this post was submitted on 27 Feb 2025
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Nope, any profits not reinvested in the company itself, or the employees is wage theft. Full stop. Capitalism is a scam we've been fed so rich assholes can get richer.
I think it's a bit unfair to blanket statement that capitalism is a scam. There need to be checks in place. Like, I agree it's not fair that me as a business owner can simply say "this year we are skipping raises, and I am paying myself 2 billion". There's no reason any one person needs a trillion dollars. That's an insane amount of money. Even 100 million is a shit ton of money. There definitely need to be checks in place, but I don't think communism is the answer either.
This isn't clear to me what you're saying "nope" to. How I said companies need to make profit? If so, they do. If they do not make profit they lose money, if they lose money they can't reinvest into themselves or pay wages. Or maybe I misunderstand what you meant by "nope".
What's the solution then?
@umbrella @cyberpunk007 Some big UK brands don't run on an "all money is for one guy" model. John Lewis (dept store) and Waitrose (supermarket) are a partnership: the staff own it. Then we have lots of Co-operatives but the main one is mostly known for being a supermarket: member/ownership is £1 and you can vote at the AGM, get discounts and choose charities. It's not perfect - they all exist in a capitalist system - but there are other ways of running businesses that aren't for pure profit.