Exactly. Capitalism isn’t bad because of free markets, free markets are great and arguably way better than planned economies in most applications (minus things like healthcare, if you can’t reasonably choose not to buy a product then prices will inflate out of control).
The problem with Capitalism is the concentration of capital which inevitably leads to oligarchy. Put profits in the hands of workers instead of investors and watch the problems melt away. Hell, I can see the merits of totally replacing wages with proportional stake in the company. When everyone gets a percentage of the profits, they’re way more motivated to work efficiently with less waste and higher productivity.
Exactly. Capitalism isn’t bad because of free markets, free markets are great and arguably way better than planned economies in most applications (minus things like healthcare, if you can’t reasonably choose not to buy a product then prices will inflate out of control).
The problem with Capitalism is the concentration of capital which inevitably leads to oligarchy. Put profits in the hands of workers instead of investors and watch the problems melt away. Hell, I can see the merits of totally replacing wages with proportional stake in the company. When everyone gets a percentage of the profits, they’re way more motivated to work efficiently with less waste and higher productivity.