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Reply #230: Capitalism isn't a theory, so it makes little sense to speak of it being "correct." [View All]

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eallen Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-08-07 06:21 PM
Response to Reply #223
230. Capitalism isn't a theory, so it makes little sense to speak of it being "correct."
Capitalism is a kind of economic system, and so it makes sense to discuss its characteristics. Marxism claims to be an economic theory, more, the economic theory. The fact that it fails to understand some fundamental aspects of capitalism is a very serious flaw for Marxism.

And yes, being a liberal, I value economic and technological progress, and want those to continue. I think it is a good thing that we have today all sorts of affordable goods and services -- cell phones, home glucose monitors, laptops, iPods, laparoscopic surgery, digital cameras, GPS systems, etc. -- that didn't exist a mere thirty years ago. I do not set the rapidity of economic advance as the sole political issue. I recognize that much of what gets produced goes to fairly frivolous use, and that there are other political issues of importance. On the other hand, that wealth makes it far easier to address some political issues that in past times weren't. Even if someone in the 17th century had dreamt of providing all workers with a minimal retirement program like social security, it simply wouldn't have been practical at the levels of wealth then produced. Today, it is done in every modern nation. So yes, I want that hockey stick of the last 500 years to keep going, and therefore oppose the destruction of the economic system that causes it. That doesn't make capitalism "correct." Just useful. To the libertarian, capitalism is a god to worship. To the Marxist, it is a demon to destroy. To the liberal, it is part of human technology, like a written alphabet, that has certain features and utility.

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