People in my hypercapitalist place relies on the state

[AsiaCel]

In my hypercapitalist place, it is almost impossible to live decently on your own.

The place is Hong Kong of China. A paradoxical combination of capitalism with some of highest inequality in the world and social welfare network that a lot of people depend on.

Roughly 40% something live in public housing

McDonald's, is state owned majority, supply decent meals (hygiene, price) with the subscription deals, especially with the poor here

Almost everyone out of upper middle class relies on public transportation, the trains are decent (albeit crowded) and usually runs on time

The wage isn't simply enough for decent living (unlesd you want to eat noodles and live in a shitty cage house all day) without some form of government (direct) money assistance; I am on disability, and the rest of my money is on welfare

Despite the government desire to cut benefits, they're redundant to cut the main wage benefit, to avoid unrest like 2019 I assume. 2019 was a protest when people lived okay enough.

Gini (source https://worldpopulationreview.com/country-rankings/wealth-inequality-by-country)

 

[weaselbomber]

Psyopped into thinking basic social welfare and well maintained infrastructure is socialism somehow
The first modern welfare state was the German Empire, under Bismarck’s suggestions

 

[AsiaCel]

Psyopped into thinking basic social welfare and well maintained infrastructure is socialism somehow
The first modern welfare state was the Kingdom of Prussia, under Bismarck’s suggestions

Socialism is pretty much state owned things. a socialist country is when the state owns all things, or at least, the businesses are subject to the state's will.

 

[Anarcho Nihilist]

Psyopped into thinking basic social welfare and well maintained infrastructure is socialism somehow
The first modern welfare state was the German Empire, under Bismarck’s suggestions

This happened in the late 1960s, when the Austrian school of economics, Hayek, Mises, and Ayn Rand's novel Atlas Shrugged began to promote the whole world to a more violent form of capitalism and began to promote hyperindividualism. In fact, any altruism or any attempt to help someone, such as helping the poor, was perceived as communism, as were any associations (collectivism) they began to be perceived as communism.

 

[AsiaCel]

This happened in the late 1960s, when the Austrian school of economics, Hayek, Mises, and Ayn Rand's novel Atlas Shrugged began to promote the whole world to a more violent form of capitalism and began to promote hyperindividualism. In fact, any altruism or any attempt to help someone, such as helping the poor, was perceived as communism, as were any associations (collectivism) they began to be perceived as communism.

I'm using the normie term of socialism. perhaps more accurate would be public ownership vs private ownership

 

[Anarcho Nihilist]

I'm using the normie term of socialism. perhaps more accurate would be public ownership vs private ownership

Yes, but we can say that the whole world has gone after the ideas of Hayek, Mises, Ayn Rand. Absolute greed and selfishness ceased to be perceived as an aberration or vice and became a kind of virtue. Everyone who is lucky considers himself an Atlantean and despises those who are a little less lucky and those who are lower in the economic hierarchy. In fact, there was a shift in values around the world in the late 1960s and early 1970s.

 

[LeFrenchCel]

It's both funny and pathetic how more often than not, people who support capitalism and despise socialism actually benefit a lot from the state, from public money and services, etc

 

[Anarcho Nihilist]

It's both funny and pathetic how more often than not, people who support capitalism and despise socialism actually benefit a lot from the state, from public money and services, etc

Because they are addicted to fashion, and if anarcho-capitalism or libertarianism is in fashion, then even the poor who depend on government aid will wave the black and yellow flags of libertarianism.

 

[boneless goblin]

do u work?

 

[Roastie Crusher]

I'm using the normie term of socialism. perhaps more accurate would be public ownership vs private ownership

My whole conceptualization of HK's rule of law came from John Stossel.


View: https://youtu.be/1uCUib1f9rQ?t=176