Jim Stanford on Capitalism
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“Competition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism.”
“Economic systems come, and economic systems go. No economic system lasts forever. Capitalism is not likely to last forever, either.”
“Capitalism, in contrast, has existed for fewer than 300 years. If the entire history of Homo sapiens was a 24-hour day, then capitalism has existed for two minutes.”
“Like a forensic accountant trying to solve a corporate fraud, following the trail of money around the circle is a good way to understand what actually happens as capitalism unfolds.”
“One of the glaring failures of capitalism is the continuing widespread existence of poverty - often extreme poverty. Even in the advanced economies, many millions of people endure terrible economic and social deprivation, despite the incredible wealth all around them.”