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They're not wrong. Late stage capitalism sucks, but the alternative systems out there seem to lead to mass starvation or total collapse. People have been lifted
by 7thaccount 2y ago
They're not wrong. Late stage capitalism sucks, but the alternative systems out there seem to lead to mass starvation or total collapse. People have been lifted out of poverty worldwide as well. Some kind of balance seems necessary.
- harimau777 2y agoThe welfare states of Western Europe and the Nordic countries seem much better than America's system of late stage capitalism and they have not lead to mass starvation or total collapse. Likewise, America's economy seemed to be much more healthy when it had a more active/successful labor movement.
- Der_Einzige 2y agoThose welfare states only exist as such because the US subsidizes their drug discovery, R&D, defense, spooks, and related. Without the US taking one for the team, Europe could not maintain its social democracies or its welfare states.
- harimau777 2y agoThen I think that the US should stop taking one for the team and we can work from there.
- 7thaccount 2y agoI'm not sure if the current success of Norway can be replicated everywhere. It has a small population living off a state oil fund that has something like $300k/person.