this post was submitted on 08 Jan 2024
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[–] AllonzeeLV@lemmy.world 17 points 10 months ago* (last edited 10 months ago) (2 children)

https://en.m.wikipedia.org/wiki/Capitalist_propaganda

https://en.m.wikipedia.org/wiki/Regulatory_capture

https://truthout.org/articles/pedagogy-for-profit-education-under-capitalism/

The capitalists own major media, the capitalists influence curriculum, as they've captured the state governments that set them, from K-Colleges of Economics to say "free market" capitalism is the only way kiddies. It indoctrinates millions of non-wealthy Americans to advocate against their own interests. Hi.

They use their power over government not only to deregulate their own industries for profit, but to defund social supports and then use their media to shriek "see how government doesn't work?! Privatize everything!"

You can sing the praises of capitalism if you want, but capitalism not straight jacketed/draconianly regulated is a social blight that removes all humanity from society. A society shouldn't be in service to an economy, an economy should be a lowly tool to distribute goods and services for the benefit of society.

[–] Maggoty@lemmy.world 2 points 10 months ago

Actually it was my economics classes in university that highlighted how bad things are and how corporations need to be highly regulated. Even the professor who attempted to show us we couldn't regulate corporations and thus shouldn't try used a simulation that made it apparent corporations would strip the land and ocean of everything if they could.

It definitely depends on the university you go to, there's ideological differences in economic schools of thought. But the observed science is very simple and repeatedly proves demand driven programs at the bottom of an economy are far more powerful than supply driven programs at the top.