this post was submitted on 26 Dec 2023
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[โ€“] Old_Dude@lemmy.world 3 points 9 months ago (1 children)

I think it was good to get our country to it's most prosperous point, but there are obviously some huge flaws now causing a smaller middle class. It seems that a form of evolution is needed, and we are at a point where some change is needed, but capitalism was great at creating a large middle class before digressing from that.

[โ€“] farcaster@lemmy.world 5 points 9 months ago* (last edited 9 months ago)

Yep. I am not an economist, but I do read a lot of history and it seems to me Keynesianism worked quite well for most people at the time (1940s-1970s), and perhaps going back to it would help the middle class. Neoliberalism/Austrian-school/individualism have caused monumental inequalities since the 1970s. Sure, GDP growth has been spectacular (number goes up), but most people have not benefited. I don't think this is a flaw of capitalism per-se.

Still, I also hope something better comes along and we won't have to live under some future dystopian corporatocracy... Weyland-Yutani appreciates you