Capitalism describes
Capitalism doesn't prescribe
We should praise Capitalism for describing humanity better than other *ism
Capitalism doesn't prescribe
We should praise Capitalism for describing humanity better than other *ism
Capitalism describes a system where ownership over all capital is marketized. A society can adhere to that system or not. Under Feudalism, for example, land ownership is instead attached to hereditary titles. You can argue that Capitalism is the best economic system for a society, but it is hardly the only one. In fact, compared to the millenia for which Feudalism lasted, Capitalism is very, very recent.
There are plenty of examples of non capitalist societies thorough history.
What does "capitalism" describe about humanity, exactly?
Discussions should be on the level of what rules allow society to reach a better result, not just try to artificially fix problems because it leads to even bigger problems.
So only those who can perform jobs and buy things are able to vote? That sounds dystopian to me.
a) One dollar one vote? That's "ultimate democracy"? Really?
b) how much labour would you say the average ceo does compared to the average low level worker? The ceo works 200-500 times as hard? Really?
Regulations typically limit the power of the most powerful in society, whose power in turn restricts the rest of us. Thus, regulation frequently increases the freedom of most citizens.
Consider a business owner who treats his workers poorly. The workers could find new employers, but odds are they'd be treated just as poorly there, because these labour conditions are not atypical. Then a bill is passed which forces employers to improve labour conditions. Less power for elites means workers' freedom from having power exerted upon them increases.