Specifically, what arguments fail (that support capitalism) due to faulty evidence, misunderstanding of capitalism, lack of knowledge regarding Marxism, etc.?

  • accidental@lemmy.sdf.org
    141·
    1 year ago

    my 2c:

    that we live in anything approaching an Adam Smith style capitalism at all. The scope of regulatory capture, anticompetitive behavior, cartel building et al in the current corporatist handwave means that prices can never go down, competition can’t really unseat incumbents and so on.