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Capitalism and extreme poverty: A global analysis of real wages, human height, and mortality since the long 16th century (www.sciencedirect.com)

submitted 2 years ago by AgreeableLandscape@lemmy.ml to c/science@lemmy.ml

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[–] cult@lemmy.ml 3 points 2 years ago

Capitalism as such is only a system for the fair exchange of goods and services

No... that's just a market lol. Capitalism is the ideological belief that those who have wealth are good at turning that wealth into "capital" (which is just wealth that makes more wealth). So the result of this belief is the idea that we should give those who are wealthy more wealth so that they can continue to generate more wealth in total. Rising tides lift all boats type of thing.

Capitalism isn't just a system. It's an ideology that even modern economics has disproven