The Flaws of Capitalism - I want your thoughts

[Konstantine]

I've long theorized on the differences of political theories, what their flaws are, what their strengths are, and the ideas of each. I have especially noted in my studies socialism is always given an instant reprimandation of "this cannot work" or "this will always fail". I have also taken a close look on the works of capitalism, and have noticed it has a number of flaws as well. I want your opinions as to my theorizing, as I am trying to become better and better at said studying.

The Flaws of Capitalsm

Capitalism is the political work theory that can basically be summed up as "to each his own reward". According to one's amount of work, that equals one's reward. Capitalism's features are present in any political ideology, in at least some sort of minor amount. Even in socialism, those who work the hardest will have, at least slightly, more than the others. But what are its flaws?

1. Greed. Capitalism is controlled fully by human greed, the striving to make a profit and earn more. Rather than considering what's good for all, one only thinks of what's good for them. When any sort of overproduction occurs, what do they do with the excess goods? Do they give them to the needy? Do they use them to help the people? No. The goods are tossed away and wasted. Why? Because one cannot make a profit. The high-class rules the society. Bribery, corruption, and other methods of the corrupt utilization of money abound, and the Proletariat most often gets the worst of this problem's reapings.

2. A weak economy. Rather than the wealth being equal, the wealth is given to one clique of people, one ruling class. This is also typically the class of that receives the most corruption, meaning they use the money poorly. Just the same, the taxes we pay go to these imperialistic scum as they tighten the vicegrip on the Proletariat. But what happens if this small group collapses? Everything collapses. The corruption's problems spread down the hierarchy of the classes and eventually break the system entirely. Capitalist economies are very unstable, as they are held at the mercy of a small group of easily-corruptible people. Even honest men and women, ones who WANT the best for the people, can be corrupted. No one is safe from human nature's tyrannical reach.



These main issues, weak economy, corrupted society, and waste, are the problems I've noticed in a large frequency so far. I'd like your thoughts, comments, criticisms, etc..

[Magón]

I agree 95%. Most Capitalist nations have strong economies, mainly because they exploit the workers for all they're worth, and in return gain more. If it was weak, people wouldn't like it. But through exploitation, and corruption, a Capitalist economy is strong, and thus that's why they're world powers now instead of a Socialist one. Though obviously they're weak at the same time, because they heavily rely on those workers to exploit, which if the workers don't work or revolt, the economy goes to hell. So it's kind of a double edge sword.

[Konstantine]

I agree 95%. Most Capitalist nations have strong economies, mainly because they exploit the workers for all they're worth, and in return gain more. If it was weak, people wouldn't like it. But through exploitation, and corruption, a Capitalist economy is strong, and thus that's why they're world powers now instead of a Socialist one. Though obviously they're weak at the same time, because they heavily rely on those workers to exploit, which if the workers don't work or revolt, the economy goes to hell. So it's kind of a double edge sword.

I agree. That's my point, world powers are capitalist becase they don't care to exploit the hell out of the people to further their own gains. Socialism strives to make a peaceful existence for the people, not to win "dickwaving contests" of nations, as they are called.

The problem is in the modern day they belittle the people and coerce them in every way possible to make them think they have no power, but in reality, the common man is the gear that makes the capitalist empires run. If a revolution occurs, the gears stop, and the economy stalls. This is what Lenin saw. The people have more power than they think.

[RedSonRising]

I've long theorized on the differences of political theories, what their flaws are, what their strengths are, and the ideas of each. I have especially noted in my studies socialism is always given an instant reprimandation of "this cannot work" or "this will always fail". I have also taken a close look on the works of capitalism, and have noticed it has a number of flaws as well. I want your opinions as to my theorizing, as I am trying to become better and better at said studying.

The Flaws of Capitalsm

Capitalism is the political work theory that can basically be summed up as "to each his own reward". According to one's amount of work, that equals one's reward. Capitalism's features are present in any political ideology, in at least some sort of minor amount. Even in socialism, those who work the hardest will have, at least slightly, more than the others. But what are its flaws?

1. Greed. Capitalism is controlled fully by human greed, the striving to make a profit and earn more. Rather than considering what's good for all, one only thinks of what's good for them. When any sort of overproduction occurs, what do they do with the excess goods? Do they give them to the needy? Do they use them to help the people? No. The goods are tossed away and wasted. Why? Because one cannot make a profit. The high-class rules the society. Bribery, corruption, and other methods of the corrupt utilization of money abound, and the Proletariat most often gets the worst of this problem's reapings.

2. A weak economy. Rather than the wealth being equal, the wealth is given to one clique of people, one ruling class. This is also typically the class of that receives the most corruption, meaning they use the money poorly. Just the same, the taxes we pay go to these imperialistic scum as they tighten the vicegrip on the Proletariat. But what happens if this small group collapses? Everything collapses. The corruption's problems spread down the hierarchy of the classes and eventually break the system entirely. Capitalist economies are very unstable, as they are held at the mercy of a small group of easily-corruptible people. Even honest men and women, ones who WANT the best for the people, can be corrupted. No one is safe from human nature's tyrannical reach.



These main issues, weak economy, corrupted society, and waste, are the problems I've noticed in a large frequency so far. I'd like your thoughts, comments, criticisms, etc..

The principle "to each his own reward" functions as an incentive to some extent in the capitalist system, but it is not the root cause of it's undesirability; exploitation is. Ownership of the means to produce the goods and services required and desired by society is a mechanism of exploitation by which capital exploits labor. While a laborer produces the worth of the machine they are working many times over in a relatively short period of time, they keep but a fraction of it and have little to no input as to the decisions made concerning the business or the wealth generated. The profit incentive would be less of a problem if such divisions were ended, and a classless society were to be established.

As far as flaws go:

-It's inherently hierarchical and inherently undemocratic, both in terms of daily life in the workplace being dominated by top-down tyranny and in broader political terms where centralized decision-making is funded and perpetuated by the elite's money. The field in which humans are treated with dignity and respected rights only stretches so far as the elite will allow. Information distribution is all owned by them.

- It limits the production capacities of societies everywhere by limiting the improvement of a product and the scale of its distribution to what is profitable and desirable by the profiteering owner, which leads to inefficiencies and scarcity for the sake of a more profitable stagnated product/service. Also, the limited number of people receiving the best standard of living possible severely restricts the potential of progress within the human race.

- It disassociates a number of natural social identities by creating false divisions within society and culturally establishing norms in order to feed the market. Look up Marx's theory of alienation.

- War is constantly being waged in order to profit certain sectors of the bourgeois such as weapons manufacturing and infrastructure, and in order to cheaply horde resources and convert them into finished goods or energy sources.

- Being nice to the environment is almost never profitable for the bourgeoisie.

- Within and between nations, inequality makes for some pretty shitty conditions.