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tmoney144 t1_ixbn060 wrote

Reply to comment by [deleted] in Did Someone Save Disney’s Life Last Night? Behind Bob Iger’s Stunning CEO Return by HumanOrAlien

You don't need corporations to have capitalism.

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Budgiesaurus t1_ixbpebd wrote

Maybe not need, but they make sense in capitalism.

If the system is set up to maximise profits, accumulate capital, market competition etc. pretty soon someone will come up with a corporation or something very similar as the most effective way to squeeze every penny out of the market.

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tmoney144 t1_ixbx58c wrote

The point I was trying to make is that there are levels between thinking "corporate America" has too much power and literal communism. We could not have corporations at all and still not be communist.

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Budgiesaurus t1_ixbyd2d wrote

I agree, corporates should lose a lot of power and influence, and I don't know a proper alternative for capitalism. I don't see communism working. But I also don't see a capitalist system that won't lead to corporations.

But proper taxation of corporations and stronger anti trust legislation might be a good start.

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tidho t1_ixbq953 wrote

thus creating efficiency and the highest standard of living in human history

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Budgiesaurus t1_ixbu6i6 wrote

Up to a point. Countries that counteract the worst tendancies of capitalism with limits, taxation and social policies tend to have a higher standard of living than those that are more laissez-faire.

And just because we haven't found a working system that's better than capitalism doesn't mean there isn't a lot of issues with it. But the attempts at communism and the like broke down when humans were introduced, so far.

Capitalism raises a lot of wealth, but tends to concentrate it for a very very small group.

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tidho t1_ixd0pjz wrote

you're talking about capitalism with more redistribution, versus capitalism with less redistribution. it's still capitalism creating the highest standard of living in human history.

Communism was bad theory before the industrial revolution of the early 1900's, it's simply idiotic now. Fortunately, as has been the case for a century, the college kids will figure that out around age 25.

Every economic system concentrates wealth - you don't think the oligarchs running your utopia will be living the high life?

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Budgiesaurus t1_ixd8uvj wrote

I'm not sure what strawman you are fighting here. I'm not advocating for communism, as I don't see it working at all.

I'm just saying capitalism has a lot of issues, and you're seriously delusional if you don't see any.

But I'm not advocating for any alternative here, as I don't know a better system. Doesn't mean I can't have criticism or suggest it can be improved.

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tidho t1_ixdad4t wrote

> I'm just saying capitalism has a lot of issues, and you're seriously delusional if you don't see any.

if the problems you're saying capitalism has also exist in every other economic system then it's not really a 'capitalism problem'. that's the point.

things like wealth disparity (to the extent that's even a problem, hint: it's not) will exist in every economic system. communism was theory intended to eliminate it, yet reality has proven it does not.

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ibetthisistaken5190 t1_ixbyi3z wrote

Let’s all high five because whoever gets the most money before they die, wins. And what good is it then?

An entire life spent chasing after something that’s ultimately meaningless. Bravo.

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tidho t1_ixcvvk4 wrote

that's a personal choice, not some burden from the current economic system

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BaphometsTits t1_ixbx80i wrote

>You don't need corporations to have capitalism.

Yes, limited liability companies work too.

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ILoveRegenHealth t1_ixe6quq wrote

okay point to a country that has successful capitalism with no corporations?

You sound like a kid trying to be edgy.

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tmoney144 t1_ixe9hyj wrote

You sound like someone who doesn't know history. The US had capitalism with little to no corporations until New Jersey and Delaware changed their laws in the 1890s. That's why most companies are incorporated in Delaware, because they were the first to allow it (New Jersey was actually first by a few years but shortly after repealed the laws).

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