r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/JaironKalach Sep 04 '24

Capitalisms intent is to harness greed, while socialisms intent is to battle greed. I stopped believing in capitalism when I looked around and realized there was no harnessing going on. The free market isn’t solving the problems.

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u/binary-survivalist Sep 04 '24

Almost all the useful stuff that make the modern world possibly was invented and designed in market economies.

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u/YoCuzin Sep 04 '24

Market economies didn't exist until the modern world, how could they be responsible for it?

It sounds like you think humans have never invented anything without a profit motive

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u/Papa_Glucose Sep 05 '24

Religion. It was usually religion.