That’s SocDem talk. I’m a bit more radical - I believe that capitalism’s time has passed, and it’s high time for a replacement in developed countries. It had its uses, but clinging to it helps no one at this point. Ultimately, the flaws of capitalism are inherent to the system - as outlined, many of the benefits of the system are effectively the same as its drawbacks.
Ideally, a socialist market economy dominated by firms in the form of workers’ coops like Mondragon Corp is probably the best next step in human civilization, even if that too has its own set of drawbacks.
That’s SocDem talk. I’m a bit more radical - I believe that capitalism’s time has passed, and it’s high time for a replacement in developed countries. It had its uses, but clinging to it helps no one at this point. Ultimately, the flaws of capitalism are inherent to the system - as outlined, many of the benefits of the system are effectively the same as its drawbacks.
Ideally, a socialist market economy dominated by firms in the form of workers’ coops like Mondragon Corp is probably the best next step in human civilization, even if that too has its own set of drawbacks.
I’m even more radical than that, personally I look towards Rojava and it’s anarchy-lite confederalism