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this post was submitted on 01 Jul 2024
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I don't really fit in that well here at times because I don't consider Capitalism as having anything to do with governance. Capitalism is a market system that uses competition to drive efficiency of creation of satisfaction of needs and luxuries both. If your democratic system of laws is being leveraged by highly efficient non-state entities, then you should really fix that shit, but fixing it doesn't require abolishing private property nor would that end corruption.
Most of Europe has phenomenal education and happiness rates with low crime rates despite the massive impoverished refugee camps they've taken in out of goodwill. If competent legislative reform and regulation doesn't work then businesses wouldn't be fighting tooth and nail to stop it. Better question: When has that other option ever worked?
And the absolute authority of the state to seize any and all assets, allocate all resources wherever they see fit, works actively against competition to a much higher degree, among the many other reasons not to do that. For an example look at Chinese housing infrastructure: everybody was built a home, massive complexes paid for by the public built by lowest bidders and people with connections rather than by developers and contractors. The problem is the homes weren't built in the places those people live and work, so there is a massive homelessness problem in China and many housing units have sat vacant since they were built. And the amount of blood sacrificed to build this ineffective system under Mao was astronomical.
And that's a controversial take. I could have brought up the USSR.
Who wants to abolish private property? You don't need capitalism to have private property.
I want to abolish private property, as in "private ownership of the means of production". I don't want to abolish personal property such as your house or your toothbrush, neither does anyone, which is proven by the home ownership rates in communist or post-communist countries hovering or being above 90%, compared to the sad 50% of Germany and slightly higher values in the US or UK.
Some users on here use Capitalism as an opposite term to Communism.