The TikTok ban and Donald Trump's rise to power show how fragile our social media accounts are. We must normalize and invest in decentralized social media.
Even Karl Marx noted capitalism’s dynamism and ability to cause change. In my own case, I went from poverty to modest wealth in a capitalist system, and I know many others who had similar experiences. I’m also aware that it empowers sociopaths, causes corruption, of its tendency to degenerate to oligopoly, and its failure to adequately address externalities.
And there are many, many variants of capitalism. The one now prevalent in the US is one of the more lethal strains. Improperly regulated capitalism such as that is a nightmare. Properly regulated, many of its negative features can be mitigated. I could stand living in a social democracy until a better alternative is piloted and proven.
I would also be interested in a defence of capitalism that doesn’t come down to “but the USSR” or similar.
Even Karl Marx noted capitalism’s dynamism and ability to cause change. In my own case, I went from poverty to modest wealth in a capitalist system, and I know many others who had similar experiences. I’m also aware that it empowers sociopaths, causes corruption, of its tendency to degenerate to oligopoly, and its failure to adequately address externalities.
And there are many, many variants of capitalism. The one now prevalent in the US is one of the more lethal strains. Improperly regulated capitalism such as that is a nightmare. Properly regulated, many of its negative features can be mitigated. I could stand living in a social democracy until a better alternative is piloted and proven.