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> Capitalism is basically obtain a large enough, easily available enough pile of money today, to invest in productive resources, to generate a long term higher
by VLM 10y ago
> Capitalism is basically
obtain a large enough, easily available enough pile of money today, to invest in productive resources, to generate a long term higher than inflation income stream.
It has very little to do with markets except rather abstractly along the lines of a financial market being one way to obtain that money.
The article has it backwards. Capitalism as a system has already completely given up on young americans. Almost completely closed and nearly impenetrable. Some young americans have noticed and unchecked the "like" right back at it, as if it cares.
Its hard to run capitalism efficiently enough for it to work without free markets or in the presence of insane levels of corruption or income inequality. Young people will never experience economic conditions where capitalism works, so liking it or not is fairly irrelevant if its not going to work anyway.