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by ue_
3189 days ago
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>Don’t blame capitalism because capitalism would never support the artificial cost inflation caused by government intervention. What is capitalism other than the system of predominant wage-labour, private ownership of socially productive property (supported by the state), capital accumulation and class society? The idea that capitalism cannot be blamed for the fact that people are required to obey the whims of speculators in the market, to tailor their ambitions such as to maximise wage rather than to pursue enjoyment and the replacement of relations between people with relations between commodities is absurd. Capitalism "supports" whatever will make a profit; in this case, student loans turn profits. Why would this system of student loans not occur under government intervention? There clearly exist private loan agencies. To be clear I'm not speaking in favour of the Cuban system, so please don't assume that I am. |
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