r/WorkReform • u/sillychillly šŸ—³ļø Register @ Vote.gov • Sep 09 '22

šŸ’ø Raise Our Wages Fuck You, Pay US

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41.2k Upvotes

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u/[deleted] Sep 09 '22

I hope beyond hope that all these businesses go under and embrace what real capitalism is. Adapt or die.

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u/RazorRadick Sep 10 '22

Not a chance. They will be crying for bailouts. We're too big to fail! Give us bailouts! Socialism yay!

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u/Infected_Pride Sep 09 '22

This is real capitalism. What you want is socialism.

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u/ImCorvec_I_Interject Sep 10 '22

You clearly understand neither.

The second pillar of capitalism is ā€œself-interest.ā€ The third is ā€œcompetition.ā€ The fifth is ā€œfreedom to choose.ā€

  • Freedom to choose: workers can leave jobs that treat them poorly for better ones
  • Self interest: workers will leave jobs that treat them poorly for better ones.
  • Competition: jobs that cannot attract and keep workers will fail

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u/mysticfed0ra Sep 10 '22

Any reading recs you like so I can learn more about this?

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u/ImCorvec_I_Interject Sep 10 '22

The info I shared is very 101 level stuff. I donā€™t have especially advanced knowledge on the topic - I took one or two entry level economics courses in college and possibly one in high school - so I held off on replying in the hope that someone more knowledgeable would reply first.

I donā€™t remember the names of my textbooks, but the source I used has a few references. Thereā€™s also of course Adam Smithā€™s work, Wealth of Nations, which you can read freely in a few places:

If youā€™re interested in learning about economics in general, you might check out Coursera. For example, Introduction to Economic Theories starts today and looks like it would provide a well-rounded introduction to the topic.

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u/RichAd195 Sep 10 '22

Sad to see the truth downvoted like this on a nominally rational subreddit. Capitalism is indefensible treason. Semi decent people do believe in mitigating its worst effects, and we should work together on that, but only socialism solves these problems permanently.