Comments by "Wandering Existence" (@WanderingExistence) on "CBS Sunday Morning"
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@CarriUSA Personally, I feel like the term 'political-economy' should come back into vogue, because it's two sides of the same coin. They mediate each other. Corporations buyout politicians because it's profitable, because corporations do things that are economically profitable. When corporations can legally buy influence over legislation, that's plutocratic and is a large connection between capitalism and the government. Anthropologically speaking, governments enforce property rights and create markets, and in doing so these economies help fund governments. Government and markets aren't antithetical, governments help create conditions for market activity.
I mean, even just in terms of American history you can see how the West was pioneered and cultivated... Only after the American government genocided and pushed off native Americans into reservations and redistributed 160 acres to people who agreed to farm the land. That's capitalism and real estate markets starting with government violence and redistribution policies... and capitalists say Mao was bad, lol. Capitalism and government aren't antithetical, that's literally the US government creating the conditions for private property rights and capitalism. That's just one historical example among many, but I figured I'd go with the USA history.
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"From 2008 until 6 October 2023, 1,434 Palestinian children were reportedly killed, with an additional 32,175 sustaining injuries, primarily at the hands of Israeli occupation forces. Of these, 1,025 children were killed in Gaza alone, since the unlawful blockade began in 2007." - UN Human Rights, ‘Unchilded’ from birth: UN expert calls for decisive protection of Palestinian children under Israeli rule, 24 October 2023
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@mtns340 Don't you realize that capitalist create oligarchies... When the main motivation of the economy is to make as much profit as possible corporations will lobby the government to create laws in their favor. Capitalism creates a system where a few people are able to control capital, that is oligarchic and plutocratic. Capitalism can't be tamed it is inherently misguided.
Wage labor is renting yourself via "self ownership". Employment is literally renting another human being as if they're property. The employer-employee relationship is a very insidious dynamic. Employment is a rental contract, like if you rented capital (say, a chainsaw from Home Depot), you pay rent for the "time preference" (basically the cost of time) for a piece of property. Capitalism is based on a principle of self ownership, which sounds empowering, until you realize that most people don't own enough capital goods to make enough income other than themselves, and must rent out the authority over themselves as pieces of "human capital". This is a process of dehumanization where human beings are valued for their return on investment as capital goods. This is why, at the very least, capitalism needs unions and safety nets (or abolishment), or else the system won't value people for their human value. Importantly we must also think about our sick, elderly, and disabled people, as they can't provide competitive economic return for the investor class to value. We must figure out a way to change this economic system if we wish to value each other.
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