Or, as has happened in capitalism, people will find ways to bend the system to benefit themselves. Except this time without boards so much as bribable officials and whatnot.
Capitalism is explicitly designed for people to benefit themselves at the expense of others. Capital begets more capital in a positive feedback loop that results in massively powerful billionaires.
If you elect representatives, those representatives are checked somewhat by the threat of being voted out. Capitalism has no such check. Sure, ostensibly people can choose not to buy a product, but unregulated capitalism selects for monopolies.
Capitalism was never designed, it emerged from Feudalism. Capitalism was never an idea, but a result of technological advancement, just as Socialism will be from Capitalism.
Just a minor correction, the rest of your comment is broadly correct.
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Or, as has happened in capitalism, people will find ways to bend the system to benefit themselves. Except this time without boards so much as bribable officials and whatnot.
deleted by creator
Capitalism is explicitly designed for people to benefit themselves at the expense of others. Capital begets more capital in a positive feedback loop that results in massively powerful billionaires.
If you elect representatives, those representatives are checked somewhat by the threat of being voted out. Capitalism has no such check. Sure, ostensibly people can choose not to buy a product, but unregulated capitalism selects for monopolies.
Capitalism was never designed, it emerged from Feudalism. Capitalism was never an idea, but a result of technological advancement, just as Socialism will be from Capitalism.
Just a minor correction, the rest of your comment is broadly correct.
If we’re being technical, it resulted more directly from mercantilism than feudalism.