this post was submitted on 20 Aug 2023
1046 points (81.1% liked)
Memes
45663 readers
1422 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
What a system is capable of doing initially for a lucky fraction of the populace and where its inevitable and terrible end leads for the vast majority are two entirely different things.
When properly regulated, capitalism does raise standard of living for the vast majority.
You got downvoted but you are correct. It raises it higher for some more than others but it does improve for everyone.
The problem in the US is it's so lightly regulated that we we living under an oligarchy in the name of "freedom."