Bailouts and subsidies are what come to mind for me

  • Chapo_is_Red [he/him]
    ·
    2 years ago

    (1) It's failing most people right now. You can point to individuals within capitalist societies, but you can also point to most nations. Only a few individuals and nations have really benefited from capitalism.

    (2) Climate change and our inability to respond to it are a direct result of capitalism's drive for infinite growth.

    (3) Historically, I'd summarize the argument of Late Victorian Holocaust as an example of the failure of capitalist markets and the disastrous consequences of "free market fundamentalism."

    (4) In a more limited sense, there's the periodic boom/bust cycle.