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Why are folks so anti-capitalist? (programming.dev)
submitted 3 years ago by 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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[โ€“] 118 points 3 years ago (9 children)

The income gap between executive and median salary employees is around 32,000%. I guess the question is, what planet do you live on where a system that allows for this kind of inequity is okay?

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  • [โ€“] 38 points 3 years ago (2 children)

    There are countries with way better CEO to work pay ratios. But in the USA we act like it's totally normal to have these huge wealth gaps, when in reality they are recent phenonemon and the only other era they were repeated was the gilded age which resulted in a decades long depression that was only ended by a world war.

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  • [โ€“] 40 points 3 years ago

    A CEO earns 354x the income of a normal worker in the US. It's really insane what happens over there. I'm really glad a CEO in Germany only earns 154x the income of a normal worker, much more fair over here!

    I'm kidding, we are all fucked. US citizen say a ratio 6.7 would be justified, Germans say 6.3.

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  • [โ€“] 4 points 3 years ago (4 children)

    This any many other issues with capitalism could be solved with better legislation and regulations.

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  • [โ€“] 1 point 3 years ago

    But then that's not capitalism. Capitalism is making as much money as possible unrestricted as much as possible. If you start doing things like putting a maximum wage in, or taxing the highest earners and giving back to the lowest, that's socialism.

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