Communist and socialist are the least rational among us. Eyes closed to historical outcomes. They risk all members of society to attain a perceived sense of virtuousness.
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Capitalism is doomed to failure. We can not grow indefinitely on a planet with finite resources. It was thought in a world without limit. Our oil resources are. And the enormous tensions that it generates will soon burst forth.
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Malthusian have made your very argument for over two hundred years & have been wrong the entire time. Unfortunately they did starve many millions. Dangerous ideology. Technology continues to accelerate giving us more options. Populations are declining in developed countries.
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Malthus had not foreseen the power of globalized oil and the non-linear aspect of climate. Cissor effect. Free trade ideology based on fossil fuels is a total nonsense and leads us to short-term loss on a global scale.
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Again technology provides solutions here, nuclear & solar being the obvious ones. Electric cars are also becoming affordable. Markets not bureaucrats, yield innovative solutions. The scarcity is only in your mind.
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The available studies (MIT) show for the moment that nuclear power and renewable energies will not be enough to prevent a drastic collapse of human civilization by 2100.
End of conversation
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Financial inequality is the price we pay for allowing people to be free. There will always be a power law. That said, the corperate socialism given to banks in 2008/09 & subsequent QE amplified the income distribution to asset holders, while decimating the middle class.
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Yes that 2008 bail out confirmed the open secret that those at the top of the capitalist system are capitalist of convenience. Should have been allowed to fail. Creative destruction with minimal safety net.
End of conversation
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