• HiddenLayer5@lemmy.ml
    link
    fedilink
    English
    arrow-up
    27
    arrow-down
    7
    ·
    1 year ago

    You say that like it’s worse than the current capitalist epidemic of giga corporations pushing independent farmers out of the market to the point of leaving them jobless and forced to sell their farm to them for cheap.

    • ThePenitentOne@discuss.online
      link
      fedilink
      arrow-up
      10
      arrow-down
      4
      ·
      1 year ago

      But it’s different when a monopoly/oligopoly does it! Surely… The difference here really is that there is no incentive to decide more coal miners are required, whereas our shitty version of capitalism absolutely pushes for companies to fuck over competitors any way possible. It makes it near impossible for small businesses to stand up to established ones with all the resources.

      • huge_clock@lemmy.world
        link
        fedilink
        arrow-up
        5
        arrow-down
        8
        ·
        1 year ago

        “Fuck over competitors” or “be more competitive”? Competition is an important feature of capitalism that has lead capitalist countries to the highest standards of living in the world.

        • zbyte64@lemmy.blahaj.zone
          link
          fedilink
          English
          arrow-up
          6
          arrow-down
          1
          ·
          1 year ago

          What kind of competition though? Competing over how little I pay my workers might temporarily boost the standard of living in my own country if I offshore labor, but it seems to turn the standard of living into a ponzi scheme. Where one needs to continually find a cheaper source of labor to maintain the quality of life.

          • huge_clock@lemmy.world
            link
            fedilink
            arrow-up
            3
            arrow-down
            3
            ·
            1 year ago

            Employers compete for labourers, so they have to raise wages to attract employers in tight labour markets. Offshoring has been going on for decades but it’s slowing down as developing countries are becoming more wealthy (ie: China)

            • zbyte64@lemmy.blahaj.zone
              link
              fedilink
              English
              arrow-up
              5
              ·
              edit-2
              1 year ago

              Right now the UAW is going on strike for those higher wages. CEO of Ford says those wages will bankrupt them. Is he telling the truth?

              • Shyfer@ttrpg.network
                link
                fedilink
                arrow-up
                5
                arrow-down
                1
                ·
                1 year ago

                Not to mention that the whole idea behind the Fed raising interest rates and “cooling off the economy” is to raise unemployment, lower employee bargaining power, and therefore keep wages low.