#bitcoin #capitalism #capitalismsucks #memes #nostr
Discussion
$70k/min in dividends, equity appreciation, a combination of both, or some other way?
Walmart net profits for 2024 was $15.5 billion.
Just the company is profits not including any personal share appreciation.
So that meme is actually old and more absurd. Making Walmart owners north of $42 million a day.
That’s less than $30k a minute and the family doesn’t even own half the company. Your math isn’t adding up.
The meme was copied. The math I gave you was from their 2024 reports. The daily amount is correct. What math did you come up with?
I’m glad you pointed out the math being wrong and showing me that the greed and exploitation is way worse. Thank you!
If Walmart is making $42M a day in profit, the Walton family isn’t making even a quarter of what you posted. Still, more than anyone needs. We obviously need to gut the social programs propping the company up. Also, deregulation would allow competition.
Why would you gut the social programs?
That article is from 2020…but yes either way, they exploit their workers greatly!
Food stamps are welfare. That's socialism. Walmart depends on people on welfare. It depends on welfare. That's corporate welfare. This has nothing to do with "capitalism".
The irony of putting food stamps and capitalism together is too much.
People depend on wages to buy food, shelter, and water. Walmart does not pay enough wages for its workers to achieve this. The State has to step in with social programs to subsidize the exploitation of capitalism.
One came before the other.
They don't have to. They are choosing to. There are alternatives. But what is the motivation for Walmart to do anything different? The state is subsidizing their employees for nothing. That's a sweet deal. Minimum wage is over $15. We have exactly what the socialists asked for.
You just made my points for me. What do “socialists” want? Have you read up on socialism?
No, you made mine actually. And that's the thing about socialists they don't see the disconnect between the outcomes they want and the outcomes they actually get.
Socialism is just a parasite that uses capitalism as a host. It can't stand on its own and we're all better off without it.
It's all empty promises of free stuff that winds up costing more than just buying it outright.
I’m not a socialist. But let’s back up so we can maybe use logic and reason going forward. When, in your opinion has “true” capitalism ever exited?
Nobody said anything about free stuff.
According to Adam Smith, capitalism can and will evolve into the “parasite”.
But again, you tell me what capitalism is and when it has actually functioned uninterrupted.
Capitalism is just an economic system characterized by free markets, private property and guided by self interest. It succeeds all the time. Whether that's uninterrupted is subjective. But it's socialism that's failing.
Wrong, capitalism has nothing to do with free markets. Capitalism cannot exist in a “free market”.
No, you probably can’t tell me one company or a time period where capitalism was successful.
No, it’s not subjective.
If you are referring to United States as socialism failing, that is also incorrect. US does not operate under socialism.
Yah we have different definitions of what capitalism is. What is your definition?
Capitalism according to Adam Smith is a system of economics where the core tenets are:
Private Property
Self interests
Limited government interference/regulation
This is according to Adam Smiths ideas.
Yah so when I said free markets, that's limited interference.
Oh, well “free markets” and “limited interference/regulation are two totally different things.
I don't think they are.
Why is it that I answer every question you ask me but you don’t answer my questions?
Which questions haven't I addressed?
What do socialists want? Have you read pro socialist material?
Generally what they want is control of the market. Everything else stems from that. I have read quite a bit yes
Socialism wants ownership of the means of production and resources to be owned by everyone, not corporations like Walmart.
It also believes in community and everyone working together so that no one goes without and no one exploits.
If you don't think the US operates at least partially under socialism you're buying into leftist propaganda.
You already admitted that Walmart takes advantage of social programs by getting free labor AND you defended them. Are you saying Walmart is not a capitalist company?
Walmart takes advantage of both socialism and capitalism. You can take it as defending them if you want, but my position is they're free to do that. I think that's just defending freedom.
Good, we found common ground. I agree. Now, historically speaking, if you are driven by “profits” you will ALWAYS seek more profits by any means necessary. So, capitalism will exploit ANYTHING for profit. My argument is, there is OBVIOUSLY a better way and capitalism IS unsustainable.
Well that's why anarchy doesn't work. Capitalism isn't unsustainable. Corporatism is.
I wasn’t asking you if capitalism was unsustainable, I was telling you it is mathematically unsustainable.
What is corporatism to you?
Well I don't care that you're telling me anything. I don't accept your claim. As far as corporatism, it's basically a fascist concept of combined cronyism and taking advantage of market manipulation and working in collaboration with the state to create monopolies.
It’s not a claim, it’s math.
Thanks for the definition.
Now, let’s go back to where you said “Why would Walmart not take advantage of subsidized labor?”
With logic, reason, and your own statement let me ask you a very important question. Why would capitalism, a system that functions on self interests ever limit itself to not use the government to grow its profits? I know you call it corporatism or crony capitalism when that happens BUT that’s what capitalism evolves to…according to your very own statements. Why would it not take advantage of any and all avenues?
#capitalism #bitcoin
You didn't actually provide any math... You made an unsubstantiated claim lol
Now, let’s go back to where you said “Why would Walmart not take advantage of subsidized labor?”
With logic, reason, and your own statement let me ask you a very important question. Why would capitalism, a system that functions on self interests ever limit itself to not use the government to grow its profits? I know you call it corporatism or crony capitalism when that happens BUT that’s what capitalism evolves to…according to your very own statements. Why would it not take advantage of any and all avenues?
Math for you:
Capitalism is profit driven.
Resources are finite.
Everyone is competing for resources to acquire as much profit as possible.
Whoever has the most capital controls the resources.
Game over.
Ever played Monopoly?
I’m sincerely trying to discuss this in good faith with you but I’m starting to think that there may be a pretty big age gap between us which also means experience.
Please elaborate on why it’s so ironic and maybe we can find common ground. I’m willing to learn.
Government subsidies of any kind are not a part of capitalism. Capitalism says charity shouldn't be a role of the state because the state isn't effective at it.
That is not what capitalism is according to Adam Smith. Have you read Adam Smiths writings? How do you have property claims without someone to enforce it? Who protects you from someone taking your property?