Danioover9000

Is this version of capitalism adequate?

22 posts in this topic

@Danioover9000

Sabine Hossenfelder doesn't address the pyramid effect caused by capitalism and how the people that are closer to the top socialized money offered to them with little risk because they get loans at near zero percent.  When their investments go sour they dont have to pay off the debt because they get saved by the government and the debt is passed onto the power at the bottom of the pyramid.  Not to mention the military industrial complex, it appears that capitalism relies on that because there isn't any point in modern capitalism where the economy isn't reliant on it.  

For the second thought guy he doesn't address human motivation and greed which capitalism exploits.  Greed and lust are tools used by capitalism.  How do we incentivize people to work and to contribute if we don't make it hard for me to get access to money?  Can we run an economy that isn't centered around consumption of goods?  If we don't solve this problem than the global warming issue the left seems to care about so much its going to be impossible to slow down, if anything consumption will increase as the poor get richer.   
Socialist countries heavily rely on countries like US and on the opposite spectrum a country like China where democracy doesn't even exist.  All countries rely on African nations for raw materials and China using those raw materials to make goods.      

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Capitalism is technically good because it's an orange phase economic system.  That is where the majority is currently so it works. However once more people ascend to green it will transform into a more socialist system. Eventually it will be Turquoise and there might not even be an economy.  But people are not at that level of understanding so it cannot be maintained. In order for any system to work it needs to be easily understood by the population. 

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