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Of course. Capitalism is a useful tool, because markets are the best known tool for facilitating economic growth. However, capitalism is in itself an inherentl
by danny_codes 5y ago
Of course. Capitalism is a useful tool, because markets are the best known tool for facilitating economic growth.
However, capitalism is in itself an inherently broken system: because of the nature of capital, a perfectly capitalist society will approach a state where one actor owns everything, and everyone else owns nothing. As such, all countries practice a form of mediated capitalism: market functioning is limited by governmental action. Certain markets are not allowed to exist, while others are managed via regulation.
There is no inherent reason why capitalism cannot be adapted to preserve the utility of markets while simultaneously eliminating poverty.
- systemsignal 5y agoIdk how you can derive that as the optimal state of capitalism The optimal state of capitalism is where resources are being allocated so perfectly, any changes would be a net negative to society