Its hard to decry the evils of capitalism when there’s never been any other successful systems. Id like to hear your thoughts.
This’ll be a doozy.
Its hard to decry the evils of capitalism when there’s never been any other successful systems. Id like to hear your thoughts.
This’ll be a doozy.
The definition of capitalism is more or less private ownership, free markets and so forth, so norway very much qualify as capitalist.
I have a slightly more cynical view on automation, not that the rich get richer, but that the marginal cost of working an hour less is greater with higher automation, so people would rather work the same hours and afford even more cool stuff than work less hours.
Different definitions of capitalism make this debate a mess tbh. State capitalism would be a antithesis to description you provided but tauntalogically capitalism.
Corporatism is also clearly a type of capitalism but as corporate monopoly increases markets observably become less free and private ownership is constantly challenged by rent seekers.