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> Things are getting tough for lots of people and that's with extremely high levels of employment. Capitalism has succeeded then.

• spir 3y ago
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  • yoyohello13 3y ago
    With lobbying, campaign financing, and regulatory capture, the rich and corporations effectively are the government.
  • popinman322 3y ago
    > That rising inequality is leading to poverty is a failure of government, not corporations or capitalism. Why introduce a layer of indirection by blaming the rich or corporations, when the rules are made by government? Blame the government directly. This implies that capitalism is not capable of self-regulation and therefore requires government intervention. It follows that this is a joint failure of capitalism and governments to reduce negative externalities that lead to high wealth inequality. > Let reddit handle the economic ignorance. Please don't include implicit ad hominem jabs at other posters. You could have omitted your first sentence with no loss to your argument.
  • sangnoir 3y ago
    So good things are a result of capitalism, and the bad concomitant outcomes are due to "globalization, AI" and "failure of government"? Perhaps there is a link between the cheap Walmart milk in your fridge, record Walmart profits, automation (self-checkout), hardball supplier negotiations and rising inequality as indicated by Walmart employees also being on SNAP.
  • CapstanRoller 3y ago
    Which country was first in space, and led space-related innovation? Capitalism didn't invent or produce computers or milk. Workers did. Capitalism is just a wealth distribution mechanism on top of innovation and labor that only concerns itself with how the wealth generated by workers is distributed. We can choose other mechanisms of wealth distribution.