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Cake day: June 22nd, 2023

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  • I think it depends a lot on the specifics of the situation.

    Did you buy a single family home / house that you’re living in, and renting out part of to help pay your mortgage? Then it depends on the rent you charge.

    If you charge market rates and you can afford to charge less than market rates, or if you hire contractors and maintenance people for the unit that are cheaper / worse than the ones you use for your own unit, then yes, you are being exploitative and hypocritical.

    If, however, you treat the unit like your own and charge below market rates then no, you’re not.

    If you build an addition on your house, or build a laneway house or something, then it’s more reasonable to charge market rates for rent because you’ve actually added new housing to the area, an act that in itself should help to slightly drop rents. Same thing if you buy vacant property and build rental units on it. However, if you continue charging the most you possibly can long after you’ve made your money back then you’re back into the territory of being an exploitative hypocrite.

    And if you’re just in a hot market and buying up houses / condos, and renting them back to people as is, or just doing the cheapest and shittiest job you can turning them into apartments, then yes you are being a hypocrite. At that point you’re just using your capital to buy up a limited quantity item and sell it back to people at exploitative rates. It would be like being stranded in the desert and buying up the remaining water and then selling it back to people for a profit. You’re providing no value to society, just using past success to force people into a corner where they have to pay you for a necessity that’s in limited supply.











  • Oh no, another one of these “there are only anarcho-capitalism and socialism and nothing in between” types.

    Not at all what I said, I explicitly, and repeatedly, referenced the real world systems being more complex and nuanced than the model systems that show the basic pros and cons of the system type.

    There is no viewpoint-independent logic behind capitalism because capitalism wasn’t designed. It’s a natural function of trade. As soon as you have the concepts of property and trade, you have capitalism. The ancient babylonians had capitalism, and so did the ancient egyptians.

    So in your mind only things that are intentionally designed by humans can have viewpoint-independent logic?

    There are no naturally arising systems in nature that have viewpoint-independent logic?

    And you think that modern trade and capitalism is completely and 100% just natural and would always occur no matter what and has no basis in the work of capitalist theorists like Adam Smith and Karl Marx?

    Again, if you do nothing, capitalism will emerge. If you continue to do nothing, monopolists will emerge. If you continue to do nothing, these monopolists will take over the government, and you get feudalism.

    So you’re arguing that stable trade networks and relationships have never existed and are impossible to exist or maintain?



  • At it’s core, capitalism is system of resource distribution. It’s in contrast to other resource distribution systems, such as how indigenous people and early human tribes are often thought of as using various system of resource distribution that are collective in nature, where everyone shares all resources and people take only what’s needed (though this was far from the only resource distribution system used by those peoples), and it came about primarily in contrast to feudal systems of resource distribution, where powerful kings and lords would collect resources from the broader public and then spend them however they wanted.

    Let’s say you have an anarchist / libertarian resource distribution system or lack thereof, where most people live in small individual plots of land, grow what they need, and in general don’t share or distribute resources. That means that each individual family / plot can be strong, but as a collective they will struggle to move as one when they need to. If an invading army shows up and they need every single potential soldier to fight to their death or risk conquering and enslavement, they’re going to have a hard time convincing everyone to do so. If they need some people to stop planting crops so that the soil can rotate, they’re going to be unable to because that’s the only land and resources those people have. These systems fundamentally lead to game theory coordination problems, and inefficiencies because resources aren’t shared.

    In contrast, feudalism is a centralized system where one person controls everything (it’s more distributed in actuality, but that’s the basic structure it takes). This creates the opportunity for efficiency, and to move quickly, but also creates massive opportunities for human fallibility to waste and ruin everything.

    Capitalism on the other hand promises to be a distributed, decentralized resource distribution system. Everyone just has to behave according to their own self interest, and resources will flow to where they’re needed. If I make a better product than you, that should prove out that I’m better at making products, and should thus get more resources so that people who are better at making products make more than those who are worse.

    Does it work out that way in practice? No, not always, this is an incredibly simplified model system, but the core idea behind capitalism, is basically the same core idea that’s behind lemmy and the fediverse. Decentralized, distributed systems. They’re hard to design, and they require everyone agreeing on standards, but they are more flexible and don’t have the fallibility of central authorities.