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A comment on America Has Replaced Capitalism with Cronyism. Parent comment

Re:America Has Replaced Capitalism with Cronyism by malermeister on Sunday March 12, 2023 @10:04PM (#35129831)
The problem with that naive viewpoint is that it assumes that greedy people that got successful playing the game won't use their power to mess with the rules.

Once the first set of greedy people gets powerful enough, they change the playing field and cement their lead.

75% of those billions pulled out of poverty were in China [0], which is explicitly not capitalist.

[0] https://www.worldbank.org/en/news/press-release/2022/04/01/l...

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Re:America Has Replaced Capitalism with Cronyism by true_religion on Sunday March 12, 2023 @10:24PM (#35130071)
That report references the last 40 years. The previous comment is in the context of Adam Smith who died over 200 years ago.

Capitalism and democracy are older than the PRC, and the billions aided by it include the entire modern western world.

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Re:America Has Replaced Capitalism with Cronyism by malermeister on Monday March 13, 2023 @01:35AM (#35131526)
The previous comment said, and I quote, "pulling billions out of poverty in just the last few decades".

The "last few decades" are around what I would call the last 40 years, wouldn't you agree?

The entire modern western world got rich not through some capitalist miracle, but by brutal imperialism and subjugation of the third world.

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Re:America Has Replaced Capitalism with Cronyism by true_religion on Monday March 13, 2023 @12:12PM (#35137775)
My mistake then.
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