Compared to what? Sure, if the alternative was stasis where the majority of humanity was stuck in abject poverty, we would preserve the world’s ecosystems, but humanaity would be mostly miserable (and population would probably shrink violently and dramatically).
Meanwhile capitalism has also been gradually eradicating extreme poverty - over a billion lives in the last 20+ years. https://amp.economist.com/leaders/2013/06/01/towards-the-end...
Is that worth the price? I don’t know. Self preservation and advancement seems to be our thing.
I can agree that capitalism has massive, terrible problems. But these sorts of essays tend not to be an argument, they are a supposition laced with unjustified certainty, with the fig lead covering the suggested solution being some form of collectivism. Humanity’s large scale experiments in that regard were not environmental paradises either, though - arguably far worse than capitalist democracies!
One might assume it’s possible to find a third way. It will be very hard. It will take a long time. It’s a conversation worth having. But a large part of the West is in denial that there is even a problem. I don’t think that’s a capitalism problem, that’s a humanity problem.
Meanwhile capitalism has also been gradually eradicating extreme poverty - over a billion lives in the last 20+ years. https://amp.economist.com/leaders/2013/06/01/towards-the-end...
Is that worth the price? I don’t know. Self preservation and advancement seems to be our thing.
I can agree that capitalism has massive, terrible problems. But these sorts of essays tend not to be an argument, they are a supposition laced with unjustified certainty, with the fig lead covering the suggested solution being some form of collectivism. Humanity’s large scale experiments in that regard were not environmental paradises either, though - arguably far worse than capitalist democracies!
One might assume it’s possible to find a third way. It will be very hard. It will take a long time. It’s a conversation worth having. But a large part of the West is in denial that there is even a problem. I don’t think that’s a capitalism problem, that’s a humanity problem.