I think there is a big discrepancy between what Captialism is defined as, what Capitalism actually is, and the ‘Spirit of Capitalism’ that a lot of folks buy into.
‘The Spirit’ is the idealistic bit. Competition breeding innovation. The better the service/product, the more successful you can be. Classic American Dream stuff.
In reality, its a race to the bottom where all principles and values are eschewed for profit.
Kinda like Communism where what it Should be or what it Could be are different than what we get in practice. And any given person is going to be thinking about it from a different lens, so you get delusional, idealistic, cynical, and occasionally reasonable takes all talking about the ‘same but entirely different’ thing.
I think there is a big discrepancy between what Captialism is defined as, what Capitalism actually is, and the ‘Spirit of Capitalism’ that a lot of folks buy into.
‘The Spirit’ is the idealistic bit. Competition breeding innovation. The better the service/product, the more successful you can be. Classic American Dream stuff.
In reality, its a race to the bottom where all principles and values are eschewed for profit.
Kinda like Communism where what it Should be or what it Could be are different than what we get in practice. And any given person is going to be thinking about it from a different lens, so you get delusional, idealistic, cynical, and occasionally reasonable takes all talking about the ‘same but entirely different’ thing.
Capitalism just had better PR.