define working.
All an economic system should do is allocate resources to meet finite ends. promoting "equality" is immaterial.
that said, many bemoan capitalism, but value smartphones, the internet, TV, movies, etc. which wouldn't exist without a capitalist model. You think Samsung and Tim Cook make phones out of the goodness of their heart, or to make revenue and ultimately profits?
Capitalism works since it allocates resources efficiently. if there are poor, meh, there always have been poor. at least today, the poor can better themselves if they choose. tell poor commoners in 1350 if they ever had a chance to better their economic lot.
All an economic system should do is allocate resources to meet finite ends. promoting "equality" is immaterial.
that said, many bemoan capitalism, but value smartphones, the internet, TV, movies, etc. which wouldn't exist without a capitalist model. You think Samsung and Tim Cook make phones out of the goodness of their heart, or to make revenue and ultimately profits?
Capitalism works since it allocates resources efficiently. if there are poor, meh, there always have been poor. at least today, the poor can better themselves if they choose. tell poor commoners in 1350 if they ever had a chance to better their economic lot.
