2 ms·
sure, it's premature to be absolutely sure of the reasons for capitalism's current success (and potential demise), but that doesn't mean we can't draw any concl
by clairity 8y ago
sure, it's premature to be absolutely sure of the reasons for capitalism's current success (and potential demise), but that doesn't mean we can't draw any conclusions.
the underlying conjecture is that capitalism combines with modern political and cultural systems to create broad distribution of esteem and opportunity, while also being more efficient at it, so that attention is drawn toward positive-sum production (and away from zero-/negative-sum conflict), making it more stable than other systems like feudalism.
moreover capitalism seems to be flexible enough to combine with diverse political and cultural systems. the modern mixed economy, then, can be thought of as an expression of the pragmatic holistic sociopoliticoeconomic system (vs. the ideal) as it counteracts various forms of self-serving distortions.
do you believe maximizing personal capital is a worthy goal in itself, or is there another reason for the debate?