3 ms·
Did we not learn that Capitalism failed a long time ago? Why else will we have an Insurance system that is deeply incentivized to not cover your conditions? Why
by perseusprime11 10y ago
Did we not learn that Capitalism failed a long time ago? Why else will we have an Insurance system that is deeply incentivized to not cover your conditions? Why else will we have an Education system that is deeply incentivized to profit off your education and put you in debt for your life?
- twblalock 10y agoYou may not like capitalism, but it is an indisputable fact that capitalist societies have higher standards of living, including for the poor, than societies that use any other economic system. By that standard, it's more successful than any other system, and hardly a failure, despite what other problems is has. By the way, the problems you describe about insurance (I assume you mean health insurance) and the high cost of education are not characteristics of most capitalist economies. The United States is an outlier in those areas. Plenty of other capitalist countries have universal health care and free education. Plenty of others have universal health care and non-free education. Only the US has the double-whammy of expensive health care and expensive education.
- perseusprime11 10y agoHow does Universal Health care and Free education play into the principles of capitalism?
- Clubber 10y agoNot every industry has to be capitalist to have a capitalist economy, just like having a pure democracy isn't the only way to have a democratic political system. The trick is finding the bugs and fixing them.