The author keeps saying capitalism is at fault but I’d argue the bigger issue is that the world economic system is not capitalist at all. The world economic sys

The author keeps saying capitalism is at fault but I’d argue the bigger issue is that the world economic system is not capitalist at all. The world economic system is debt based and not capital based. Debt is accumulated as if it were capital instead of saving for future investment. Essentially, the time order is reversed. Instead of sacrificing the present for the future, the future is sacrificed for the present. The entire economic system functions in this manner, and it perverts every signal. It encourages spending now, ROI now, and worry should never happen. Of course, this also means that debts eventually collapse and the system collapse wipes out all but the largest players, concentrating all wealth at the top. This will keep happening as long as the system is debt based.