>I emphatically disagree with the notion that capitalism is so flawed. It
>has its weaknesses, but it seems to outlive every alternative. What has
>been superior to capitalism over the long run?
Capitalism is pretty new and pretty young. Other economic systems have
existed from hunting/gathering for 30,000 years to monarchies, barter, and
trade circles for many thousands of years. Even feudal systems lasted
hundreds of years more than capitalism.
My reading of history, especially those in the Americas, teaches me any
system based on cooperation rather than competition will be less flawed and
will last longer than capitalism.
The death of capitalism seems very near to me, with all sorts of exceptions
to a free marketplace propping it up on all sides. The further this system
moves from a free marketplace, the further it moves away from capitalism.
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