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unrented7977 • today at 4:01 PM • 2 replies • view on HN

There's a growing sentiment in the US that capitalism in general and consumerism in particular are inherently bad and cause only hardship and exploitation for the general public.


Replies

verisimi • today at 4:19 PM

... whereas the truth is ...?

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shevy-java • today at 4:19 PM

Capitalism is not inherently bad as such.

Free market competition makes sense. Lowest prices.

What we see right now in the USA, though, is a mafia. That has nothing to do with capitalism as such. It is a racket, a ponzi scheme. There are many variants of capitalism. Even the chinese adapted their variant to sinomarxistic ideals (to certain extent; I don't think today's main China is purely capitalistic nor purely sinomarxistic as it once used to be).

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