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Bluecueball t1_izpmcmi wrote

As far as I can tell, capitalism is a framework designed to harness natural laws. It’s pretty useful.

Is it perfect? No. Should we artificially look after those who don’t win from capitalism? Yes.

But it doesn’t mean the system itself is wrong. The universe isn’t fair.

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Swimming_Gain_4989 t1_izpyghl wrote

Capitalism excels at driving human innovation. As cruel as it can be as an unregulated system, it has undoubtedly led to the dominance of nations who used it to its fullest. There is no better incentive to produce than fear of being left behind.

But what happens when the majority of innovation starts coming from machines? We're already seeing glimpses of it in the form of cloud services like AWS and Azure being a necessity to participate in the digital business sector. Once AI's start outperforming humans in most of our industries there will truly be no competition. Just monopolies in the form of hardware ownership.

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AndromedaAnimated t1_izrtqy6 wrote

It’s not capitalism but the colonialism of former centuries that lead to dominance of the nowadays capitalistic countries.

It’s easy to “build” a fortune and capital if you inherited most of it already from your former feudal and colonialist ancestors who ensured their power with the help of weapons and unjust retribution of means. I don’t even see a problem with it, use what you were given, sure.

It’s just not correct to be calling it being done by your own merit. With enough money you can even hire people to think for you how to make more money with your money.

That’s not a real capitalism!!!!!! There never really was a real, free-market, fair capitalism ever.

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AndromedaAnimated t1_izrtvdv wrote

It’s a system build on wrong assumptions about natural laws, to be precise.

And an illusion, so far.

Real freedom of markets would bring us a long way. But won’t happen as long corrupt humans decide over monopoly and distribution.

Maybe AI will finally give us a true capitalism!

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