This conflates a lot of issues, namely corporate capitalism with capitalism and profit is theft to name a couple. The rest is off based. You know that when they start calling for equality and democracy in the work place.

There is a constructive way to approach capitalism, and this definitely is not it.

"Profit Is Theft: It Sounds Absurd but Here's Why"

Because it is absurd, at least for any sane definition of the word "profit". A valuable return, a gain, a net income; to call these things "theft" is laughable.

And yes, we do have (some!) socialized costs and privatized gains. Some people look at that and conclude we should socialize the gains; others understand that the proper course is to make and keep costs private. Socializing gains destroys the best incentive to work.

"profit relies on the systems of coercion"

Sure, but again, only for an insane definition of the word "profit". When my local tamale guy come to my house and I buy tamales from him, he has made a profit. No sane person would claim he was coerced in any way.

And to call "the law of supply and demand" a threat is another absurdity. Do you understand that scarcity is a very real thing?

@8petros
Try this:

https://awscommunity.social/@Cirdan/112243968905412602

Jonathan D. Cope, Esq.

2024-04-09 23:57:25

#capitalism #economics #socialism #CommonsCapitalism #CCE

#COMMONSCAPITALISMPRIMER #CPrimer

A primer on how Commons Capitalism (CC) works to replace traditional capitalism, i.e., corporations or other entities owned directly or indirectly by individuals. 1/8

@8petros
For whatever it's worth, Commons Capitalism does not fit the definition of "socialism." It does fit most of the definitions of "capitalism."

It, also, accomplishes what socialism attempts to do and what workers cooperatives do without all of the problems necessitated in workers coops.

Ironically, worker coops downplay the idea of being competitive in a market economy and concentrate on equality and democracy.