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What has capitalism brought us?

Capitalism brings three things:

   •   

rapid growth

   •   

chronic instability

   •   

an unreasonable level of inequality

Defense of capitalism

Of these three elements, only the first was positive. It is no longer so, because we have reached the limits of the planet.
The defenders of capitalism deny the second.
The most dogmatic also deny the third (unreasonable inequalities) by means of 'trickle down theory', or a more elaborate version.

In the end, the current defense system of capitalism remains based on “communism is worse”, or a more watered down and false version of “it is the least bad system”.

Go deeper

To better understand the different attempts to moderate capitalism throughout history, refer to the course entitled Legal figures of economic democracy, given by Alain Supiot at the Collège de France in 2016

A serious alternative to capitalism is presented in the second part from the book From capital to reason.

 

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