ObjectivityIncarnate

  • 0 Posts
  • 7 Comments
Joined 2 years ago
cake
Cake day: March 22nd, 2024

help-circle


  • It’s not “capitalism alone”, but it’s clear that capitalism was a massive catalyst in accelerating that success, hence my emphasis on “how far we came in such a short period of time”.

    In 1820, 94% of the world’s population was living in extreme poverty. By 1910, this figure had fallen to 82%, and by 1950 the rate had dropped yet further, to 72%. However, the largest and fastest decline occurred between 1981 (44.3%) and 2015 (9.6%).




    1. Corruption makes it possible for greed to be rewarded in any system.
    2. Greed is not necessarily a net negative—one’s personal avarice can be ‘addressed’ by creating and selling a product that the public is happy to pay (an amount that creates profit for them) for. That sort of ambition should be encouraged, because the result is a better outcome for everyone.

    I think we can do better than that

    Maybe we can. But of everything that’s been tried so far, capitalism has by far worked the best.

    So if there is a better way, it’s got to be a brand-new idea.


  • There is no other system immune to the potential negatives within capitalism, while no other system has shown to have as many positives as capitalism has had, over its history.

    Don’t be surprised if those negatives magically persist within a different system. The grass is always greener—you’re better off addressing the negatives directly (e.g. sensible legal regulations within the system), instead of naively assuming that changing the system will magically eliminate or even lessen them.