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by dragonwriter
1210 days ago
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> It should be noted that, empirically, all other economic systems that have been tried are even worse than capitalism as far as people’s perceptions of their existence. The modern mixed economy, which has displaced the system for which the name “capitalism” was coined during the early to middle 20th century in virtually every place that it existed at the time the term “capitalism” was coined for the dominant economic system of the industrialized portion of the West in the mid-19th century, has, empirically, not been worse than capitalism as far as people’s perceptions. If you compare only precapitalist systems and Leninism and its derivatives, you’d be right. > Compare this to socialist economic systems, where opting out is illegal and classifies you as a social parasite. The modern mixed economy is the closest (though not a very close) thing to a socialist economy system that has been tried on any large scale basis (its even the closest thing – though again not a very close thing – to a Marxist system, despite Leninists trying to claim the name.) Vanguardist elite authoritarian state capitalist command economies are not socialist, and not (despite the aspirational claims originally made for them) empirically an effective way of bypassing the need Marx identified to go through a period of private capitalist development on the way to a socialist system. |
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