And almost for the entirety of that period, humans lived in abject poverty. The rise of capitalism perfectly correlates with the most spectacular increase in human flourishing and prosperity in the history of our species. Even in the last fifty years, liberalizing economies, private ownership, and contract law have lifted tens of millions out of poverty, mostly in SE Asia.
replyAnd yet many in capitalist society lived and still live in abject poverty, despite the fact that there are enough resources so that no one should be left wanting. Nevertheless, you've somehow convinced yourself that those people either (a) don't matter, (b) deserve it, or (c) can't be helped.
replyIf the goal is to reduce poverty, I fail to see how the existence of billionaires is a positive outcome, either now, in the form of Musk and his ilk; in the form of the robber barons of the late 18th century; or in the form of the noble lords of the feudal period to owned a lot but contributed nothing.