this post was submitted on 13 Feb 2024
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[–] mellowheat@suppo.fi 3 points 10 months ago* (last edited 10 months ago)

It slows progress, this is a well known fact.

Opinions are one thing, but claiming an untruth to be a fact is just not ok. Data shows clearly that capitalism has been one of the most rapid sources of growth everywhere where it has been applied.

It could have some other problems when paired with weak governments (corporatism & external costs are poorly solved, for instance), but lack of progress is clearly not one of them.