this post was submitted on 20 Jul 2023
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This is a great rationale for markets and prices, but it isn't a rationale for capitalism per se. It is possible for non-capitalist systems to use markets and prices.
I am not a Marxist.
There is a different philosophical rationale for what is wrong with capitalism and why an alternative is necessary. I can provide links to the comments in this thread where I try to explain it if you are interested. I am on Mastodon, so I have a character limit to deal with