this post was submitted on 04 Oct 2024
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I wish more people who claim they support capitalism realized this. Capitalism even sabotages those businesses.
It starts off with something that only hurts people (no big deal, right?) like suppressing pay and hiring as little people as possible (if anyone at all) so no jobs are being made of course this is all in the name of MuH eFfIcIeNcY.
Then the business itself suffers. How many smaller businesses like local cafes could have opened second or third locations in their local area if rent wasn’t so damn high? All the jobs that could have been created are gone. Quality products? Sorry but that would be bad for shareholders? All the people porky hired? He’s laying off all of ‘em, he’s richer than ever he just doesn’t need that many workers! Time to replace everyone with AI or my friends and family!
TL;DR: Rent seeking is a disease that kills what little fun there could be found in capitalism.
One of their main problems is never thinking correctly in the aggregate. It is "good" and "efficient" for a single isolated company to exploit its pool of labor in this way.
But in the aggregate, it is as self destructive as the paradox of thrift.
With less and less going to more and more people, there become less and less consumers to prop up the machine. And it starts to collapse under its own stinking putrescence.
Come to think of it, I think porky is beginning to anticipate this. I went shopping the other day and I couldn’t help but notice how many posters and books at the book store advertised about how they will help “your business”.
I’ve tried to go to some open networking events to see if I could BS my way into a job, and some of the conversations seem to discuss a future where EVERYONE is their own small business owner and we have abolished the “worker”. I’m guessing the millions who couldn’t beat the odds have starved to death and the rest of human history is the rich selling to each other. And this is all seen as a good thing.
That's the Neoliberalism™
https://harpers.org/archive/2016/04/nor-a-lender-be/
I don't remember this ever not being the case. Even when I was little back on the 90s, everyone's "dream job" was owning a small business. If you didn't own your own """"small"""" business, you'd better be a doctor or something because otherwise you were seen as "unsuccessful."
It's constantly reinforced. As I got older and looked into how businesses were built, I ended up turning into a commie because there was no way to own a business without doing unethical, ghoulish shit. Even though those methods may not be illegal, you aren't getting ahead without destroying other people's lives.