this post was submitted on 18 Aug 2023
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politics

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[–] flossdaily -2 points 1 year ago (37 children)

I'm so sick of this nonsense.

Capitalism is the greatest generator of wealth ever created. The problem isn't the system generating the wealth. The problem is how we DISTRIBUTE the wealth that has been generated.

Any solution that doesn't recognize that is just ignoring the very clear history of economic systems.

Capitalism sucks, but it's better than every other economic system ever attempted.

Let's fix it with Democratic socialism, not burn it down and become the next USSR.

[–] guangming 12 points 1 year ago (1 children)

Capitalism is the greatest generator of wealth ever created

I feel like when making that "calculation", you've forgotten to figure in the complete and utter destruction of the biosphere, the impending losses due to climate change, the cost in human lives and well-being and dignity of enslavement, exploitation, and so on.

[–] flossdaily 0 points 1 year ago

I'm not, though.

Your conflating an economic system with a lack of regulation. There's no reason capitalism can't be regulated properly. The New Deal showed us that it has been in the past.

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