this post was submitted on 31 Oct 2023
896 points (99.9% liked)
196
16488 readers
1878 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's been around for four centuries as the dominant form of resource allocation and is thus also responsible for most of the western world's relatively high standard of living, and increasingly the rest of the world.
Im not defending it whole hog, but it's absurd to not be able to understand it's appeal.
Capitalism was an important development in humankind that indeed increased the productive capacity of the world in many meaningful and positive ways. It has outlived its usefulness though, and now serves to prevent the kind of meaningful change needed to tackle 21st century problems.