this post was submitted on 20 Jul 2023
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Hi all,

I'm seeing a lot of hate for capitalism here, and I'm wondering why that is and what the rationale behind it is. I'm pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.

If this isn't the right forum for a political/economic discussion-- I'm happy to take this somewhere else.

Cheers!

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[โ€“] yiliu@informis.land 2 points 1 year ago

Then what's your explanation for the huge rise in life expectancy and food availability--starting in capitalist Western countries, and then spreading to the rest of the world along with the market economy?

Capitalism is certainly imperfect at distribution of food and medicine. As the saying goes: it's the worst system, aside from every other that has existed. And the margin isn't particularly close.

You date the origin of capitalism to Columbus? Seems pretty arbitrary. Markets date back thousands of years, and recognizably capitalist forms of government emerged in the 18th and 19th century at the earliest. Columbus was sponsored by a king seeking new land, not capitalists seeking new markets.