General Discussion
In reply to the discussion: "Sorry, It's Not a 'Law of Capitalism' That You Pay Your Employees as Little as Possible. It's..." [View all]fasttense
(17,301 posts)They have been a capitalist society for centuries. If capitalism is just so wonderful at helping people, than why is India still developing??? They were around long before the US. In fact the East India Tea Company was used to rig prices in US markets when the US was a mere colony to Great Britain. Why the slow development if capitalism is such a wonderful economic system?
I see you decided that using a country that calls itself communist is NOT a good example of a successful capitalist economy.
When most of mankind lived under feudalism, capitalist were a rare anomaly. Capitalist corporations were very small in comparison to the vast wealth of royalty and religious institutions. But eventual feudalism disappeared (except inside the structure of capitalist corporations).
No there are many alternatives to capitalism that are a whole lot better than what we have now.