trendsetter37
The Living Force
In general, I tend to view capitalism as a framework to provide value to a multitude instead of just for yourself and/or nuclear family. It is possible to be an entrepreneur with the aim of putting the customer first. Yes, you are compensated but at some point this can very well be an example of serving self through others, i.e. STO. Surplus funds after a lifestyle upgrade very rarely end up going towards increasing creature comforts past a certain point. The rest is usually re-invested into other projects or business ventures that will provide more value to others. That is in fact how they remain wealthy. Atleast that's what I've been able to glean thus far.
I'm sure we are all familiar with the lottery winner archetype. Someone hits it big and there life takes a turn for the worse along with going bankrupt in a few years. In those cases the spend money only on themselves until it runs dry. In contrast, a" self made" millionaire continuously puts their money out their. They have their money work for them and more often than not they are providing value to someone. To me, these scenarios point to one's mindset being the determining factor.
IOW if some people (looking at you Alexandria Ocasio-Cortez) think the ultra-rich are similar to Scrooge McDuck swimming in a pool full of gold coins. No, I don't think that's the case based on some acquaintances I've rubbed elbows with here and there. Usually a "net-worth" is really the value of a profitable business or assets rather than having a huge lump sum just sitting in a bank account doing nothing.
Additionally, huge monopolies are used as the example of "what capitalism creates" but in reality that is a small subset of capitalists. There are many more businesses that fail because they are not providing value or ignore customer complaints. There are even more that may take in $100 million or more which are seemingly unknown and yet have reached that point by providing value to a large populace.
So in short capitalism, imo, is a framework where you still have a choice in how you participate if you so choose. I don't think it's productive to point the finger at an economic framework to remediate ponerology.
I need to borrow this for a second @Beau
Admittedly, i'm more bullish on capitalism and did have an "Eww socialism" moment as well. That being said, I totally understand people generally shouldn't suffer needlessly or live in a constant state destitution. But at what point are we vying to re-architect the school? There are probably certain lessons to be had in a state of poverty that you couldn't get elsewhere. There's also the possibility of showing empathy for the poverty-stricken and even somehow working your way out of a sticky financial situation that wouldn't exist otherwise. It could be that there are many "other" worlds that contain some of the desired financial environments mentioned here but we didn't incarnate there and most likely we had some say in that imo.
Is it? That's an arbitrary figure which could be a factor of scale rather than something being inherently wrong or pathological. If you provide a service by way of the internet, your audience is huge. It simply doesn't take some mega EvilCorp to reach those figures. Further the skills needed to pull that off can be learned on the internet. We live in a different world compared to even 10 years ago. Given that, the barrier to entry becomes that of constant effort and learning new skills. I'd say most could do that even with a family.
There is such a thing as supporting local for the sake of local or because you have rapport. That's still a free-market. Also markets are not a uni-dimensional construct that abides by profit alone. In you're example there is social bond. However, you can sell something identical to another company in the same sector and provide superior customer service and actually pull customers away from a goliath competitor.
Lastly, and this has been said multiple times already, an ideal situation probably includes aspects from different systems without going to extremes. The argument that scale could dictate which system is optimal is interesting as well -- I haven't thought of it that way.
I'm sure we are all familiar with the lottery winner archetype. Someone hits it big and there life takes a turn for the worse along with going bankrupt in a few years. In those cases the spend money only on themselves until it runs dry. In contrast, a" self made" millionaire continuously puts their money out their. They have their money work for them and more often than not they are providing value to someone. To me, these scenarios point to one's mindset being the determining factor.
IOW if some people (looking at you Alexandria Ocasio-Cortez) think the ultra-rich are similar to Scrooge McDuck swimming in a pool full of gold coins. No, I don't think that's the case based on some acquaintances I've rubbed elbows with here and there. Usually a "net-worth" is really the value of a profitable business or assets rather than having a huge lump sum just sitting in a bank account doing nothing.
Additionally, huge monopolies are used as the example of "what capitalism creates" but in reality that is a small subset of capitalists. There are many more businesses that fail because they are not providing value or ignore customer complaints. There are even more that may take in $100 million or more which are seemingly unknown and yet have reached that point by providing value to a large populace.
So in short capitalism, imo, is a framework where you still have a choice in how you participate if you so choose. I don't think it's productive to point the finger at an economic framework to remediate ponerology.
I need to borrow this for a second @Beau
Admittedly, i'm more bullish on capitalism and did have an "Eww socialism" moment as well. That being said, I totally understand people generally shouldn't suffer needlessly or live in a constant state destitution. But at what point are we vying to re-architect the school? There are probably certain lessons to be had in a state of poverty that you couldn't get elsewhere. There's also the possibility of showing empathy for the poverty-stricken and even somehow working your way out of a sticky financial situation that wouldn't exist otherwise. It could be that there are many "other" worlds that contain some of the desired financial environments mentioned here but we didn't incarnate there and most likely we had some say in that imo.
I think competition and inequality are just part of life, and if you take socialism to the extreme (i.e. communism/equality of outcome), only bad things will come of it. The question is just "how much is okay"? I think most people don't have a problem if Stephen King or some lawyer working 80+ hours a week earn, let's say, 10 times more than them. But if global capitalists earn 1000 times as much as the average guy, then something is deeply wrong!
Is it? That's an arbitrary figure which could be a factor of scale rather than something being inherently wrong or pathological. If you provide a service by way of the internet, your audience is huge. It simply doesn't take some mega EvilCorp to reach those figures. Further the skills needed to pull that off can be learned on the internet. We live in a different world compared to even 10 years ago. Given that, the barrier to entry becomes that of constant effort and learning new skills. I'd say most could do that even with a family.
Thinking some more about the "free-market": it actually even falls short on the local village level. For example, people may buy at a specific farmer because they enjoy chatting with him, or they know his wife is ill and want to support him etc. even though he may not have the best products at the best price. Or someone buys at a shoemaker becaue the guy's cousin helped him raise his barn etc. It's community-driven. Life just ain't no free market!
There is such a thing as supporting local for the sake of local or because you have rapport. That's still a free-market. Also markets are not a uni-dimensional construct that abides by profit alone. In you're example there is social bond. However, you can sell something identical to another company in the same sector and provide superior customer service and actually pull customers away from a goliath competitor.
Lastly, and this has been said multiple times already, an ideal situation probably includes aspects from different systems without going to extremes. The argument that scale could dictate which system is optimal is interesting as well -- I haven't thought of it that way.