Post by @givesomefucks@lemmy.world

2026-10-15 01:50 UTC

Socialism used to be something we Americans picked up in our freshman dorm room and dropped right around the time HR walked us through the concept of a 401(k) match I hate when people project their own failings onto everyone else to feel better about themselves… Loads of people can personally accumulate wealth well past entry level.office work and not sell out their class. Also pretty underhanded to call utility monopolies socialism when it’s a capitalist monopoly. If basic services operate for profit, it doesn’t matter if the city or a corp gets the profits. It shouldn’t be free, but public utilities just should never turn a profit.

Replies (4)

@resipsaloquitur@lemmy.cafe 2026-10-15 03:59

I must have tested-out of socialism 101.

Open ##5194396
@I_Jedi@lemmy.today 2026-10-15 04:01

Well, I do see value in the use of civil asset forfeiture to distribute housing. I would have to think for a second about signing up for law enforcement if my local police force used that to get some mansions to themselves.

Open ##5194539
@Arcanepotato@crazypeople.online 2026-10-15 03:06

I’m only familiar with local utilities, but are there public utilities that turn profits? What happens to the profits? I know of private utilities that are owned by municipalities and they pay dividends back to the municipality which is used in the city budget. There is also Hydro One which is about 50% owned by various orgs and is publicly traded. They pay dividends but like $0.35 per share, quarterly.

Open ##5195763
@criscodisco@lemmy.world 2026-10-15 04:26

Surviving within the system doesn’t mean you believe in or support said system. I would much rather have my old pension that was eliminated at my last job than have my financial security hinge on the whims of a bunch of gambling addicts and AI bros.

Open ##5195764