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12AngryHens  ·  4371 days ago  ·  link  ·    ·  parent  ·  post: Thoughts on Capitalism

First of all, I think it's important to define capitalism. What is capitalism to you? That word is thrown around so much that I don't think there's any one strict definition. If it is the idea that people are free to make whatever economic transactions they want, then I am not surprised that we find the world in the state that it is in. In such a system, whoever has the money also has the power since it is the only variable that truly counts. Once there's a particularly moneyed segment of the population, they will go to whatever ends to ensure that people will not care that they have the most power--be it through advertisement, policy action on Capitol Hill, or whatever other means necessary. And as a result, we currently have a system that greatly benefits the West but leaves Africa, Latin America, and much of Asia for dead. You are exactly right when you say that people do not care for Thailand or Bangladesh--but has anyone in the West ever truly cared? Did the West have human welfare in mind when it colonized the globe? As painful as it is, we still live in the same neocolonial system where economic benefit is reserved for the people with the money.