Conversation

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I’m fundamentally sympathetic to capitalism but if I had to make a critique, it would be: it institutionalizes an unrealistically cynical view of human nature, rendering idealism unreasonably ineffective and self-defeating
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classical market theory is superb for physical goods and services, but absolutely terrible for information-based economies "intellectual property" needs to go, or face some serious core refactoring; copyright/patent length should match speed of cultural information transfer
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capitalism died in its sleep in the early 70s and what we have instead is a bunch of third-generation professional managers doing a drag show in its skin
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Capitalism is an organization of thoughts and feelings all geared towards the pillaging of the earth and the human psyche in search of profits.
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A flat, fixed interest rate implies an exponential curve of obligate returns. Nothing in the physical world maintains an exponential curve, except nukes and bacterial infection. 40% of US GDP profits go to resource allocation jobs, that try to *increase* the rate of return.
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Capitalism is another word for state-backed market cronyism. In other words, markets cannot be free as long as they are propped up & subsidized by state force. The state should ONLY protect individual rights. Markets & communities can adequately take care of the rest.
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