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Why are folks so anti-capitalist? (programming.dev)

submitted 1 year ago by o_o@programming.dev to c/asklemmy@lemmy.ml

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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!

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[–] sic_1@feddit.de 6 points 1 year ago* (last edited 1 year ago)

I get the impression few people understand was capitalism even is. Capitalism isn't "free markets", even if it claims to be. It's the reign of the wealthy at the cost of the poor. Markets and market mechanisms are fine and very useful if guided by proper rules but those have been eroded for centuries now to create a new kind of feudalism, only with rich people instead of nobles at the top. That's what capitalism is.