The point of capitalism is that the aristocracy hated the idea of having to work for their money, like the rest of us. So, they came up with a system so brilliant that the rest of the population had to be starved, dispossessed of their land, branded, imprisoned whipped and sent to workhouses until centuries of generational trauma knocked the fight out of them.
It was never about utopian efficiency, although it is touted to be the benefit now. The problem is, people don’t realise that the “inefficiency” they look to do away with is all the people below the top having more than just enough to live on. We have nations of workers who have been convinced that they should run their countries as if they were shareholders of it.
the point of capitalism is to make it so that there’s no longer a reason to have profit.
That’s gotta be the stupidest take I’ve seen in the whole 28 days I’ve been in Lemmy, congratulations. The whole point of capitalism is the revalorization of capital, i.e., a capitalist owner having $1mn, and investing it into a company or finance or housing to turn it into more than $1mn. In what universe is the objective of capitalism to eliminate profit??? It’s the polar opposite…
The whole point of capitalism (unintentionally?) is to make everything so efficient that there no longer is a reason to have profit.
The point of capitalism is that the aristocracy hated the idea of having to work for their money, like the rest of us. So, they came up with a system so brilliant that the rest of the population had to be starved, dispossessed of their land, branded, imprisoned whipped and sent to workhouses until centuries of generational trauma knocked the fight out of them.
It was never about utopian efficiency, although it is touted to be the benefit now. The problem is, people don’t realise that the “inefficiency” they look to do away with is all the people below the top having more than just enough to live on. We have nations of workers who have been convinced that they should run their countries as if they were shareholders of it.
And they call socialists utopians.
That’s gotta be the stupidest take I’ve seen in the whole 28 days I’ve been in Lemmy, congratulations. The whole point of capitalism is the revalorization of capital, i.e., a capitalist owner having $1mn, and investing it into a company or finance or housing to turn it into more than $1mn. In what universe is the objective of capitalism to eliminate profit??? It’s the polar opposite…