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You say all this as though we didn't get to capitalism by iterating. What, are we supposed to stop iterating now because we're more comfortable than we were bef
by RankingMember 3y ago
You say all this as though we didn't get to capitalism by iterating. What, are we supposed to stop iterating now because we're more comfortable than we were before?
- FredPret 3y agoIterating means refining what works, which means we have to take a step back and recognize the successes of capitalism over the past couple of centuries. Only then can we intelligently try to address any failures in a non-destructive way.
- RankingMember 3y agoYou say "Only then", but in the US these failures already were being addressed (see: New Deal) until they were pulled back in the 80s. I think people are rightly frustrated by this.
- FredPret 3y agoIf people looked at a graph of their real income and wealth over time, they'd be delighted, not frustrated
- RankingMember 3y agoWealthy people would be, yes of course, but what about the vast majority whose wages have stagnated since then? https://www.pewresearch.org/short-reads/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/short-reads/2018/08/07/for-most-...