this post was submitted on 20 Aug 2023
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The bias is justified. The left is correct. Markets don't create wealth without necessarily simultaneously creating poverty
For more information, research "surplus army of labor", "primitive accumulation", and "accumulation by dispossession".
Primitive accumulation is a bad term. It works if you've read the theory behind it, but otherwise it sounds like someone saving up a bunch of money then starting a successful business compared to what it is which was colonial genocide, enclosure of the commons, and mass starvation as people were ripped from agricultural labor and cast into the factories and mines to work for feudal lords turned industrial capitalists.
Nuh, uh. Markets controlled by Oligarchs who spend billions to erode social safety nets do. A market socialist economy with strong regulations and systems like a UBI wouldn't create poverty, while still being a market (albeit a very different one to what we have today). Albeit I do think that for many things (like healthcare) having a market of any kind is just dumb.
And where do these billionaires come from? Do they just spring out of the ground?
Oligarchs are a feature of capitalism, not a flaw.
A market with a UBI would simply increase rent by the UBI amount. Markets in capitalism exist to extract wealth, it is what they encourage. Thus they will support those that are best at extracting wealth, which leads to the creation of those billionaires.
I said market socialist. In a market socialist economy there would be no billionaires. Also housing is an absolute necessity, which means it shouldn't be governed by a market at all, no matter the economic system. Only things outside of staple foods, a roof over your head, utilities, drinking water, healthcare and other things absolutely necessary for your continued survival, can (not should) be governed by a market, and one that doesn't funnel money upwards.
Capitalism in any form is absolutely horrible and should not exist.
Also, creating artificial demand should be banned.
There's already one long-ass discussion about market socialism in this thread, so I'm not gonna start another, but glad to hear your perspective!
Well that's just bullshit. Markets have brought more people out of poverty than anything.
Capitalism literally requires poverty to even function.
Lib - "Markets make everything cheaper, which is good."
Leftist - "But if there is a labor market, won't that make labor cheaper?"
Lib - "Yes, and that is good."
Leftist - "How is that good?"
Lib - "It leads to more profits."
Leftist - "But why is it good to have more profits?"
Lib - "Because a good country is when corporations make profits, and the more profits the corporations make, the gooder the country is."
Love to spend insane amounts of resources on creating a phone that has the same tech and capabilities as all the other phones, but I can't just get access to their research and they can't just get access to mine.
Love to spend insane amount of time working up a cure to covid, but I can't share my research with others and they can't share it with me, yay this is awesome.
Love to spend insane amount of resources working out how to make people want to buy a sugary drink and then spend even more to make them want to buy my drink specifically.
Love to build empty houses and love to create 1.21 times more food than we need.
Love to do all this as the world is burning and people are starving.
Capitalism is the most efficient distribution of resources
A third person - "Not necessarily. If the demand for labor is bigger than the supply then markets make labor more expensive.
Leftist - " How is that possible? "
A third person - " There are various ways. Workers could start more cooperatives or invest their savings in new companies"
Leftist - "But why should I care about markets when it is easier to change the political system?"
A third person - "Is it easier?"
Damn this third person never heard about the reserve army of labor, the tendency for the rate of profit to fall, and like all of American history showing the hollowing out of working class power. JUST INVEST YOUR NON-EXISTENT SAVINGS INTO NEW COMPANIES ITS SO EASY. And please how will your worker coop survive in this hellscape with a bourgeois state over it? It will be outcompeted and swallowed immediately by corporations who have no qualms over worker or environmental rights. This isn't china, Huawei (a worker coop) is villified and attacked at every turn here.
You know maybe you have a point, let's be more like China.
No it hasn't, socialist agitation in the teeth of capitalist opposition did that
Without it westerners would still be working 16 hour days seven days a week without any safety nets while dying of lead poisoning
Yeah, but please don't say that too much, we don't want to carry water for the CCP
*CPC
I don't think you got the joke
Yeah it completely wooshed over my head, I thought you were serious
Anything?
Wrong, that would be China, under the direction of the CPC
Deng literally introduced market reforms to do so. This is not the own you think it is
For the sake of simplicity, please enjoy the following meme:
Obviously it is a counterfactual but no serious leftist would say that China without market reforms wouldn't have eradicated poverty, and moreover done it faster and more completely. The seeds of poverty alleviation were planted during the Maoist era; improvement in health, education improvement, and industrialization.
To corroborate your point you can just look at life expectancy in rural communities to see that it rose steadily throughout the Maoist period and then froze during the Dengist reforms
Yes, just like the Irish people who were "helped" by the free market in the 1840s. Or the Indian people who were "helped" by the free market in the late 1800s. You might be interested in this book by the late, great Mike Davis which completely refutes your ideas with hard evidence that the free market can be used (and has been used) as a tool of genocide: https://www.goodreads.com/en/book/show/7859