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257 sats \ 3 replies \ @SimpleStacker 12h \ on: Capitalism’s Coalition Is Cracking — And That Should Worry Us econ

People conflate current system with capitalism, but what we currently have is a Frankenstein beast that is hardly what any economic liberal would describe as free market capitalism

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5 sats \ 2 replies \ @denlillaapan 11h

...wasn't real capitalism, bruh

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52 sats \ 1 reply \ @SimpleStacker 11h

Fair critique, I'm acting like the socialists saying that whatever system wasn't "really" the idealized version of my thing as a defense mechanism against legitimate criticisms.

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128 sats \ 0 replies \ @denlillaapan 8h

Johan Norberg (Swedish liberal and writer) used to answer this critique with:

Sure, it's true that what we have isn't pure capitalism, but that doesn't mean the rhetorical symmetry is correct:

  • almost-socialism impoverished nations and killed hundreds of millions
  • almost-capitalism enriched the world and made us all better off.
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