Mastodon Feed: Post

Mastodon Feed

Boosted by baldur@toot.cafe ("Baldur Bjarnason"):
paninid@mastodon.world ("Coach Sankhavaram ®") wrote:

Apologies for being literate and applying critical-thinking skills. It will happen again.

A screenshot of a social media post from laura olin [@]lauraolin.bsky.social that includes a red profile icon and a Follow button. The top text reads, "Abdul El-Sayed on capitalism: 'I’m capitalist who just knows about capitalism. I have a bad habit of reading, I’m so sorry.'" Below this is an embedded block of text with the heading, "We've spoken about capitalism versus socialism." This block contains the following verbatim text: "Do you want to talk about capitalism? Let's talk about capitalism. Are you recording? Capitalism is about leveraging the laws of supply and demand to efficiently allocate capital expenditure to maximize value. When capitalism works, it's because you have free entry and exit into markets. So if you believe in capitalism, you have to believe in government regulation to protect markets. In fact, right now, we have exactly the opposite. You don't have to be a socialist to believe that you should be taxing billionaires their wealth. In fact, if you are a capitalist, you should believe in that. So, I'm capitalist who just knows about capitalism. capitalism. I have a bad habit of reading, I'm so sorry."