5 ms·
Very shallow definition of "capitalism". It doesn't dictate externalising cost as much as possible unless you have a very short-term view. Short-term view bus
by Wolfenstein98k 2y ago
Very shallow definition of "capitalism".
It doesn't dictate externalising cost as much as possible unless you have a very short-term view.
Short-term view businesses get eaten pretty quickly in a free capitalist system.
People forget that half of capitalism's advantage is the "creative destruction" part - if businesses are allowed to fail, capitalism works well and creates net value.
- cassianoleal 2y agoWhat defines a "free capitalist system", and where does it exist?