this post was submitted on 29 Jul 2023
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This utopia that capitalism works well only does in a vacuum, looking at the westernp/"developed" world. Half the world's population lives on less than $7 a day. Most people objectively have close to nothing to show for their labor.
Under capitalism those people who earn the least are improving their lot rapidly. That $7 a day you’re citing was $2 a day about 20 years ago.
Under communism people who are doing fine descend into poverty and starvation. Not “food insecurity” where they have all the doritos they could ever want, but actual starvation where they eat their neighbors to survive.