General Discussion
In reply to the discussion: Capitalism is NOT a dirty word. [View all]TheKentuckian
(25,026 posts)We are supposed to ignore this, how quickly it was reversed, that we cannot replicate the time of low hanging fruit resource wise, that capitalism seems to abide by its own rules - works best when it has real competition, how difficult it is to regulate and how easily such regulation is undone, nor does it address capital capturing government at all which creates a situation similar to the state capitalism of the Soviet Union but perhaps a bit less gentle for the masses yet more hopeful with the bootstrap meritocracy legends and a lottery tickets chance of making it big on something.
Refusal to cop to problems until solutions are available has always been something I considered to be deeply flawed thinking. No one need be a structural engineer to grasp that the house is falling down.
You can't regulate the system into something at odds with its fundamental principles. We need to back of the near religious fixations with systems which are really just tools to distribute resources. Different aims require different tools and on our current track we will see (and do already) see capitalism become almost wholly inefficient at providing for the masses because of ever diminishing avenues to access money without having money as the need for labor shrinks.
We also have to consider that accessible resources are not infinite but think the only answer is a system that requires infinite growth.
No shame in calling out the problems so solutions can be sought by more and more as awareness increases. We are greater than the sum of our parts, which is something ill considered by the direction of the OP it seems to me.