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by senordevnyc
17 hours ago
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Whether we as a society support those who cannot productively contribute is orthogonal to capitalism. Capitalism itself has nothing to say about what we do with the increases in productivity. You can see this in many developed countries, which have wealth and surplus thanks to their capitalistic markets, but they also have high taxes and a strong safety net. |
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No, it has a lot to say about that. Our system encourages self-interest and maximizing profits, and that is what businesses do. Increases in productivity increase how much there is to skim off the products of said productivity. To them, using it for reasons outside profiteering is an immoral and wasteful. All the biggest players are aligned on this, and they are desperate to get another droplet of productivity by spending their money and power in all the right places. Corruption, favoritism, advertising, propaganda, monopolism (to accrue as much leverage over people and governments as possible). This is the default state that the system leads us to, it's not orthogonal, this is its natural outcome.
The counterexamples are countries that have found ways to counteract this influence in spite of the incentives. Usually it takes the right culture, as well as strong and competent government that looks out for their citizens. Capitalist absolutists rightfully see that all of this hinders their progress, so the fight between the 'make money at all costs' and 'we need to look out for other people' will always continue. If you don't fight it, you get something akin to the modern US.