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Ken's avatar
Aug 19Edited

No he wasn’t. Proven worldwide, no form of government exists without corruption. Some are more vulnerable to that than others. One thing capitalism does do is to acknowledge the human drive in human self-interest. Effort is rewarded. Things are built. Economies flourish.

There is no communal system that can even come close. Yes capitalism has flaws. The solution to that, unfortunately is NOT government regulation.

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Shayne Wissler's avatar

The problem with capitalism as historically practiced is not of course with the general idea of an individual's property right to the fruits of his labor; it's that there has never been any philosophically disciplined identification of what should and should not count as "property."

A simple historical example was "property in slaves." Another example is "property in arbitrary land claims" (as opposed to Lockean Proviso-based land ownership). But there are actually many more insidious examples of corrupt ideas of property, which then naturally lead to Marxian blowback against the idea of a free market, and the Left-leaning population is more sensitive to such underlying injustice than the Right (though they lack the intellectual tools to identify the real problem.)

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