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by curation 1261 days ago
Why are global symptoms of capitalism (recessions, financializations, slow motion crashes aka inflation) subjects of speculation but the cause - capitalism itself - not?
2 comments

I’ll one-up you: capitalism isn’t the problem, people are the problem.
But we know that when we don't have boundaries, people will go to whatever extent to maximize their personal gains at the expense of others. That's why we have laws.
Capitalism no longer exists. Current economic systems are based around debt and not capital.
That’s seems like a very very narrow definition of capitalism
No, the idea of capitalism is that one acquires capital for future investment. One forgoes wealth in the present for wealth in the future. In debt based economics, this process is reversed. The future is leveraged for the sake of the present.