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Capitalism works perfectly if you just ignore all the inevitable disasterous consequences and outright failures.
by readyman 2y ago
Capitalism works perfectly if you just ignore all the inevitable disasterous consequences and outright failures.
- ars 2y agoAnd your better alternative is........... ?
- margalabargala 2y agoCapitalism with much stronger consumer-protection regulations?
- kelipso 2y agoChina is doing pretty well. In before a wall of text about how China is doomed or whatever.
- realusername 2y agoChina is doing well is a funny take post covid. The argument worked much better 10 years ago when they still had large growth. "Doomed" I don't know but they seem quite stuck now between a lot of internal problems.
- ausbah 2y agoonly once they switched to free market principles under deng. iirc as their growth has been slowing it has been due to increasing state clampdown on the economy
- giovannibonetti 2y agoI assume you aren't aware of China's housing market bubble [1]. [1] https://en.m.wikipedia.org/wiki/Chinese_property_sector_crisis_(2020%E2%80%93present) https://en.m.wikipedia.org/wiki/Chinese_property_sector_cris...
- mistermann 2y agoCapitalism moderated by various systems emerging from a genuine, sophisticated democratic system would be my advice. We have a lot of work to get from here to there though, and much of it is the undoing of mass psychological condition.
- readyman 2y agoCapital will simply undermine the democracy again. It's literally that simple. Capitalism and democracy are fundamentally at odds.
- mistermann 2y agoThis part is important: > from a genuine, sophisticated democratic system Do you think something more powerful than capitalism is impossible?
- truckerbill 2y agoSocial democracy
- atq2119 2y agoMarket socialism. Or some in-between that recognizes that wealth and corporate power has a genuine responsibility to society as a whole. Myopic focus on profit as the only metric is the biggest problem, after all.