Capitalism has lifted billions out of poverty. Even China, who is communist in name, only started experiencing high economic growth once Deng Xiao Ping started reforming the state to be more market oriented, ie capitalism-lite.
I would love for capitalism to stop being treated like a child with all these monetary policies, interests rate massage, bank bailouts, etc. Ludwig Von Mises was right about the business cycle. Hands off the free market dammit!
It's not clear that capitalism was a necessary component of globalisation or the progress of technology, both of which are adequate to explain any benefits capitalism might claim.
What is clear is how many billions capitalism has kept in poverty while the top 1% get absurdly rich. 10 men had more wealth than 3.1 billion people in 2021[1]. The US, supposed beacon of capitalism, can't even provide housing, healthcare, or education for its people, despite having the largest GDP of any country in the world. You claim capitalism a success, but the only way you can do that is by turning a blind eye to the capitalism's total failures.
> Even China, who is communist in name, only started experiencing high economic growth once Deng Xiao Ping started reforming the state to be more market oriented, ie capitalism-lite.
You claim China has experienced economic growth: who in China has experienced that? Capitalists love to lump everyone in a country together in their measures of economic growth as if everyone is benefiting, but that's not the case.
And the thing is, I'm not even a communist, per se. But I sure as hell am against a few lucky capitalists getting fat off the labor of billions of people.
