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by ianbutler
1926 days ago
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Not really capitalism's fault. Regulatory capture, weak laws that let that happen, government corruption, lobbying laws and other things are more to blame. The USA was still a capitalist society when the American dream was alive and well with a thriving middle class. Meanwhile nations with planned economies, abolished land ownership and worker owned means of production were starving and seeing general iniquity. Now those protections that gave us a thriving middle class and general economic prosperity have been largely gutted and our government generally subverted. My point is, the ills of a country are likely the cause of governmental failings and destabilization exploited by the ruling class of the system to entrench themselves and expand their interests at the expense of the general public, regardless of what that that system is. It can happen to any system of governance paired with any economic system. I think we should be cleaning our government up and taking that power back, but that by putting the blame squarely on capitalism you're missing the forest for the trees. The problem is allowing whatever naturally formed ruling class in an economic and or political ecosystem from concentrating too much power, and potentially resources [1], in the first place. [1] Though I'm skeptical of this but in so much as resources equate to power maybe it's necessary. |
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