LogFAQs > #962342612

Cocytus posted...

Ok, so, what is the guy's alternative, socialism?

RchHomieQuanChi posted...

Sure. Most socialists would actually agree with you, considering Marx himself argued that capitalism was a necessary step in humanity's progression. However, where socialists differ is that they believe capitalism will inevitably evolve into its "late stage" form, where the system becomes so unstable that we'll need to adopt a new system if we want to have any chance of survival.

It's the reason why we have constant boom and bust cycles every 7 years or so. Workers eventually become unable to buy the goods they help produce and the entire system collapses on itself until government intervention becomes necessary to save it. The problem is society can only handle so much of that until we have a total meltdown. This is pretty much what we're seeing happen to the U.S.

An alternative I would offer is to fund things like UBI, Universal Healthcare, etc.