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!

  • Sanndy@lemmy.perthchat.orgEnglish
    3·
    1 year ago

    Rich assholes spending their money on expensive luxuries fund the luxury economy, which finds its way to the regular economy.

    The word you are looking for is investment, while what you’ve described here is consumption. Investment is far, far better than consumption. One is adding to the market, and the other is removing things from the market that could otherwise have been put to much better uses.