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by Apocryphon 3712 days ago
Also, usually when people criticize capitalism, they're referring to "the current modern day manic deregulated post-neoliberal form of capitalism" as shorthand. People are probably okay with capitalism as practiced in the postwar era, when there were stronger social safety nets in the West.
1 comments

Honestly, usually not. There's an argument to be made that capitalism causes industries to tend towards monopolies (or at least oligopolies) in many areas, monopolies centralise money, money equals power, power then gets used to remove safety nets in the name of making more money - so the current state of things is nearly inevitable. Even if the vast, vast majority of cases don't lead to monopolies, it only takes a couple of large industries.