2 ms·
I'd agree with this. (I also briefly lived in a socialist paradise myself.) I'm not a fan of capitalism, but everything else has historically been worse. The
by convivialdingo 11y ago
I'd agree with this. (I also briefly lived in a socialist paradise myself.)
I'm not a fan of capitalism, but everything else has historically been worse. The only pre-capitalist system that may have worked well was distributism, but that was under an aristocratic rule.
I think the modern fair market issues we have in all 1st world nations isn't a feature of capitalism - it's the failure to reign in plutocratic tendencies.
Democratic nations have a tendency to ignore oligarchs as they initially grow industry and produce lots of growth. Long term though, they tend to become parasites on the budget and political vampires.