Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
Agreed. I have a similar critique of some of the other comments. A lot of people are pointing to problems right now and drawing the conclusion that capitalism caused those problems. No doubt that capitalism was part of many problems but I think it’s flawed to say the problems of today are uniquely caused by capitalism.
I can’t think of a country that is purely capitalistic. They’re usually some mixture of free-market with government intervention where needed. I think the US is in a period of transition but that description will likely hold for the future.
Mixed economy is the term. It’s the almost universal modern economic model, though of course the balance varies widely.
Or communistic, or socialistic, or… But everyone with a bone for one or the other always trots out the fact that there has never been a purely <fill in economic theory> country, while pointing out the faults of some other country that they argue is purely whatever side they don’t like. Seems more constructive to look at countries that have higher life satisfaction, lower ecological damage, or whatever metric you want to use for most good and figure out what makes them work. And then, instead of complaining about how yeah, but it would never work here, try to figure out how to implement what worked.