#Capitalism - key 'features':

- Hugely inefficient.
- Relies on an #poverty to motivate workers.
- Distributes profits inequitably. See wealth #inequality
- Ignores 'externalities' - see #ClimateCrisis, #pollution, #ecosystem collapse.
- Inherently colonialist. See #blm, #slavery, #Indigenous rights, #gender inequality.

@Irreverent_B This sort of rhetoric is, in my opinion, unhelpful. First of all it personifies an economic system, then blames it for a whole lot of things that a) occurred in just about every society regardless of economic system and b) do not even follow from actual data.
Capitalism simply means that all individuals own the product of their labour (which is their capital). Slavery (and serfdom) is a quality of feudal and other older economic systems which was progressively abolished as societies became more capitalist (did it not occur to you that most of the colonization and trans-atlantic slave trade was done by nations that were absolutist monarchies at the time?). Also calling capitalism inefficent belies the fact that the most developed economies, where people enjoy the highest living standards are some of the most capitalist countries in the world and that all examples of centrally planned economies throughout history have led to devastating famines and a host of other problems. Finally, capitalism does not ignore externalities, humans do, and have done so, in every type of economic system that has ever existed.

@Clementulus

"Capitalism simply means that all individuals own the product of their labour" ... no, no, no. Utterly fucking wrong. I won't bother reading the rest. I scanned "capitalism does not ignore externalities" .. so, so full of bull are ye.

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@Irreverent_B You don't need to agree with my assertions; but do you really think that posting fiery condemnations of society on social media and dismissing any challenges to your opinions is helping society progress, or is this just a way to make yourself feel good? (No judgement, you are allowed to vent on here if you want to, just genuinely curious is all)

@Clementulus

> .. do you really think that posting fiery condemnations of society on social media ... is helping society progress

Yes.

> and dismissing any challenges to your opinions

Factually incorrect statements such as yours I reserve the right to dismiss.

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