Any system dealing with human nature will always be inherently flawed. The fact is, in over 250,000 years of our species existing, our technological prowess only really exploded once the concepts of money and trade were invented. Regulate these properly, and you have an incredibly powerful industrial machine that will improve everyone’s lives.
Well-regulated capitalism on the other hand has resulted in an explosion of technological advancement like no other era in human history.
The key is regulation. Not too little, but not too much either. Some things, like minimum wage, are clearly under regulated. Other things, like mandating USB-C, are honestly better left to the free market (and I fucking love USB-C.)
As far as (1) goes, 90% of the content on Lemmy is just a Lemmy circlejerk, the remaining 10% is memes. What influx of “low effort content” could possibly make the discussions on Lemmy worse than they already are?
As far as (2) goes, you realize your data on Lemmy is open to everyone to scrape, not just Meta? Every single one of your upvotes is public.
Mulberry silk sheets, pillowcases, duvet covers ($1.2k/set) - best sleep I’ve ever had, keeps me crisp and cool at night
Eames chair ($10k) - the best lounge chair I’ve ever had
LG OLED TV as a PC monitor - the best PC monitor you can get
IMO this is such a shortsighted take and defeats the point of federation because of a knee jerk response.
There is the potential for federation to grow massively with the injection of billions from big tech.
Capitalism, well-regulated, has worked - it’s not some dangerous idea that will result in our self-destruction (at least, there is no historical basis for this.) On the other hand, history shows we are much more likely to see communism self-destruct (into authoritarianism/totalitarianism.)
I agree that the generational wealth aspect is the worst aspect of capitalism and I wish that could be reformed.
A note - technology does not progress exponentially. In fact, it rarely has. We have had dark ages lasting between hundreds and tens of thousands of years between incremental advancements. The progress of technology is in no way guaranteed, your society needs to encourage continued R&D into technology, which regulated competition/profit motive does especially well.
I anticipate that at some point in the future we can abandon capitalism entirely, as we will have technologically advanced to the point where we don’t need it anymore.