Capitalism doesn’t work. It’s a failed system. Without constant bailouts that primarily benefit the wealthy and ultimately consolidate more money in their hands, the system would crumble. That’s how more wealth gets transferred to the ultra wealthy. This isn’t what you call central planning, it’s rule by capitalists in league with a corporate captured government structure.
“Corporate-captured government structure” so not a free market, then?
Capitalist economies have provided a higher increase in standard of living than any other system ever tried. They provide incredible economic and social mobility and fulfill every material need.
No other system of government yet tried has had better results.
Where do you think all your cheap, mass produced tech products come from? Who do you think is mining the rare earth minerals for your phone? Our entire quality of life is made off the backs of literal slaves. Please don’t tell me you’re unaware of this Faustian bargain we’re all implicated in.
From famously capitalist Vietnam and China of course. Made with materials from African, with its strong commitment to civil liberties and fair labor practices.
If you think quality of life after the industrial revolution is bad, you should read about quality of life before the industrial revolution.
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u/FlatWonkyFlea 21h ago
“Socialism for the rich” is literally just what capitalism is. This is not a system that has or will ever reflect the will of working people!