this post was submitted on 13 Feb 2024
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Giving capitalism credit for any forward progress in society that happened to occur after it started is absurd. It slows progress, this is a well known fact. If we're living better than medieval kings now, I wonder how much better we'd be without that crap
Opinions are one thing, but claiming an untruth to be a fact is just not ok. Data shows clearly that capitalism has been one of the most rapid sources of growth everywhere where it has been applied.
It could have some other problems when paired with weak governments (corporatism & external costs are poorly solved, for instance), but lack of progress is clearly not one of them.
Capitalism has led directly to advances in medicine and cures and there is no question about that. For all its faults the greed for money has no doubt led to faster advances.
Real socialism just won't work for people. We are too corrupt and would just find ways to take advantage of it for personal gain. Some form of greed needs to be worked into the system to promote advancement and satiate the need for greed.