Capitalism's biggest achievement must be that its mechanisms for "accumulation of wealth" have become barely recognizable as "actually taking away from others".
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Replying to @p4ula
Capitalism, allows anyone with the will and fortitude to move up and out of their demographic predisposition whilst allowing others to move even more swiftly down the ranks from whence they began.
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& the most perpetuated myth-nomer (newly coined here) is that it's capitalism which causes the rich to get richer while the poor get poorer, well that's not the case. The rich can and do get richer. But more poor have certainly have gotten richer than from any previous system.
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Vertical mobility is a clever myth that prevents regular people from acting against the interests of the wealthy, because one day they might well be one of them. Problem is that while certainly *anyone* can "make it", not *everyone* can, nor even a significant percentage.
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How did you feel when the East German working class elected to be exploited by the bourgeoisie again? I remember that I felt betrayed. Much later I realized that in socialism, people still had to show up for work, but because nobody had skin in the game, they had remained poor.
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The general public appeal of capitalism is not because everyone thinks he has a shot at becoming very wealthy at other's expense, but that most people do better than they would in other systems. (Yes there are systems that have not been tried, but I have not even seen a sim.)
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Yes, the delusion of vertical mobility is just a majorly *stabilizing* factor. So why do many capitalist societies expecience generally improved quality of life? I'd say it's because of exploitation among nations, through resource extraction, cheap labor, predatory loans, ...
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Would you say that the improved quality of life in Eastern Germany today is the result of more exploitation and extraction, or of higher efficiency, better administration and more innovation?
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The injustice of the entire process was blatant, and it had so terrible effects that it took me a long time to realize that East Germans are still better off now, despite the injustice. People don't want back.
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