
blueeyeswhiteprivilege
Capitalism is the worst thing to happen to us as a society, period. How did we create a system where making it easier to live has downsides??Capitalism isn’t one possible construct among many, it’s the best way to conform our economic lives to reality. If another economic system came even close to working as well as capitalism there could be debate, but that’s simply not the case. It’s like saying “I’m pro airplane but against Bernoulli‘s principal.”
im not saying it as an economic system is bad and we should scrap it entirely im saying it has permanently changed the way we think. for example, i suggest we pay everyone a livable wage. bc we have been a capitalist society for so long our first thought is "but that will cause inflation!" and not "yeah that makes sense" like what???
Because once society reaches a size where any given individual is actually incapable of maintaining a personal relationship with every other individual (this happened over 100,000 years ago) the way we think changed, it wasn’t capitalism that caused it, it was the inevitable result of social change.
And the reason peoples first reaction is “inflation” is because of history, we know that decision causes inflation, because we’ve seen it before. And we know the actual suffering brought about by runaway inflation is actually far greater than the suffering alleviated by the artificially increased wages.
You gave a great example in your response to #2. Debt levels aren’t some magic number that means nothing, they have very real, very predictable and very painful consequences if they get too high. It’s like someone at the store who would like to buy something, but can’t afford it. Would you advise them to put it on a credit card with no plan on how to pay it off? No, because they will suffer more from the cycle of debt than forgoing a given purchase.
And don’t take this as some libertarian “poor people are just unproductive and should be poor!” Argument. I’m not a libertarian by any stretch, but I do believe that we should approach the organization of our society rationality, and that means examining the cost and result of each given organizational structure using reason not emotion.
The system with the best history of economic development is capitalism. Bar none, it’s not even close. Second place is a kind of state directed mercantilism, see modern China or the British empire. After that is everything else. So since I believe that the best cure for economic hardship is opportunity and prosperity, I think we should embrace the system which produces the most prosperity. Thus capitalism.
Capitalism obviously needs moral restraints, just because there is a supply and demand for a thing doesn’t mean we should automatically accept that thing into our society. Drugs are a great example, there’s a massive demand, massive supply, and the results of that market are absolutely devastating for everyone involved. But that’s not an argument against capitalism.