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RE: Capitalism, a Titanic Failure

in #life7 years ago

So the problem at the center here continues the be an oversized government. Corporations could lobby until they spent their last dime if governments did not or could not grant special favors or pass laws in favor of one group over another. This then is not capitalism to begin with but cronyism. It lies at the heard of what is wrong with may systems but is ultimately a human failing. One of the reasons communism is far less successful than capitalism is that it gives way to this problem much more quickly since the government has no checks or balances to limit its ability to choose those who win or lose. This is also the case with any system in which the government holds absolute and unrestrained power.

Capitalism like any human system does have its faults and we can find much to work on. However, there is no system that is yet known that has provided so many benefits to so many people. It is demonstrated by which nations are the most prosperous and wealthy throughout history and which people live the best lives in terms of possessing necessities and economic mobility.

If you believe that the US is somehow more profligate in its mistakes or that Denmark is a hotbed of corruption or modern Germany a nation that denies a voice to its people in favor of corporations I would invite you to consider the alternative examples in China, Venezuela, and Cuba. These places rejected open government and, for a long time, any form of capitalism. China is the exception on the list but to the extent that it has prospered in the 20th century it is because China has opened its doors to a limited form of capitalist activity.

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Your whataboutery is sighting communism though and that's not what will replace capitalism now that it's getting just as corrupt as communism was.