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by davidw
1042 days ago
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If people actually bothered to read the link I posted, it is all about the lazy blaming of a wide variety of problems with specific solutions on a very hand-wavy "capitalism". I know a fair bit about about the housing shortage for instance, and it's not "capitalism". It's a specific set of rules and institutions that cause the problem. |
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To me, the root causes of the housing crisis are zoning and the endless supply of newly created money from the Federal Reserve. Both of these policies are direct results of those who own housing (aka capital owners) politically insisting that the value of their "investments" continually go up. That's capital acting on the meta-system to optimize for capital itself. It's sensible to lay the blame for this on capitalism itself, and doing so doesn't mean I'm looking to somehow blow away the entire system in favor of some completely different -ism.
I'd personally make my own distinction of centralized capitalism versus distributed capitalism. But that's more of a constructive argument of how to specifically reform the system, while still sharing the general criticism.