
So funny you included capitalism too😂 we’re not allowed to mention the economic system our country has thrived under for 250 years? I don’t see anyone that wants to restrict vocal support of socialism or communism, why are you all so anti free speech. If capitalism is so bad, then let people think and decide for themselves via our normal democratic processes and not speech restriction.
In my opinion no matter what system you use it will crumble if you have a corrupted government that only care about personal gain. When we are In power it is our responsibility to actually put regulations on how much power companies can have, stop lobbying, stop politicians from buying or selling stocks while in office, and actually use our tax dollars for universal healthcare and things that actually benefit the American people
Please explain how racial segregation (not slavery) contributed to the US GDPs expansion. Slavery obviously impacted our growth over time, but racial segregation is literally a growth deterrent. We’re not “reliant” on slavery in prisons for our economic strength too, you think prisoners are laboring more than working in the commissary or library? You’re just mad that the US has historical wrongdoings, but conflating segregation and prisoners with our economic success is incorrect.
Capitalism is a system that will collapse even without corruption, or rather it creates corruption, when money is the most important part of life it is inevitably going to corrupt individuals and organizations. On top of that, all countries in the global north benefit from the exploitation of the global south (cheeky global south reference); all of yall in northern europe love to act like youve got it all figured out cuz the exploitation doesn’t happen on your soil
I can’t really agree with you. For example the quality of live for Switzerland and Scotland are ranked really high and they have many different programs such as cheap/ free universities, healthcare and even government assistance if you are unemployed. America just genuinely have a greed problem since we view money as God, this even ties into who you can date since if you aren’t making a certain amount many people wouldn’t look at you. America has just fallen because of horrible government
But I do think some things people should and shouldn’t own, if you want to own a little mom and pop shop and sell stuff or a social media company then that’s fine, but when it comes to banks I do not think it should be privatized since banks/hedge funds in America genuinely have the power of God almost
There’s a reason why the Fed is a separate form the rest of the government as possible. You can see it with Trump. Politicians try to force the Fed to make decisions that will make them look good, even if those choices would hurt the economy. For example: lowering rates during high inflation. Making the financial sector government-owned would make the problem 10x worse. Privatization reduces the chance of political meddling and incentivizes groups to make sound economic decisions.
That’s true, but I see both the good and the bad in communism and capitalism. Chinas banks are mostly government owned so they can easily fund things that actually benefit the country like high speed railways etc, banks in America like private equity and hedge funds have been destroying this country form the inside out. For example a hedge fund literally seized an Argentina navy ship because Argentina could not pay them, no private company should have the power to literally subdue a nation.
I agree both systems have benefits, but it ultimately comes down to which system incentivizes its citizens the best. Yes, state-owned banks in China have financed infrastructure projects at the behest of the government. However, that same control has made the system vulnerable to politics in ways the American system is not. Chinese banks have seen major detriments (housing bubble, propping up failing state-owned businesses) due to being state property.
I agree, but for example private equity firms have been buying low income hospitals, stripping it of everything it has and then shutting it down which has lead to the death of thousands of US citizens. I think maybe we could keep it private but must regulate them from committing such acts towards the American people for profit
Since American banks aren’t as intertwined with the government as in China, the private financial sector has stronger incentives to make logical economic decisions. After all, the banks will shoulder the burden should they fail, not the government. Of course this doesn’t mean a private financial sector is perfect (see 2008), it just means that incentives for rational capital allocation are stronger in it.
Yea I see where you’re coming from, but the entire US economy is being held up by a single private bank. JP Morgan, which leads to politicians basically doing whatever is in the next interest for these giants, blackrock and other major banks send consultants to Washington and basically controls what happens behind the curtain without people even knowing who they are.
Regarding your claim about the seizure of an Argentinian naval vessel, the ship was seized under court order as debt collateral after Argentina defaulted on the bonds it owed the group. It was later released through legal channels. Claiming that a “private company [has] the power to subdue a nation” is a gross exaggeration of court-approved actions that took place. The group did not exercise over Argentina, it went through Argentinian legal channels to resolve its financial conflicts.
Political lobbying and monopolization is indeed an issue. However, government ownership of the financial sector wouldn’t be a magical cure for corruption. It would simply move the corruption inside the government where politicians would make decisions based on what’s fashionable. This represents an arguably greater risk to the economy as capital is allocated based on political, not economic, merit.
Stuck the nail on the head. Unfortunately many people use the current system as a scapegoat for everything that’s wrong without addressing the underlying reasons why. They fail to recognize that often, the reasons why capitalism is faulty are the same reasons why communism or socialism fail.
I definitely agree the US has a greed problem that you wont see in Europe, and Im also not denying that these socially democratic countries arent providing a higher quality of life to their citizens, cuz they are, Im just saying thats still ultimately at the expense of people in the global south, they are all closely aligned with the US and other major imperial powers
you’re correct in that executive orders do not override the constitution, but you’re intentionally ignoring the fact that this administration is actively setting records for violations of court orders. my point, that you so painfully ignored, is that they’re actively infringing upon the first amendment via the targeting and unconstitutional surveillance of individuals purely on the premise of political ideology, gender identity, and dissidence in general.
I did not conflate segregation and the prison system, I related *slavery* and the prison system as the 13th amendment explicitly allows for slavery to constitutionally occur as punishment for a crime. so, legally, prisons are able to enslave prisoners; and functionally, private for-profit prisons are documented to coerce prisoners into a form of wage-slavery paying them cents on the dollar per hour. it seems like *you* are just deluding yourself in regards to the current wrongdoings our
You’re honestly gonna sit there and say you never said that after responding to my comment, about economic growth, and saying your comment that we were “reliant on literal slavery and segregation until 60 years ago” wasn’t about being reliant on segregation economically? Then what are you talking about? My comment was about the country’s economic growth over the last 250 years under capitalism. Pointing out that segregation happened doesn’t really impact that argument.
I feel like I’m being punked like you’re purposefully misreading my comments 😭 just realized in your second comment to me you claimed I said you were conflating segregation with the prison industrial complex, while the comment says “conflating segregation and prisoners WITH our economic success is incorrect”
because you’re trying to glaze the United States and capitalism as if this economic growth happened in a fucking vacuum you imbecile. I was not explicitly stating that we were reliant on segregation economically, my point was more so about slavery; but don’t act as if we did not use segregation as a means of exploiting every non-white person in this country, economic gains being part of that reason also, I wonder why you’re fixating on segregation specifically and not really addressing the
I agree that they are. I’m very anti-surveillance and dislike many current day developments. I didn’t vote for Trump, so I’m not like cheering for them to keep persecuting leftists and lgbtq. Trump talks a lot but he’s one blip in our history and I trust that when his term passes free speech will strengthen in this country.
oh I apologize then I definitely misinterpreted this part of your previous comment; in hindsight I can see that you weren’t saying that I was conflating segregation and the prison system, I think I responded a bit too fast earlier and didn’t fully process the comment you sent. That’s entirely my fault, and I apologize. I do stand by my recent point about segregation, but yeah I fucked up a bit earlier and I’m sorry for that.
I’m not contesting the topic of slavery since that obviously was a contributor to the US’s economic growth. Slavery was around for approximately 100 years, it didn’t found the modern day computer. Or boeing. This economy was built more on capitalism than slavery. Segregation and the current day prison industrial complex are detractors to economic growth. The argument that we kept them around for economic growth is just dumb. More productive people = more growth, you think the government wants