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Why are folks so anti-capitalist? (programming.dev)

submitted 1 year ago by o_o@programming.dev to c/asklemmy@lemmy.ml

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Hi all,

I'm seeing a lot of hate for capitalism here, and I'm wondering why that is and what the rationale behind it is. I'm pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn't the right forum for a political/economic discussion-- I'm happy to take this somewhere else.

Cheers!

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[–] stratoscaster@lemmy.zip 20 points 1 year ago

Just to provide evidence, you can see the impact of corporate profits and the unit cost of products during COVID-19 in this study:

https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/

Corporate profits were a majority of the driver of cost of products during a literal pandemic when people were suffering and needed cheaper goods the most. The pandemic caused inelastic demand to increase and so companies took advantage of a global crisis to line their pockets.