this post was submitted on 16 Dec 2023
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You say that like there’s a single system in the history of the world which doesn’t. Capitalism isn’t novel with regard to humans taking advantage of one another.
The difference is that in other systems, when people behave like that, it's then gaming the system. Capitalism is the only system that incentivizes it in rewards it directly, As a matter of principle.
It doesn't reward it anymore than even local government control over resources. You act like nobody has ever tried to get out of a speeding ticket or fake their way to impress their lead.
Capitalism incentivizes producing value
It incentivises producing a perceived value. So faking value works just as well as providing real value
Not sure why you are down voted. Marx argues that the secret to value is human labor, and capitalists exploit labor to capture surplus value.
Progress requires human labor. It doesn't matter what government or ideology you use.
I think some folks, especially of the marxist POV, argue that labor is the work that you sell to make money. Progress and government require work. It's not necessarily labor.
At least pure Capitalism promotes a free, open market rather than black markets.
No, it doesn't. It promotes oligarchy.
And monopolies.
LOL. Nothing about our markets are free.
I had to give my head an actual shake - this can't be a real comment. A normal, sentient human would not produce a sentence like this unironically.
The only explanation I can come up with is the OP is a first-year economics student.