this post was submitted on 20 Jul 2023
393 points (100.0% liked)

Asklemmy

1454 readers
60 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS
 

Hi all,

I'm seeing a lot of hate for capitalism here, and I'm wondering why that is and what the rationale behind it is. I'm pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn't the right forum for a political/economic discussion-- I'm happy to take this somewhere else.

Cheers!

you are viewing a single comment's thread
view the rest of the comments
[โ€“] greywolf0x1@lemmy.ml 4 points 1 year ago

Being removed from reality is a form of insanity itself.

A lot of people die from hunger daily in my country and different parts of the world. If you're speaking about growing wealth in developing countries, you should go look at the people holding these wealth, most times, it's an even smaller group of elites than in the USA.

Capitalism is wielded in a much worse manner in underdeveloped and developing countries, the elite and people in power don't care about the citizens, they want to hoard as much wealth as they can and they would do so in any way they can. What's worse, they take these wealth to already wealthy countries to further develop them while intentionally destroying theirs. Your should follow the flow of wealth from the global south to the north the west in particular.

Yes, in these countries there's a growing middle class, but what can they buy or do with the little wealth they hold? They're stuck in an endless struggle against totalitarian governments who are themselves stooges to global neocolonialist and imperialistic countries powers like the USA and European countries.