alt Hacker NewsYou prefer capitalism because you live privileged and weigh short term wealth higher than long term effects of capitalism. Personally I'd much prefer not exploiting 3rd world countries to fund first world consumerism.
You prefer capitalism because you live privileged and weigh short term wealth higher than long term effects of capitalism. Personally I'd much prefer not exploiting 3rd world countries to fund first world consumerism.
> privileged
Yeah, being born in rust belt of the former Eastern Bloc was a privilege like hell. You don't know what you are talking about. If you visit places like Chisinau, you'll get a glimpse of Ostrava cca 1994.
What are the long term effects of the systems that you push? Can you even model them?
Long term effects of Soviet-style Communism were ghastly. Dried lakes, poisoned rivers, mass graves, all in the name "of the people".
Non-market economies can only be sustained by constant violent repression and censorship, and the incentives in such systems where prices aren't serving as a signal are totally out of whack, resulting in extreme waste on one side and constant shortages on the other.
The absolutely worst thing that liberated African and Asian countries did was to introduce Marxist economies. Fortunately most of them already realized just how deep that hole goes. Economic liberalization in India alone will likely lift a billion people out of poverty in mere 20 years or so.