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Farmer-Rick

(12,683 posts)
1. Capitalism as an economic system is too slow, stagnant
Sun Oct 22, 2023, 09:28 AM
Oct 2023

And inefficient to respond to major modern day problems.

The filthy-rich get entrenched and refuse to change even if more efficient, practical and cleaner ways of doing business are available. But since the filthy-rich have a large majority of all the capital and the power, they prevent others from using improved technology. They actively work against the most obvious solution in order to keep making profits in ways they are use to.

Until the majority of the world gets a more efficient economic system, we will be stuck with the primitive burning of fossil fuels for energy. It's like getting stuck with the horse and buggy because the buggy makers and horse traders have too much capital and use it to prevent the development of the car.

Take a look at how feudalism ended. It was stagnant, inefficient and slow. It prevented rapid economic development. The German based royals of England embraced capitalism and were able to survive the transition. Will they be able to survive this next economic transition?

Humans will either transition out of capitalism or be killed off when we lose most of our human habitat from burning fossil fuels for energy.

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