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This is just what we have in the USA today. Capitalism can work, but what we have is lopsided in terms of power balance. Workers should have more power and leve
by HFguy 4y ago
This is just what we have in the USA today. Capitalism can work, but what we have is lopsided in terms of power balance. Workers should have more power and leverage but that has been eroded over time.
The volatility you describe is part of economic systems in general and hard to get away from. While it seems like a lot, it is actually far, far less than we had in the 1800s and prior to that.
- weatherlite 4y agoCapitalism can work and has worked well for the last few decades but I personally think we are in "late stage" capitalism or whatever you wanna call a system that starts to crush the middle class and younger generations, create unsustainable debt and wreak havoc on the environment. We'll see how it all plays out, will be interesting for sure...
- Schroedingersat 4y ago> Capitalism can work, but what we have is lopsided in terms of power balance. This is incoherent. Capitalism is the assigning of power and capital to those who have power over capital. It is fundamentally opposed to a balance of power. Assigning power to the collective or to workers is definitionally not capitalist. Mixed systems can work fine, but they are just that. A mixture of capitalist and other systems of organization.