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Capitalism is only bad for those who do not share profits coming from better productivity. Government regulation is needed to balance inequality created by cap
by studentik 7y ago
Capitalism is only bad for those who do not share profits coming from better productivity.
Government regulation is needed to balance inequality created by capitalism: progressive tax, competition laws, professional unions etc. Workers are also responsible to bargain deals that make them share more benefits and raise their bar.
This is everlasting struggle.
- perl4ever 7y agoWell, as others mention, you capture profits from automation when you automate your own job and don't tell people, so you only make your own life easier. Of course, I'm sure there are people who did that and then lost their job when their boss discovered they didn't do much of anything any more.