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Capitalism is failing

http://rafaelkino.com/essays/capitalismisfailing.html

by sprafa • 10 years ago

2 5 10 years ago

RA

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5

okket2• 10 years ago

Does not look like capitalism is failing or doing a really bad job:

https://ourworldindata.org/world-poverty/

collyw• 10 years ago

is that down to capitalism or technology? Inequality has been rising for the last 40 years.

okket2• 10 years ago

Inequality has been rising for the last 40 years.

Really?

https://ourworldindata.org/global-economic-inequality

sprafa2• 10 years ago

As I point out in my text, I think it does fine for physical products.

But the digital products we are making now aim for the psychological needs we have and they are having adverse effects. In that sense I think the "engine of innovation" is broken. We're not making useful products anymore.

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