I mean, some of those also apply to communism or socialism.
Historically, advancement or opportunities to create money were claimed by the government. As
KMDP
mentioned before, the guy who made Tetris was exploited in a similar fashion to the way some people are exploited now in a capitalist system. I’m not defending it as a perfect system. I’d actually argue there is no perfect economic system. The problem is that socialism as a replacement is just as bad of an idea, which is why I don’t buy the “ethical capitalism doesn’t exist, so get rid of it and replace it with an equally bad system”.
Certainly, much of capitalism can be boiled down to privileged individuals benefitting from the work of others. However, I think you’re greatly understating the progress that competition in the marketplace has created. Sure, it’s one thing I mentioned, and granted i’m no economist nor am I an expert. But that’s a really important aspect that capitalism supports.
Not to mention, competition in the workplace is also good, as it generates better job candidates. However, as things have gone unchecked, multiple problems have been produced in the system, including racism, discrimination, among others.
Frankly I think there could be a go between of both systems, as simply having one of the other doesn’t work, and it’s been proven. Either you have a totalitarian government, or an Oligarchy who gets more than the poor saps who have to split everything evenly.
I also simply don’t agree that if I am working harder than somebody else, they still earn as much as I do. Certainly there are other reasons that people don’t have the same opportunities.
Sure, the USA healthcare system is screwed up and shouldn’t be for profit (imo). Education, imo, also shouldn’t be a major focus of profit (hi standardized testing!), but things need to be paid for. Capitalism isn’t entirely evil, and socialism isn’t entirely blessed.
Granted, I think a system with universal income, but additional opportunities for employment would be lovely. If people want to work to own more, allow it. If people want to be lazy and contribute nothing, let them settle for less.
At least no one is dying because they can’t afford medical bills or going hungry.
Basically, it’s not as simple as just “screw this, do that”. There is far more involved than to do that.
GSP?
