this post was submitted on 26 Aug 2023
1577 points (97.3% liked)

> Greentext

7550 readers
1 users here now

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] Gnubyte@lemdit.com 13 points 1 year ago (1 children)

Hmm.

I think capitalism isn't the problem nor is liking and consuming a product or experience. We have great products turned into entire experiences here in the US, and I'm not terribly upset anymore about it.

The problem is the late stage unchecked capitalism running rampant. I think allowing individuals the freedom to pursue their ideas and allow others to even build livelihoods from it works great. But there's gotta be checks and balances, its what the USA was founded on.

[–] Rediphile@lemmy.ca 17 points 1 year ago (2 children)

What you are referring to is called socialism. And yes, it's a good thing.

[–] Gnubyte@lemdit.com 8 points 1 year ago
[–] zesty@lemmy.ca 1 points 1 year ago (1 children)

Capitalism with checks and balances is not socialism.

[–] Rediphile@lemmy.ca 3 points 1 year ago

It literally is.

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community

So regulation of the market by the people (aka people democratically deciding where capitalism should be limited/regulated).

If there is another word that fits better though please let me know.