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Capitalism is exploitative
- Note: For the purposes of this argument, capitalism is defined as an economic system whereby states manage affairs in order to protect the interests of the wealthy and the elite.
Supporting arguments
The purpose of capitalism is to enable the elite to maintain their standing by oppressing the majority of the population. This is accomplished through collaboration with states, which are an inherent part of any capitalist society. [1]
- Related argument: Capitalism requires states in order to function.
Capitalism leads to numerous destructive effects that are harmful for individuals and society. [2]
- Related argument: Capitalism is destructive.
Capitalism commoditizes people, reducing them to monetary value. This is denigrating and unethical, and contrary to reason because it subordinates humanity to the market rather than the other way around. [3]
Capitalism requires most people to be engaged in wage labor, working for those with capital and ownership of land. Wage labor is exploitative. [4]
In capitalist societies, governments intervene in economic markets in order to make the means of production more scarce. This reduces the relative power of labor (i.e. the majority) compared to the wealthy and elite. [5]
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By increasing the minimum cost of subsisdence living through governments, capitalism reduces the bargaining power of workers and promotes exploitative wage labor. [6]
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Capitalism is a system whereby elite individuals control markets to enable monopolistic practices, increasing their own profits while harming society as a whole. [7]
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Opposing arguments
Capitalism needn't be a system in which states intervene to protect the interests of the wealthy and elite. That is more properly called state capitalism or corporatism. True capitalism is a system of free and voluntary exchanges, and it is beneficial. [8]
- Related argument: Capitalism is beneficial.
- Related argument: Free markets are possible.
- Related argument: The implementation of capitalism in the modern world has been successful.
- Related argument: Societies should practice capitalism.