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by h0l0cube 1589 days ago
> 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.