Capitalism in fact all economics is based on exploitation. definition of exploitation: make full use of and derive benefit from (a resource). > power imbalanc

Capitalism in fact all economics is based on exploitation. definition of exploitation: make full use of and derive benefit from (a resource). > power imbalances Some people have capital, most people don't. Those who don't have it are exploited as in above. > races to the bottom This is a bit more difficult to prove. But from Wikipedia: "The race to the bottom is a socio-economic phrase which is used to describe government deregulation of the business environment or taxes in order to attract or retain economic activity in their jurisdictions. An outcome of globalization and free trade, the phenomenon may occur when competition increases between geographic areas over a particular sector of trade and production." We call this Economic Liberalism and it is the prevailing economic theory. There is a logic that justifies all of this as a good and positive thing from a societal or even a global development prespective. But the cost for all of these is definitely paid by the individual.