Re:Decline of Global Extreme Poverty Continues but Has Slowed
by sudofail on Friday September 21, 2018 @01:53AM
(#18037442)
Capitalism and free markets aren't without their shortcomings, especially when left unchecked, but they are extremely important tools to successful government and society. Perhaps the criticisms you hear are aimed at unchecked, unregulated capitalism.
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Re:Decline of Global Extreme Poverty Continues but Has Slowed
by pitaj on Friday September 21, 2018 @11:20AM
(#18040331)
Most of the criticisms I hear are against the current system. Specifically, I hear many criticisms of "free market" healthcare and finance, among others. All of which are ironically the most regulated and checked industries.
I hear people blame "deregulation" for the financial crisis, when in reality government regulations and policies misaligning incentives hold a majority of the responsibility.
Re:Decline of Global Extreme Poverty Continues but Has Slowed
by TeMPOraL on Friday September 21, 2018 @05:27AM
(#18038359)
Or simple, extreme views.
I think the better view of capitalism allows to both appreciate it for the unprecedented age of prosperity it brought to this world, as well as identify it as the major factor in the biggest problems of present day, from climate change to inequality-related social tensions. It's an extremely powerful tool that let us grow to where we are, but needs fine-tuning so that it won't shake our societies apart.