posted in Asklemmy
Why do so many defend capitalism?
Replying to @return2ozma@lemmy.world
In America, we grow up to really cherish liberty and freedom of choice (even if it just the illusion of choice) and so we really idealize entrepreneurship.
Capitalism is the only economic system that allows upward class mobility
The examples of socialism/communism collapse are all within the lifetimes of most (or not far off for those of us under 40). Capitalism hasn’t quite failed yet (2008 hurt a lot and woke some people up to its failures).
It may not be popular with some of the instances on the fediverse but capitalism is the least flawed of all the flawed economic systems. The systems are flawed because they are ran by flawed humans. The best societies take strengths of each system and combine them to mitigate the flaws of each. Capitalism with strong social safety nets is probably the best that humans can do.
Replying to @TORFdot0@lemmy.world
Wait… So all of those rich and billionaires in socialist countries are just figments of imagination?
Also, have you looked at how terrible the US upward mobility rankings are now? Under Capitalism you aren’t likely to move anywhere unless you’re born into it.
Edit: I brought receipts: en.wikipedia.org/…/Global_Social_Mobility_Index
Replying to @azimir@lemmy.ml
The rich and powerful in socialist countries were born into it.
I can’t argue with social mobility being harder than ever under capitalism now. But perception often lags reality which is why people defend the broken system
Replying to @TORFdot0@lemmy.world
Except that’s not what the data shows: en.wikipedia.org/…/Global_Social_Mobility_Index
Replying to @azimir@lemmy.ml
What exactly does the data show? The only socialist country on the list in China at #45 while the US is #27 (not great)
If you are saying that the US should be more like Northern Europe then I agree
Replying to @azimir@lemmy.ml
But all of the top ranked countries are also capitalist economies