this post was submitted on 05 Feb 2024
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I'd be willing to bet 3 out of 4 people in this thread couldn't even define capitalism. I count myself among them.
Capitalism: The best system for harnessing the greed inherent in humans for the benefit of others. Capitalism produces the most wealth, and it's spread more evenly, than any other system.
Not sure how anyone can sanely argue that Capitalist wealth is spread more evenly than any other system when disparity is rising everywhere it's practiced, even if at slower rates in Social Democracies.
Not to disagree, but what examples are there of a different system being practiced which have a more even distribution of wealth?
Numerous different systems. If you want to look at modern, developed economies, Worker Co-operatives are smaller, Socialist entities that have far more equitable distribution, happier workers, and more stability. If you want a more Libertarian approach, EZLN doesn't seem to have very high disparity, a bulk of the wealth is owned by the Workers, though they reject terms like Socialism. At the risk of being called a tankie (I'm not, I am incredibly critical of more centralized Socialist projects), even the USSR had far lower disparity during it's time than Tsarist Russia or the current Capitalist Russian Federation.
The answer is for Workers to share the Means of Production in a democratic fashion, as opposed to having petite dictators focused on accumulating Capital.