There is plenty of valid debate to be had about the pros and cons of capitalism, but there is more nuance to corruption.
The average elected official in the US spends more time campaigning to stay in office than they do working. This means large expenditures of money on e.g. ads. As such, it's way *way* too easy to buy their loyalties by "donating" to their campaigns.
There's more to it, but my point is that "capitalism" is an oversimplification of a complex issue.
Do you mean modern America's oligarchic growth-prioritizing insanity? Then sure, I'm in full agreement, it has no redeeming qualities.
What about the Nordic model? I'd contend that the Nordic model provides a nice balance between a social safety net and limited government power.
Capitalism is a broad term which encompasses a lot of (mutually incompatible) ideas, so it's important to be clear with what is being discussed.
@pixelherodev @Giorgio Definitions are of utmost importance...
To be clear, I am no expert on the topic of capitalism. I am defining and working from personal experience here.
'Pure capitalism' I feel (not think) is a bad idea. To capitalise on something seems inherently bad, greedy.
The complexity you speak of is, as I see it, the problem of it being executed by humans, a complicated and dysfunctional creature collectively speaking.
It's a sort of hybrid of capitalism and socialism in which the welfare state and a capitalist market work together in harmony.
> As of 2020, all of the Nordic countries rank highly on the inequality-adjusted HDI and the Global Peace Index as well as being ranked in the top 10 on the World Happiness Report.
Fosstodon is an English speaking Mastodon instance that is open to anyone who is interested in technology; particularly free & open source software.