RE: Socialism Sucks #1

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Socialism Sucks #1

in anarchy •  7 years ago 

A capitalist has a warehouse full of food. There is demand for food. The capitalist sells the food because he know he is making a profit. But wait, there is a competitor! The food retailers lower their prices to compete with each other, to make more profit. The people are now supplied with massive amounts of food at very cheap prices, they are no longer hungry.

I don't see how you can't understand this extraordinarily simple concept. Who wins in this situation? The capitalist food retailers are making a profit, therefore giving them the opportunity to invest in their own business and continue to supply food to civilians. The civilians are able to easily afford food now, not to mention apply for new jobs that have been created in the food retail industry. Its called free trade, and no one ever loses.

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Lol, the worker and the consumer both lose, the crapitalust takes profits from both.
https://steemit.com/economics/@freebornangel/3ha4aa-keep-working-stop-paying-17

How is it losing if someone profits from providing a good/sevice to the people who now have what they need. If the capitalist wasnt there, there would be less jobs also. Competition keeps prices low, and drives technological advancement so that the good can be provided at an even cheaper price.

The capitalist is incentivised to do all of this because he is chasing the profits. He can't afford to rip off his customers, because they wont buy from him. The capitalist relys on the people, and the people rely on the capitalist. We cant just all work in a rice field and expect a better result.

there would be less jobs also.

The work exists outside the management style.

Try this on for size, it was excluded from your education because the crapitalusts dont need you getting uppity.
https://theanarchistlibrary.org/library/petr-kropotkin-the-conquest-of-bread