4 ms·
"21st-century capitalism" is a system - it is characterized by low worker negotiating leverage, a fragile social safety net, and low or nonexistent effective ta
by azernik 6y ago
"21st-century capitalism" is a system - it is characterized by low worker negotiating leverage, a fragile social safety net, and low or nonexistent effective taxes on businesses. He may have been better served by qualifying it as "21st-century American capitalism", but in context that is quite clear.
There were specific kinds of corruption and abuses that the Soviet system encouraged and abetted; there are specific kinds of corruption and abuses that the current American system encourages and abets. The system is indeed responsible for those abuses, just like any other system.
- dandare 6y agoYes, you have described the 21-century American political-economic system. What do you gain by adding the word "capitalism"? How are these negatives caused by defining characteristics of capitalism? How do you explain that other developed nations do not suffer from these problems despite also running on capitalism? Use Occam's razor. By adding unnecessary qualifiers to your statement you are decreasing the relevance of your statement, not increasing it.