"Capitalism is why there are six empty houses in this country for every homeless person. Capitalism is why we waste 40 percent of our food. Capitalism is why 200 species went extinct today. Capitalism is why we go to war for oil. Capitalism is why your kid is going to die in a water riot."

submitted by EndlessSunflowers from (self.LateStageCapitalism)

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[–]magnora7 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (4 children)

I would personally blame greed more than capitalism. Communism was also ridiculously inefficient and put hundreds of millions in poverty.

It's a human problem, not an economic model problem. The lack of justice for the common man is what they all have in common.

[–]FormosaOolong 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (2 children)

What I think of as the key problem with capitalism is that it commodifies things that should never be commodified, such as water, health care, the justice system/policing/penal code, housing, clean air, and -- dare I say it -- energy.

At the core of this faulty commodification paradigm is really that it is all built on a platform of benefit-of-the-few, rather than benefit-of-the-entire-natural-system. So here I don't reference any other system, like communism or socialism, bc any human system thus far has failed to be founded on solid principles that understand the nature of Reality itself.

[–]Drewski 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

With the exception of the justice / police system, all those things have to be a commodified if you want an efficient and functional economic system. The human element in a mixed or command economy always results in rampant waste, inefficiency and shortages due to a lack of available inputs, no immediate corrections, and/or corruption.

[–]FormosaOolong 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Oh I make a distinction between spending money to provision things, and commodifying them, as in privaizing/publicly trading/quarterly-profiteering them. This is a key distinction, imo. When a CEO is making US$24million per annum to maintain a system that sells water back to us at a profit, something is amiss.

[–]qx4chenxp 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Kill all humans.