3 ms·
There are many many more examples. I find it so tiresome to see young people just use capitalism as a catch all for the failure of something. It's such a lazy
by boringg 3y ago
There are many many more examples. I find it so tiresome to see young people just use capitalism as a catch all for the failure of something. It's such a lazy and uninformed argument.
I'm not carte blanche defending capitalism - its a mixed bag but it sure outpaces the competing systems put forward to date. It does need some stronger safeguards against industry self regulation - that has a bad track record.
- mc32 3y agoI think we're on the same page. Economic systems need failsafes so that they don't suffer from positive feedback loops. What anti-capitalist sympathizers, in my view, don't realize is that this is due to people being in the loop. These economic systems are merely vehicles, some better than others, but the conductors are people, be they communists or capitalists. At least with capitalisms there is a delayed regulator (negative feedback) in communism it's up to the system to decide if it needs to modify itself.