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this post was submitted on 31 Oct 2023
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It's been around for four centuries as the dominant form of resource allocation and is thus also responsible for most of the western world's relatively high standard of living, and increasingly the rest of the world.
Im not defending it whole hog, but it's absurd to not be able to understand it's appeal.
Capitalism was an important development in humankind that indeed increased the productive capacity of the world in many meaningful and positive ways. It has outlived its usefulness though, and now serves to prevent the kind of meaningful change needed to tackle 21st century problems.