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Joined 3 years ago
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Cake day: June 30th, 2023

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  • In America, we grow up to really cherish liberty and freedom of choice (even if it just the illusion of choice) and so we really idealize entrepreneurship.

    Capitalism is the only economic system that allows upward class mobility

    The examples of socialism/communism collapse are all within the lifetimes of most (or not far off for those of us under 40). Capitalism hasn’t quite failed yet (2008 hurt a lot and woke some people up to its failures).

    It may not be popular with some of the instances on the fediverse but capitalism is the least flawed of all the flawed economic systems. The systems are flawed because they are ran by flawed humans. The best societies take strengths of each system and combine them to mitigate the flaws of each. Capitalism with strong social safety nets is probably the best that humans can do.







  • TORFdot0@lemmy.worldtoPrivacy@lemmy.ml•So it begins
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    4 months ago

    No instances have to be shut down, if Lemmy world asks users to perform age verification, I’ll just move my account to sh.itjust.works and those who are ok with giving strangers their ID can stay on Lemmy.world. And so on and so forth until you find an instance that you trust that doesn’t live in a jurisdiction that bends the knee






  • Banks also pay the depositors interest so you should want the bank to make money. Unless you suggest that we should be storing our money in coffee cans and burying them in the yard. In which case, your money is even less valuable due to inflation and their is less money for the bank to lend to you community.

    That being said banks should be regional and community focused and should never be allowed to grow to the size where if they make bad investments it takes our entire financial system down with it.

    Banks like Goldman Sachs, Bank of America, Lehman Brothers etc are scams