What’s your best 1-tweet mic-drop critique of western-style capitalism?
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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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Global stock prices and profits being up by more than 100x since the 1970s would seem to powerfully refute your point.
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Creative purgatory brought about through financially-incentivized over specialization and a society addicted to technique.
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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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