I've posted this post in an another thread a few days ago.. But anyway, I think some people might find it interesting to read my point of view since I come from an other side of the globe.
I'm very undecided about if capitalism is good or bad.
My country and other rich east Asian countries (Japan, Singapore, Taiwan) became rich because of capitalism and especially the very high effectiveness in our economies (also because of capitalism).
Look at the communist North Korea (NK). We are the same ethnic group, but Koreans in the North are very poor people only because of the communist ineffective economy. Yeah, there's no unemployment in North Korea because everyone has to have a job and work there and people get also apartments for free.
But that's very ineffective for the whole economy after all. However companies in South Korea employ only workers who are needed for the working process unlike NK. Therefore the effectiveness of South Korean's companies and factories are MUCH higher than state owned companies in NK.
This leads to the state that people in NK are becoming poorer and poorer with time.
So I'm glad that capitalism made my country rich and successful!
On the other hand I think that capitalism creates much stress, pressure, anxiety and depression because everyone has to do his best, otherwise he gets fired and possibly becames a homeless.
So I really don't know what's the best.
hello friend. All good? It's normal to feel a little like this. I'm not sure which country you live in, just that it's some eastern country. I believe it's Japan, but correct me if I'm wrong. Many countries have become rich from capitalism. In fact, it is the most productive mode of production we have ever had in human history. The technological advancement that capitalism has provided is something from another world. The problem of capitalism, however, is not something moral. It is something material and intrinsic to the system. On the other hand, it is the dumbest economic system of all, it does not distribute excess production well and creates uselessness in generating surplus value.
With this system we worsen hunger, human living conditions and the earth itself. We are destroying planet Earth and we only need to look from the window to see this.
But I would like you to notice one thing first. The countries that became rich with capitalism were already developed and industrialized countries. Furthermore, the first world war marked who would despoil the world. Nowadays the fallacy of capitalist enrichment breaks down when we look at countries like mine, in the third world. Here poverty reigns, hunger is so great that we have people queuing up to buy bones to eat. Education is not good, we do not have industries for domestic supply, this is somewhat the case with Japan, which is also an exporting country. Here more than half of the food produced is sent abroad, we produce food to supply the world, but inside our borders there is only hunger. The immoral process of capital accumulation, in simple terms, is when individuals or companies make money and become rich by taking advantage of others in unfair or unethical ways. This can include exploiting workers by paying them very low wages, harming the environment without regard for the consequences, or manipulating markets to increase their profits unfairly. Essentially, it's about getting rich at the expense of others' well-being or through dishonest means. In practice, this means profiting from hunger, profiting from unemployment, profiting from waste, etc., etc.
That is the real problem with capitalism, not the lack of production. Now, if we look at the socialist countries, we see countries with full employment, minimal poverty and misery, few or no homeless people, as there is full housing. Yes, there are problems like in any system. But honestly? Just knowing that I wouldn't go hungry and would have somewhere to live if I lived in a socialist country makes me feel better. I feel like I wouldn't even choose to die of my own free will. Capitalism is the accepted slavery of modernity, we cannot accept that. Whoever decides to continue living will invariably have to face the contradictions of capital and overcome them. Or face extinction head on.
PS. sorry, ive saw now that you are a korean.
