You're the one who isn't speaking in good faith, Arc. First of all, I have said multiple times that the system can be made to work better. Unions to protect workers rights can help businesses and employee relations. Profit sharing which I have mentioned multiple times which allows workers to feel committed and a part of the company they work for. I haven't simply jumped to socialism as a complete solution even though I am open to socialism being tried. So, it's really unfair for what I've or Nihil has said here to be a blind condemnation of capitalism simply because it's capitalism when several solutions that would work within capitalism have been offered.
Second, of course starting a business in a capitalist system and expecting it to work on socialism isn't going to work. No duh. The rules of the system are already stacked a certain way, so, the whole system would have to be altered if we wanted a socialist business model to work and thrive. I shouldn't have to start a business for my needs to be considered valid and that's the point I was trying to make. The fact that my offered solutions aren't even being considered simply because "I just don't understand how business is run" is the definition of bad faith, so...
Yes, Unions can help to protect workers. Unfortunately, when unions get too demanding, business fold. Look at Car Manufacturing here in Australia. Australia used to make vehicles here until the mid-2010s. One of the nails in the coffins was the unions: they kept demanding more and more from the car companies - General Motors, Ford, Toyota are three examples - and eventually the manufacturing arm withdrew from the country. Unions were not the only factor in this event to be sure, but the unions were unwilling to compromise on pay and conditions to allow the workers to remain employed. Is it better to have reduced pay and still have a job? You tell me.
Profit Sharing: you keep talking in terms of large, established businesses, and keep ignoring what I'm offering. The local plumber you call to fix a broken pipe for your shower is an example of capitalism at work, yet you ignore him because he doesn't fit into your mindset. The plumber who was working for a larger business then decides to go out on his own - he resigns from his comfortable job in a large company, uses his savings to get himself started, needs more money to get his own business up and running so gets a large loan from the bank and has to put his house up as collateral to make it work, gets a bit more business and hire someone else to work with him, has to pay the second guy's wages even if he doesn't get a large amount of business/income one month and risks leaving himself short which then puts his house on the line... You keep ignoring the millions of businesses like this plumber. You're too focussed on the large corporations like Amazon and Apple and Microsoft and can't (or won't) see the everyday small businesses all around you.
^^^This. Right here. That's siding with the business owner, valuing their place in the arrangement more than the worker. Because guess what? The business doesn't exist without the worker. So, I call bullshit on entitlement of the employer and risk. And if the business goes broke, the worker loses a job just the same as the employer does. How do you figure it is any different for one and not the other?
One thing I neglected to add here is:
the business owner is entitled to make a profit, but that doesn't mean they're always going to get it. And if the business fails to make a profit, it's the owner who wears the loss.
Yeah, I'm not watching a D'Souza video where he tries to inform me of the values in capitalism. I've seen enough of his arguments be torn apart to know that it would be heavily slanted and uninformed.
There are ways to make the system better and the bottom line comes down to a narrative where workers are being told to get back to work getting paid the same they were getting paid before, which we discovered wasn't enough, now, adding on the risks of working through a pandemic. Because businesses might fail if we don't. But apparently, since I've never owned a business, I can't reasonably form an opinion on how to balance the needs of employers and workers, so, what do I know?
Not watching someone speak "because I don't like him"...? There's that closed mindset again. You say you're open-minded, but then hear a name and switch off.
So how would you make capitalism "better"? Bearing in mind that:
a) first you'd have to get everyone to agree on what "better" is. "Better" for you is not necessarily "better" (and could make things "worse") for the person standing in front of you in the queue at Starbucks.
b) corruption & greed are
human things, and are not endemic to any particular system. Leaders in socialist societies have become billionaires just as have leaders in capitalist societies...which should be putting the socialist leaders under a much larger microscope, given that the general idea of socialism is to
share wealth, right...?
c) governments screw things up. Always. If you want something to work, you keep governments out of it. Governments only add layers of bureaucracy and Red Tape and inefficiency. You only have to look at the Renewables Technologies businesses to see that in action: they get government handouts to develop something, but because they're always getting paid (government grants) they've got no real incentive to actually improve. Take away the government props and see how they stand up.