Invoking cronyism as a downside in itself is silly. It's not what matters, what matters is the quality of life. And just because US and a few other capitalist countries have drank from the neoliberal fountain and are unable to stop, it doesn't mean that that is the only way. In fact social democracies, of which there are quite a few examples around the world, are pretty much still capitalist democracies whit none of the crap neoliberal ideas lead to.

[–] agamemnonymous@sh.itjust.works 3 points 1 year ago* (last edited 1 year ago) (1 children)

Every one of those four is a mixed economy with significant central economic planning and regulation. Without substantial oversight, capitalism tends to degrade into private monopolies with feudalistic tendencies over time. Like I said, it's an idealistic system which looks great until actual people are involved. Then you have to either modify it past anything but a spiritual similarity, or drown in the neoliberal fountain.

[–] RidcullyTheBrown@lemmy.world 0 points 1 year ago (1 children)

Every one of those four is a mixed economy with significant central economic planning and regulation.

Every one of those four economies are democratic capitalist economies. What is mixed?

[–] agamemnonymous@sh.itjust.works 3 points 1 year ago (1 children)

central economic planning and regulation

The fact that every successful "capitalist" economy is heavily regulated speaks to the efficacy of pure capitalism.

[–] RidcullyTheBrown@lemmy.world 1 points 1 year ago* (last edited 1 year ago) (1 children)

There is no such thing as pure capitalism. If you're talking about capitalism without regulations, that is called anarcho - capitalism and it doesn't actually exist anywhere at the moment.

[–] agamemnonymous@sh.itjust.works -1 points 1 year ago (1 children)

Uh huh, the old "Real capitalism had never been tried" cliché

[–] RidcullyTheBrown@lemmy.world 2 points 1 year ago (1 children)

I am giving you examples of perfectly functioning nations under capitalism, you're replying one sentence nonsense. This conversation is over

[–] agamemnonymous@sh.itjust.works -1 points 1 year ago

I am responding to your points with the same logic you initiated. You won't acknowledge that you're operating on a double standard where communism is a fundamentally idealistic and flawed whenever actually implemented, but it's different for capitalism because reasons. This conversation never started.