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I wasn't criticizing capitalism in relation to communism, and I didn't claim to prefer it. It's possible to regulate an economy to keep competition healthy and

I wasn't criticizing capitalism in relation to communism, and I didn't claim to prefer it. It's possible to regulate an economy to keep competition healthy and minimize the destructive aspects. I think the way our system gets better is through good-faith efforts of smart and ethical policy makers, curated and elected by an efficient democracy. There's plenty of work to be done to get closer to that ideal.

simonh 5y ago
Sure, I agree with that completely. I’m no free market purist, more an old school liberal. I just don’t think most of the criticisms of capitalism are in any way specific to it. In fact non capitalist societies seem to suffer far more from these flaws than free market economies. Rent seeking, labour abuses, corruption. These are human flaws and therefore seen in any economic system and must be constantly rooted out.