this post was submitted on 11 Sep 2023
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Totally agree. Capitalism is an amazing tool that allows corporations and nation states to leverage capital to tackle major projects, like infrastructure and technology development.
The capitalism at its end state is a rent-seeking endeavor that destroys and consumes its own market creations.
Therefore, it seems the best of both worlds is to allow capitalism to operate in a sandbox, while providing socialism in the form of universal health care, education and infrastructure to everyone else. Let the rich get rich, but tax the wealth at a certain point to prevent them from getting too rich and then redistribute that to bring the bottom 50% up to middle class standards.