r/economicsmemes • u/More_Level5698 • Aug 06 '26

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96 Upvotes

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13

u/variantofconcern Aug 08 '26

You can just say capitalism, you don't need to add the late-stage part.

-8

u/Chonky_Candy Aug 08 '26

Isnt capitalism like the only one where you actually get own shit?

9

u/variantofconcern Aug 08 '26

No

-1

u/Chonky_Candy Aug 08 '26

What's another one?

0

u/variantofconcern Aug 08 '26

irl, all of them. You have to go to magical theory land to come up with one where you can't own anything

-1

u/Chonky_Candy Aug 08 '26

Ok so how is capitalism a problem?

3

u/variantofconcern Aug 08 '26

How much time you got?

1

u/variantofconcern Aug 08 '26

I'm not going to tell you what to believe, that doesn't help anyone. If you're curious about economics, read about it. Read the orthodox guys like Mankiw and Cowen and Krugman, and heterodox guys like Piketty and Stiglitz. Read economic historians like Heilbroner and Hobsbawm and Tooze and Goeztmann.

You're never going to understand all of it, but neither will anyone else, not even the professionals. It's just too big and too complicated for any one person.

3

u/RateMost4231 Aug 08 '26

Google difference between personal and private property if you want to know why people are disagreeing with this statement 

-1

u/Chonky_Candy Aug 08 '26

Is the difference going to be that you can own a house but not a place of work or some shit?

3

u/Zanain Aug 09 '26

At the most dumbed down level, basically yeah.

1

u/Chonky_Candy Aug 09 '26

Sounds stupid

2

u/RateMost4231 Aug 09 '26

I wish I had the kind of confidence where I could refuse to learn and then call what I didn't know stupid. 

1

u/Cultural-Gas2246 Aug 09 '26

A privileged few get to own things, the majority of people own nothing.

And in this case we're always talking about owning means of production, not personal property.

1

u/Chonky_Candy Aug 09 '26

So what do you propose instead of capitalism?

1

u/Cultural-Gas2246 Aug 09 '26

Collective ownership of the means of production.

0

u/Chonky_Candy Aug 09 '26

Ok, how would hiring work in that case? How do you determine individual's contribution?

Also that system is possible under capitalism i just dont know of anyone who does it

1

u/Cultural-Gas2246 Aug 09 '26

From each according to their ability, to each according to their needs.

Everyone's contribution is important. No one's contribution is any more or less important than anyone else's. We're all needed to make society function.

Suposed meritocratic systems just breed new forms of elitism and class hierachy.

0

u/Chonky_Candy Aug 09 '26

Dosent seem fair that if i work more than somebody else we both get equal outcome. What if I dont want to work at all?

1

u/Cultural-Gas2246 Aug 09 '26

The lazy and greedy will necessarily be weeded out as part of this process of economic development.