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Workers are being priced out of Toronto. Can we reverse course? (tvo.org)
submitted 1 year ago by to c/canada@lemmy.ca
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cross-posted from: https://lemmy.ca/post/48790317

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[–] 19 points 1 year ago (2 children)

Capitalism is working as intended, and it's destroying us.

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  • [–] 7 points 1 year ago (1 child)

    Capitalism is a funnel -> those with capital extract additional capital from those without. I say this as a small business owner, just barely turning towards "winning" the game if capitalism after decades on the other side. It's a resource snowball, and only a few can win.

    Ideally, there is regulation, scaling taxes and redistribution. That part seems more broken the further along you get.

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  • [–] 3 points 1 year ago

    Ideally, there is regulation, scaling taxes and redistribution. That part seems more broken the further along you get.

    Of course, cause a part of the snowballed resources are used to break those. From one angle you could see the resource snowball (capital accumulation) as a self-reproducing phenomenon that drives the system into unstoppable feedback loops till they lead to various breaking points.

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