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Why are global symptoms of capitalism (recessions, financializations, slow motion crashes aka inflation) subjects of speculation but the cause - capitalism itse
by curation 4y ago
Why are global symptoms of capitalism (recessions, financializations, slow motion crashes aka inflation) subjects of speculation but the cause - capitalism itself - not?
- brookst 4y agoI’ll one-up you: capitalism isn’t the problem, people are the problem.
- za3faran 4y agoBut we know that when we don't have boundaries, people will go to whatever extent to maximize their personal gains at the expense of others. That's why we have laws.
- BirAdam 4y agoCapitalism no longer exists. Current economic systems are based around debt and not capital.
- switch007 4y agoThat’s seems like a very very narrow definition of capitalism
- BirAdam 4y agoNo, the idea of capitalism is that one acquires capital for future investment. One forgoes wealth in the present for wealth in the future. In debt based economics, this process is reversed. The future is leveraged for the sake of the present.