Capitalism is a race to the bottom where the poor countries in the world are being put under the thumb. You don't have to look very far. Just look at all the CIA ops the USA has conducted in the 20th century, e.g. Allende.
[1] https://en.wikipedia.org/wiki/Anarchism_in_Spain#1936_Revolu...
There are a ton of efforts, both from state-actors[1], NGOs[2] and individuals, seeking to eradicate extreme poverty worldwide. It is not apparent that it is "fixing itself with capitalism" or that any of the previous actors think it is going to happen.
> trickle-down effects actually exist
Citation Needed because trickle-down economics has been shown to increase inequality and not increase the quality of life for those in poverty.
> Yes, capitalism needs regulation, but it is a lie to say that the entire approach is doomed to be a race to the bottom.
Why is it a lie?
[1]: http://www.oecd-ilibrary.org/development/data/oecd-internati...
[2]: https://data.oecd.org/drf/grants-by-private-agencies-and-ngo...
That's interesting, but what is the proportion of middle-class individuals to the rest of the population, in Jordan? If there's 100 kids able to play Diablo 3 in Jordan, while every other kid their age can't afford a computer, then Diablo 3 is not a very useful metric of anything.
Jordan is one of the richest countries in the region btw.
I fundamentally disagree with a left-right x-axis; we're missing out on authoritative-liberty. Hence politicalcompass.org provides a better framework.
Some of these bandaids are authoritarian, some are liberal. For example, trademarks, patents, copyright each grant power to one or more individuals (ie. a minority) over a vast majority. Here, the free market is being regulated by the government. We consider it part of capitalism.
[1] https://www.weforum.org/agenda/2017/04/the-new-economic-mode...
Your thoughts on seasteading, even as a hypothetical?
This in and of itself speaks volumes. If it were truly a viable system it could start in one country which would quickly outstrip all others in technology, culture, industrial production, quality of life for its citizens... Then all other countries would gladly follow.
But they knew from the very beginning that people who could vote with their feet, would flee that system. Countries that restrict people from leaving know perfectly well that they are doing something evil.
Instead, following your startup idea, we should foster worker co-ops, which already exist today and are compatible within existing nations. One example is the https://en.m.wikipedia.org/wiki/Mondragon_Corporation