endless moaning about "socialism" by the capitalists is just as tiring.

And you sound like a kid, bitching about capitalism has gone on for a long time. Why do you think the US.gov was so anti-communist, they didn't want any competition and so turned capitalism into an identity.