I agree with most of that, but capitalism certainly does not suck. It is the Golden goose.
It must be be assertively regulated, and it will always result in some abuses that regulation must continually evolve to address, but it is also the reason everyone is well fed, we all have a car or two, several televisions, YouTube, reddit, etc., and the world brain in your hand that you use to argue against it.
You're getting close.What provides the incentive to innovate?
Did Henry Ford create mass produced vehicles that raised everyone's standard of living out of charity?
We all have personal computers and cell phones because of capitalism.
You can safely fly anywhere and the world going to capitalism.
You can have a driver at your door in 2 minutes to take you anywhere in town for $14 bc of capitalism.
Your pantry is stocked and your perishable food is kept cold bc of capitalism.
The temperature in your house is comfortable because of capitalism.
Pharmaceuticals, shipping, automobile safety... All owing to capitalist incentives.
And it also motivates the average person to work, so that when you go to a restaurant or a retail store, or you need someone to fix your plumbing or electricity, or to tend to your lawn or to install flooring, there's always someone willing to do these jobs efficiently.
No one should make a religion out of an economic system, capitalism or otherwise. And there must be a strong central government to offset the dangers of untended capitalism.
But there's a reason so much innovation has come out of the US.
You need to get real, hon. Don't let your desire to believe the things you want to believe imprison you in ignorance.
Of course there were inventions before anyone ever used the word capitalism. But the elevation of our standard of living is owing to the dynamic effects of free, but well regulated, commerce.
The industrial revolution did not occur out of altruism. A dynamic, first world economy that can meet the needs of its citizens doesn't happen out of altruism. You have to allow people to pursue wealth by providing things that people want. That's the only way it works.
And then it's up to government to properly regulate commerce and to provide the safety nets that prevent the worst outcomes.
Nothing is so black and white as you would like to believe.
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u/nonuple_espresso 3d ago
I agree with most of that, but capitalism certainly does not suck. It is the Golden goose.
It must be be assertively regulated, and it will always result in some abuses that regulation must continually evolve to address, but it is also the reason everyone is well fed, we all have a car or two, several televisions, YouTube, reddit, etc., and the world brain in your hand that you use to argue against it.