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Why do so many defend capitalism?
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777Prawn sh.itjust.works 777Prawn@sh.itjust.works
Joined: 2026-06-10
#102 · Quote Reply

Measuring the percentage of private vs state ownership of the means of production isn’t going to tell you whether that state is a capitalist one or a socialist one. The salient question is, which economic class wields the power of the state to suppress the other class? Socialism isn’t a slider bar, it’s a matter of political power in the class war. Previously: The US government was never not ca...

Here's my opinion.

Every morning you drive on a road you didn't build, drop your kids at a school you didn't found, and trust that if your house catches fire, someone will show up without asking for a credit card first. None of that came from a business looking to profit. It came from all of us chipping in so everyone gets something we couldn't manage alone.

That's the basic idea behind socialism: we're stronger when we pool what we have. And we already live it. When big banks and automakers were about to collapse, the government stepped in with public money to save them. If it's fine to share the risk for corporations, why is it "radical" to share it for regular people?

So the question isn't whether we do socialism. We already do. It's who the leadership is willing to do it for.

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☆ Yσɠƚԋσʂ ☆ lemmy.ml yogthos@lemmy.ml
Joined: 2020-01-18
#103 · Quote Reply

Yep, almost done reading this book too!

it's so good, I just love how full of optimism it is

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Cowbee [he/they] lemmy.ml Cowbee@lemmy.ml
Joined: 2023-12-31
#104 · Quote Reply

it's so good, I just love how full of optimism it is

Yep! My biggest problem with it is that the language surrounding national minorities is... Dated... But beyond that, it's an excellent look at the Soviet Union!

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Cowbee [he/they] lemmy.ml Cowbee@lemmy.ml
Joined: 2023-12-31
#105 · Quote Reply

Capitalism is easy to understand. You do something and you get something - even if you cheat by "outsmarting" someone else. The reward is tied to your actions. Like doggy treats. At no point is it revealed that your effort might be worth more than you get. This doesn't matter because it appears as a direct transaction. Work = pay. It's not though, but that's what it appears like to anyone who d...

Socialism is not welfare, nor is capitalism any form of doing something in favor of a reward. Your metaphor, I feel, does a disservice to understanding each.

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Cowbee [he/they] lemmy.ml Cowbee@lemmy.ml
Joined: 2023-12-31
#106 · Quote Reply

It feeds many.

It starves many despite producing more than enough for everyone.

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bstix feddit.dk bstix@feddit.dk
Joined: 2023-06-09
#107 · Quote Reply

Socialism is not welfare, nor is capitalism any form of doing something in favor of a reward. Your metaphor, I feel, does a disservice to understanding each.

Go ahead then. Tell like it is. In words that people understand.

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Cowbee [he/they] lemmy.ml Cowbee@lemmy.ml
Joined: 2023-12-31
#108 · Quote Reply

Hi, I am probably one of the few right-libertarian capitalists on Lemmy (I love FOSS!). I’m also a former employee of the Foundation for Economic Education, one of the oldest libertarian institutions dedicated to explaining capitalism. I will do my best to give a big picture answer to your question, but it’s such a huge topic so feel encouraged to ask follow ups (in good faith please). First of...

There's a lot that's fundamentally wrong with this comment, but I think I can hit the core pretty narrowly. You cannot disentangle capitalism from the state, the capitalist state is not outside of capitalism but is instead a core function of it. Corporatism and cronyism are not in opposition to capitalism, they are a later stage in capitalist development, as compared to earlier capitalism when markets are highly underdeveloped and instead very decentralized and anarchic.

You also have a deeply moralist analysis, not a materialist, logical analysis. There is nothing inherently good about private property rights, and justifying the theft of surplus value on the basis that it is already common practice and would require violence in the form of revolution to change it is a moralist argument. It is just as easy to say that the everyday violence of theft of surplus value is a violent attack on working people, who create all new value. We must make scientific, materialist arguments, not simply rely on emotional soundbites.

You also ignore imperialism as a function of capitalism as it develops. The expansionist nature of capitalism causes it to dominate developing countries, where a share of the spoils are used to uplift the imperial working class. This is why the poor often get richer in developed capitalist economies, not because capitalism lifts all, but because developed capitalist economies shift their greatest contradictions to the international scale.

When you move on to socialism, you are entirely wrong. For example, the marketization in China is found in their developing industries, where markets do play a progressive role. However, in their developed and critical industries, China uses central planning. This is because planned economies overtake marketization when production advances to the national and international scale. It isn't a binary planned/market distinction that socialists advocate for, it's instead looking at the level of development of the productive forces and using the correct method accordingly.

Monopolies are an inevitable result of capitalism, because as technology improves, it requires more input to maintain. We cannot simply break up monopoly without inefficiently destroying productive forces in the process. This is where cronyism and corporatism, as you describe it, come in. Socialism and planned economy solves these problems by using the developed productive forces according to scientific planning, which is far more efficient at this scale (and is why China is doing so much better than capitalist economies).

Even more totally planned economies like the USSR saw some of the most rapid economic growth on the planet. They did not introduce starvation, they took overwhelmingly backward societies and brought them at and beyond their peers in rapid time. Life expectancy doubled between Tsarism and socialism in a matter of decades. Famine, while common in Tsarist Russia, was eliminated by 1935 outside of wartime. GDP growth was extremely rapid, all without running into crisis of overproduction or falling profitability:

You write a lot about what you "oppose" about capitalism, but without a coherent understanding of the totality of the system, you are reduced to unactionable moral platitudes, rather than concrete actions that can be taken. You remove the state from the economy and pretend it can be made to work both in the interests of the people as a whole while also shrinking, despite the fact that capitalists prop up and dominate the state as a co-evolutionary process.

The solution is socialism. Planned economy for developed industry, marketization limited to developing industry, and as all industry develops, transition to full planning to a collective and scientific aim.

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Cowbee [he/they] lemmy.ml Cowbee@lemmy.ml
Joined: 2023-12-31
#109 · Quote Reply

Go ahead then. Tell like it is. In words that people understand.

Capitalism is a system where capital owners dominate the state and the commanding heights of the economy, socialism is a system where workers dominate the state and the commanding heights of the economy. Any confusion of welfare for socialism implies that systems where capitalists are the dominant force is still socialist if it gives welfare, but existing social democracies that follow this model depend on exploiting the global south to prop up this welfare while maintaining capitalist profits.

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davel lemmy.ml davel@lemmy.ml
Joined: 2023-07-08
#110 · Quote Reply

Here's my opinion. Every morning you drive on a road you didn't build, drop your kids at a school you didn't found, and trust that if your house catches fire, someone will show up without asking for a credit card first. None of that came from a business looking to profit. It came from all of us chipping in so everyone gets something we couldn't manage alone. That's the basic idea behind sociali...

That’s the basic idea behind socialism

Not really, no. What you’re describing is the socialization of production.

What you’re describing is fine; it’s not wrong. The issue is that you’re abusing the term “socialism,” which already has a well-defined and widely agreed-upon meaning that is quite different from the one you’re using.

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NEZ27 lemmy.zip NEZ27@lemmy.zip
Joined: 2026-07-20
#111 · Quote Reply

Communism isn't really "different in practice," people just confuse the socialist stage with the highly developed communist stage and judge past/present socialism against far-future communism.

Fair enough. Point stands that people don't understand these terms, have different understandings of them, and are therefore almost never on the same page.

Just like 'liberal' means very different things to different people. Conservatives say its like they're far left revolutionaries. Actual Leftists view them as Conservative lite. And a lot of in-between.

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Cowbee [he/they] lemmy.ml Cowbee@lemmy.ml
Joined: 2023-12-31
#112 · Quote Reply

Fair enough. Point stands that people don't understand these terms, have different understandings of them, and are therefore almost never on the same page. Just like 'liberal' means very different things to different people. Conservatives say its like they're far left revolutionaries. Actual Leftists view them as Conservative lite. And a lot of in-between.

As a communist, to me this just means that we need to continue educating the working class on a proper and aligned understanding. The biggest strength of the working class is our numbers, and the best way to utilize mass is with unity and direction.

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777Prawn sh.itjust.works 777Prawn@sh.itjust.works
Joined: 2026-06-10
#113 · Quote Reply

That’s the basic idea behind socialism Not really, no. What you’re describing is the socialization of production. What you’re describing is fine; it’s not wrong. The issue is that you’re abusing the term “socialism,” which already has a well-defined and widely agreed-upon meaning that is quite different from the one you’re using.

You're right, the textbook definition is social ownership of the means of production, and "socialized costs" or "public support" would be more precise for what I'm describing. And I don't think it's "well-defined and widely agreed-upon."

Marxists, market socialists, democratic socialists, and libertarian socialists all disagree on what it actually requires, and in everyday US usage it's commonly used to mean government spending for social programs.

Either way, my point stands: we already collectivize risk and costs for some groups. The real question is who gets that help.

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NEZ27 lemmy.zip NEZ27@lemmy.zip
Joined: 2026-07-20
#114 · Quote Reply

As a communist, to me this just means that we need to continue educating the working class on a proper and aligned understanding. The biggest strength of the working class is our numbers, and the best way to utilize mass is with unity and direction.

No doubt. Propaganda is just wild. Kindness and Unity are woke afterall.

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jklem lemmy.zip jklem@lemmy.zip
Joined: 2025-09-16
#115 · Quote Reply

There's a lot that's fundamentally wrong with this comment, but I think I can hit the core pretty narrowly. You cannot disentangle capitalism from the state, the capitalist state is not outside of capitalism but is instead a core function of it. Corporatism and cronyism are not in opposition to capitalism, they are a later stage in capitalist development, as compared to earlier capitalism when ...

Hi. It is hard to give too much of a response to this, because you have ignored the definition of capitalism that I stated and instead responded based on a different one. If you wanted to argue that the definition of capitalism I stated inherently leads to imperialism, cronyism, and all the rest of what you’ve posited, so be it, but you have not actually made an argument for why it does so, and I certainly wouldn’t agree that it does.

A couple points though:

  1. My argument presumes a moral position that individuals have rights that should be respected, a position that can be argued on either deontological or consequentialist grounds. It also presumes that society getting more prosperous is a good thing. I think 99% of people agree with both these claims. I can suggest many philosophers who have made the argument that there is something “inherently good” about this perspective at length, all with differing justifications. You can look at Michael Huemer (The Problem of Political Authority), Hayek (Law, Liberty & Legislation, and Consitution of Liberty), Murray Rothbard (Ethics of Liberty), Ayn Rand (many books), Robert Nozick (Anarchy, Statt, & Utopia), and there are many more.

  2. The entire Marxist argument falls apart for me as soon as you say “Surplus Value.” There is no such thing. The concepts assumes both the false Labor Theory of Value, which is accepted by virtually no modern economists, and also assumes that there is no value provided via entrepreneurship and capital allocation, which is false. Entrepreneurship and capital allocation are both vital to a prosperous functioning economy in which all classes of people gain wealth, and are economically rewarded as such.

  3. Imperialism is directly at odds with capitalism how I have defined it, which is how advocates of capitalism see it (when I say “advocates,” I don’t mean some random Republican politician or voter trying to make things that don’t fit together fit, but serious economists and philosophers who understand and support capitalism). It is inherently a violation of property rights, which is essential to have a system that can be called capitalist. If it is imperialist, it is by definition not capitalism.

  4. Neither China or the United States is purely capitalist/socialist or centralized/decentralized, both are mixed economies, but China is drastically more capitalist and decentralized then it was a few decades ago, a period of time in which the nation moved from famine to prosperity. See Ronald Coase’s book How China Became Capitalist which discusses the specific capitalist reforms China undertook and how those directly caused increased standards of living for Chinese people.

  5. I believe you are simply wrong about the ability of planned economies to function. Please see Ludwig Von Mises’s Economic Calculation in the Socialist Commonwealth for the canonical argument on this. It’s a short easy read, and available for free from the Mises Institute. Yes the Soviet Union had a period of industrialization which led to a strong increase in wealth, but this period did not last, and to the extent that period succeeded it required the ability to piggyback off the prices set in the West in free economies. Without that, any functioning central economic planning at all would have been impossible.

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Cowbee [he/they] lemmy.ml Cowbee@lemmy.ml
Joined: 2023-12-31
#116 · (edited) Quote Reply

Hi. It is hard to give too much of a response to this, because you have ignored the definition of capitalism that I stated and instead responded based on a different one. If you wanted to argue that the definition of capitalism I stated inherently leads to imperialism, cronyism, and all the rest of what you’ve posited, so be it, but you have not actually made an argument for why it does so, and...

You misunderstand, just because you can describe something does not mean that it's a useful or accurate description. Debating the correctness and accuracy of how we define systems and structures is core to socioeconomic debate, because without definitions that accurately describe the world and its processes, we are left with fantasy. I explained why your definition was incorrect, and responded to these weaknesses. Nevertheless, I'll address your points directly.

  1. Moralism is not a base for scientific consensus. I already addressed the inherent failures of this form of argumentation. You even open yourself up for counter by saying "society getting more prosperous is a good thing," when it is capitalism that is holding back common prosperity by funneling the wealth of society into the hands of a few. We must make our analysis based on materialism, on scientific fact, not the vague idea that stopping wage slavery is wrong because it requires force.

  2. You are taking an incredibly eurocentric and chauvanist claim by saying "no modern economist believes in surplus value." Chinese, Cuban, Vietnamese, and many more economists vehemontly disagree with you. Some of the most respected economists on the world stage are Chinese, such as Cheng Enfu. At best, your point is purely ignorant, at worst it's racist. In any case, management of capital is labor, but ownership itself does not create value. All new value comes from labor, be it managerial or not, and the portion of the day workers labor for means beyond their own wages is the surplus that forms the basis of profits.

  3. This is, frankly, naive. The version of capitalism you advocate for is not a real thing, and does not exist. You are moving from the realm of fact to the realm of utopianism. Just because you are uncomfortable with the inevitable consequences of marketization and private property relations does not mean you get to hide by defining them away. It is a simple, proven fact that in the real world, when markets progress, they trend towards monopolization. When they reach the boundaries of the national scale, they seek new markets internationally, which allows them to leverage their advanced position to exploit developing countries. This is capitalism as it actually exists. Five Characteristics of Neoimperialism is a short article going over how this system came to be and evolved in the modern day.

  4. China did not take on "capitalist reforms." China marketized underdeveloped industries, as the material base of marketization is decentralized production. For industries of a national scale and critical importance, China maintains dominance and planned economy. This is Marxist economics. See Professor Roland Boer's Socialism with Chinese Characteristics: A Concise Guide for a basic, entry-level explanation that requires no background in Marxist economics. China is a socialist economy, in the primary stage. The US is a capitalist economy as it is dominated by private capital even at the national and international scale. See the aforementioned Cheng Enfu's handy diagram:

  1. Mises is a clown that was disproven the second socialism began outperforming capitalist economies. The Soviet Union, despite being largely a siege economy, was again one of the most rapidly developing countries in history. Trying to attribute their successes to pilfering from the west is, again, chauvanist at worst and ignorant at best, and in any case would require an enormous level of proof on your part that you neglected to provide. Soviet economic planning avoided the crisis of overproduction and the crisis of profitability that shook the capitalist world, proving that they were independent from their problems. The economic calculation problem was invented by a clown, before the invention of computers. For an explanation, see Towards a New Socialism, which explains potential economic planning beyond price. You could even skip the book and just read Cockshott's WordPress article on socialist computation.

Overall, I'm disappointed. You presented yourself as something of an expert, but you don't even pretend to entertain essential functions of traditional debate like discussing definitions, you just take the definitions as a given. This is hardly taken seriously even by mainstream liberal economists.

(Side note on Cockshott, massive transphobe, unfortunately. His work on cybernetics is valuable, but his overall Marxist knowledge should be taken with heavy grains of salt due to his fundamentally incorrect understanding of dialectical materlaism).

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