> Capitalism may appear to thrive when living in a first-world country, but only does so through exploitation and cutting corners
I think this is a common and really fundamental misunderstanding. It works through signalling demand through pricing, rather than through bureaucrats guessing, giving anyone the chance to take a risk and keep the reward (mostly) if they manage to create value for other people, rather than how much they toe the party line. It definitely doesn't only work "through exploitation and cutting corners". Those things happen everywhere.
Just look at the monumental change in China due to the controlled (too controlled[0]) introduction of capitalism. If you let people create value for each other and get out of their way, you get stupendous results compared to thinking a centralised bureaucracy, slave-owner, monarch, or lord making the decisions.
> No, some abstract 'informed exchange of currency' didn't magically cause things to appear out of thin air
No one would say it did.
> People make things, and they are almost certainly underpaid and overworked. Behind every AI model there are X poorly paid workers around the world that curated the data that it needs to function. Behind every piece of clothing there are Y poorly paid workers in Bangladesh that made it. And behind every rechargeable battery there are Z Congolese kids risking death inside a mine in search for cobalt.
This isn't a capitalism thing. This is a poverty thing. It's lifted unequally globally, but it is lifted. The problem isn't capitalism; the problem is that doing these jobs is currently their best option. Similar or worse conditions were found in Britain under 100 years ago[1]. That's a very short timeframe for capitalism to have lifted the entire world out of poverty; too silly to take seriously as a criticism of an economic process.
> We might try to (and often do) look away, pretend that those are the unfortunate results of corporate blunders that seldom happen, but they're not. Invisible exploitation is what makes the kind of lifestyle that is available in first-world countries possible.
No, not just that. If we replaced those miners with robots we'd still have the lifestyle. Framing everything as exploitation is a dead end.
I think this is a common and really fundamental misunderstanding. It works through signalling demand through pricing, rather than through bureaucrats guessing, giving anyone the chance to take a risk and keep the reward (mostly) if they manage to create value for other people, rather than how much they toe the party line. It definitely doesn't only work "through exploitation and cutting corners". Those things happen everywhere.
Just look at the monumental change in China due to the controlled (too controlled[0]) introduction of capitalism. If you let people create value for each other and get out of their way, you get stupendous results compared to thinking a centralised bureaucracy, slave-owner, monarch, or lord making the decisions.
> No, some abstract 'informed exchange of currency' didn't magically cause things to appear out of thin air
No one would say it did.
> People make things, and they are almost certainly underpaid and overworked. Behind every AI model there are X poorly paid workers around the world that curated the data that it needs to function. Behind every piece of clothing there are Y poorly paid workers in Bangladesh that made it. And behind every rechargeable battery there are Z Congolese kids risking death inside a mine in search for cobalt.
This isn't a capitalism thing. This is a poverty thing. It's lifted unequally globally, but it is lifted. The problem isn't capitalism; the problem is that doing these jobs is currently their best option. Similar or worse conditions were found in Britain under 100 years ago[1]. That's a very short timeframe for capitalism to have lifted the entire world out of poverty; too silly to take seriously as a criticism of an economic process.
> We might try to (and often do) look away, pretend that those are the unfortunate results of corporate blunders that seldom happen, but they're not. Invisible exploitation is what makes the kind of lifestyle that is available in first-world countries possible.
No, not just that. If we replaced those miners with robots we'd still have the lifestyle. Framing everything as exploitation is a dead end.
[0] https://www.bbc.co.uk/news/technology-56448688
[1] https://en.wikipedia.org/wiki/The_Road_to_Wigan_Pier