Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
I have a very pragmatic view on capitalism. It isn’t inherently good or evil. Social democracy provides the best compromise where regulated capitalism generates wealth and funds innovation while responsible democratic government protects employees and the environment and provides services that have a strong social benefit.
Unfortunately social democratic policies are undermined in many countries and resisted in others to the point where some young people become frustrated and look to answers in hateful extremist politics which really is a horseshoe.
I used to believe this as well. The last decade or so has made me reconsider that belief.