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There is wealth and power accumulation in every known human social system. Capitalism just makes the wealth and power contingent on having delivered value to a
by pfannkuchen 3y ago
There is wealth and power accumulation in every known human social system. Capitalism just makes the wealth and power contingent on having delivered value to a large number of people, were “value” is judged by those same people. The problem comes when the people do not judge value correctly, such as when they weigh positive first order effects over much worse Nth order effects (for example obesity inducing foods). Tearing down the current system would not address the problem of wealth or power concentration, it would just change where it is concentrated. Better regulation is needed. Definitely removing the ability of the wealthy to directly influence regulation is needed.