If capitalism works why are you still poor? | Hacker News Reader

If capitalism works why are you still poor?

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3 pointsbridgepasta4 comments

Comparing to what? Is capitalism perfect? No.

But compared to the communistic forms of socialism? Do look at what shitshow of living and totalitarian condition were in Yugoslavia, USSR, China under Mao etc...

There is also conflation of "bankers hold all the money" as if that is a thing exclusive to capitalism. Look at communist contries: the leaders ARE RICH! Josip Broz Tito, Mao etc...all communist leaders were rich! It's the same thing: Joe Sixpack didn't own much neither in communism nor capitalism.

But in capitalism you the best of the best atleast have a chance to get somewhere by their own above average ability.

The problem is corruption in capitalism.

Or can we go deeper: the problem is human nature?

If so, is this even solvable?

Crime is also human behavior, "fixing" it is clearly out of reach but we can mitigate by law, processes and again, regulation.

you are correct, human nature (or better behavior, as i think its more learned than inherited) is the problem. A problem you cant fix, like crime. But you can mitigate the negative outcome of it.

I once heard a dumb fellow say "capitalism is like nature, where the fittest survive". I replied "so like in nature, in the end, you give as much back as you took?", meaning nutritions. He went silent.

propper wealth distribution is imho the solition to this sympthom. A inheritance tax that deserves its name. until there is nothing like that, the decks will always ne stacked against the small have-nots, no matter their top performance.

Comparing to other systems, I really don’t like the narrative that if you don’t like X then it’s Y, just because capitalism is a failure it doesn’t mean communism is the solution. I’ve been reading about other systems, one that really stands out is the Islamic one especially in the financial part, there is no taxes or interests of any sort, and that removes anything enables such corruption, or banks dominance, in fact, if interests is removed most banks would close as they lend an “imaginary” money while leeching on the interest rates.

Probably because there's no socialism beside the capitalism. So your capital needs to be funneled towards survival.

Democracy requires capitalism and socialism running side-by-side.

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