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>Technological advancement and others are simply by-products. lol - and what by-products those are! Before widespread adoption of capitalism look at the pace
by EricE 5y ago
>Technological advancement and others are simply by-products.
lol - and what by-products those are! Before widespread adoption of capitalism look at the pace of technological and economic development. How many people were in poverty - and I mean real poverty, not the ridiculous definitions of "poverty" we have today. Freedom, self-determination, governance - capitalism was the grease that unlocked the true human potential - everyone working collectively towards their own enlightened self interests.
Search YouTube for Milton Freedman and the pencil - he does an amazing job of outlining just how remarkable the free market is when you think about it - even for something as simple as a pencil. Decentralized/cooperative beats the hell out of central planning every time - simply because there are far too many variables, even with todays modern technology.
Is capitalism perfect? Nope. It's simply leaps and bounds better than any other systems we have used before it. It's not even close!
>If technological advancement does not satisfy the return of capitals, it simply turns its focus elsewhere, be it making wars, dealing drugs or slaves, or whatever that brings about the biggest return of capital within acceptable risks.
How is war, killing your customers with drugs or even slavery remotely profitable? Especially since the capitalistic countries rejected slavery ahead of most other non-capitalistic countries.
You need to bone up on history a bit more and stop buying into political propaganda.
- markus_zhang 5y agoI think selling drugs and weapons is still good business? You need to read history a bit more. I'm not saying Capitalism didn't advance technology or make our life better, but again, as I said they are just by-products and we should not treat it as guaranteed.