this post was submitted on 14 Aug 2023
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The problem is that money is permited to generate money. So the more you have beyond the threshold to sustain yourself the more you can generate without labour. The business with no interest loans accelerates things but it isn't the problem. It is that the system rewards idle investors at the expense of those whose labour actually generates value.
Capitalism wasn't fine until someone broke it. The core concepts behind it are flawed.
I've said this plenty of times but it bears repeating, the problem isn't capitalism or the type of social structure, the problem is people. Capitalism is a simplistic and ultimately ineffective solution, because it doesn't account for the human problem.
People will always try to game the system. We need a system that recognises and accounts for that.