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isaacbaranoff It produces prosperity in the abstract; that is, as productivity gains. This is the innovative, productive side of capitalism. But it is incredibly piss-poor at distributing these gains. You no doubt have a dogmatic far-right vision of socialism as anything less than the Randian nightmare world you have wet dreams about.
"an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state."
The state does not conduct affairs for profit, but rather for the ultimate benefit of the capitalist class. The pig is a profiteering capitalist, hence the title given by the author - 'Capitalism'.
Here is why I am a capitalist - religion has attempted to bring individuals with different beliefs who come from different parts of the world together, but it has failed. Communism also attempted to bring people together, but it failed. What actually has brought people together is technology. Capitalism is the only system that allows for the expansion of innovation and the progression of technology and humanity. Capitalism brings people together, through technology, and without the expense of the individual.
No: Its days are numbered because capitalism cannot structurally sustain itself forever. The contradictions within capitalist production are destroying it from inside. Capitalist class relations cannot coexist with higher and higher rates of productivity that is keeping the US in a jobless recovery at the moment. Businesses don't need workers anymore, because their productivity gains from computers and machinery are so high. But paradoxically, businesses need consumers to buy their goods in order for the system to work. Thus, productivity gains are eroding the functioning of the system more and more everyday.
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