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by davmar 1601 days ago
So you're saying that if we did live under perfect capitalism, these problems wouldn't exist. But it's impossible to live under perfect anything, so it seems that instead of trying to become more capitalist, we ought to pick the system that works best while imperfect. Today I handed out survival kits at a homeless encampment. People are cold, tired and hungry. Child poverty, homelessness....this system is not working.

Anyway agreed on China. They've pulled 800 million people out of poverty.

2 comments

> So you're saying that if we did live under perfect capitalism, these problems wouldn't exist

Nope. But going back to my OP, I think this is a sound rationale for someone of a capitalist mindset to support welfare. It's fair to say that a capitalist society with perfectly rational actors does not exist. Its also quite possible that there are rational counterpoints within the capitalist frame that completely invalidate my argument - but I haven't seen that yet in this thread.

> Today I handed out survival kits at a homeless encampment. People are cold, tired and hungry. Child poverty, homelessness....this system is not working.

I agree.

Disclaimer: I think that unchecked capitalism is wrong, not just because humans are irrational actors, but that it's immoral for humans to serve an economy instead of the economy serving humans. The latter requires broad geopolitical intervention and the global will of people to hold their governments to account. But we always must remember that economies are human constructs, and one that can be changed with enough motivation.

China did this by becoming more capitalistic and interacting with the whole world. Many countries like India also eliminated hundreds of millions of cases of poverty, and it didn’t require forced sterilizations or a dictator.