4 ms·
Classic case of 'not looking at the bigger picture'. If you look at standard of living in the west, since the industrial revolution, it's increased exponentiall
by vegancap 12y ago
Classic case of 'not looking at the bigger picture'. If you look at standard of living in the west, since the industrial revolution, it's increased exponentially, massively. More than anywhere else in the world, and it almost directly correlates to the more economically free parts of the world.
Yet every time there's a minor blip in that massive, massive rise in wealth and standards of living, people band together t blame Capitalism, forgetting the massive improvements to quality of life it's given us.
Actually what we have now, despite all that is somewhat broken and it's not even Capitalism in its truest sense. We're constantly battling against the feverish symptoms of Corporatism. Big business bail-outs, state monopolies, printing fiat currencies and the inflation it causes.
So whilst there are problems, don't blame 'Capitalism', blame those who try to 'improve' or 'skew' the heart of Capitalism. Which is free-trade, entrepuanlerialism and innovation. Not price fixing, inflation or quantitive easing.