Quote 23 Jun 67 notes
Actually, it is all pretty simple. Capitalism is supposed to create wealth in which everyone can share – not equally, but at least to the acceptable benefit of all. When capitalist societies start featuring widespread unemployment (as happened in the 1970s), or widespread instances of wages that don’t cover basic needs (which accelerated in the 1980s), or simply increasing inequality (which started galloping in the 1990s), then it isn’t doing what its champions expect it to do, and the state has to step in.

#capitalism #politics #economy

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