If the goal is human flourishing, it is not capitalism that needs to justify itself. It is socialism, which has survived only by clinging to the very system it claims to supersede...
You nailed it! Should be rubbed under the noses of all the aspiring socialists. However, it is very difficult to understand why the evidence is still ignored by the socialist wannabees. Perhaps we can learn something from the recent knock which "wokeism" experienced: only when more "non-wokes" started fighting back and stopped apologising, did the illusions of wokeism start to be questioned and challenged widely. I find in the South African context still too few capitalists willing to openly say why capitalism, even with all it's shotcomings, deliver so many sustainable benefits exceeding what socialism can ever deliver via its parasitic practices, which only consume what it does not produce itself. This creates the vacuum for political classes to fill with good-sounding empty promises of paradise on earth...
The Cuba example nails it. Remittances from expatriates basically function as an external life support system for regimes that can't sustain domestic wealth creation. I've tracked similar patterns in other command economies where foriegn currency flows from diaspora communities paper over structural failures. These transfers essentially subsidize the continuation of policies that would otherwise colapse under their own weight.
An excellent article ... a pity though that the word capitalism continues to be used as synonymous with the free market.
Sometimes maybe the system that is called capitalism coincides with a free market.
Mostly it does not and feeds communist and socialist propagandists with the semantic energy to continue smearing that which they fear the most ... the free market.
In a free market there is no slavery, not even the modern day equivalents of workers intimidated into working 24 x 7 for a bowl of rice and "free" little Red Books ...
Until we stop referring to the free market as capitalism the left wing propagandists will continue to swell their ranks.
You nailed it! Should be rubbed under the noses of all the aspiring socialists. However, it is very difficult to understand why the evidence is still ignored by the socialist wannabees. Perhaps we can learn something from the recent knock which "wokeism" experienced: only when more "non-wokes" started fighting back and stopped apologising, did the illusions of wokeism start to be questioned and challenged widely. I find in the South African context still too few capitalists willing to openly say why capitalism, even with all it's shotcomings, deliver so many sustainable benefits exceeding what socialism can ever deliver via its parasitic practices, which only consume what it does not produce itself. This creates the vacuum for political classes to fill with good-sounding empty promises of paradise on earth...
The Cuba example nails it. Remittances from expatriates basically function as an external life support system for regimes that can't sustain domestic wealth creation. I've tracked similar patterns in other command economies where foriegn currency flows from diaspora communities paper over structural failures. These transfers essentially subsidize the continuation of policies that would otherwise colapse under their own weight.
An excellent article ... a pity though that the word capitalism continues to be used as synonymous with the free market.
Sometimes maybe the system that is called capitalism coincides with a free market.
Mostly it does not and feeds communist and socialist propagandists with the semantic energy to continue smearing that which they fear the most ... the free market.
In a free market there is no slavery, not even the modern day equivalents of workers intimidated into working 24 x 7 for a bowl of rice and "free" little Red Books ...
Until we stop referring to the free market as capitalism the left wing propagandists will continue to swell their ranks.