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Full Idea
Capitalism's excuse is its vibrancy, its ability to innovate, to offer individuals agency and the chance to prosper, and in doing to so sponsor growth and rising living standards. By these criteria no system has yet surpassed it.
Gist of Idea
Capitalism is the best system for innovation, opportunity and better living standards
Source
Will Hutton (This Time No Mistakes [2024], 1)
Book Ref
Cochrane,Tom: 'The Aesthetic Value of the World' [OUP 2021], p.1
A Reaction
With Idea 24155, I can't imagine a better summary of the value of capitalism. This idea summarises neatly why the destruction of capitalism strikes me as a rash ambition, apart from wondering what would replace it. There is also an ecological dimension.
Related Idea
Idea 24155 Capitalism has boom and bust, inequality of power and wealth, and a love of monopoly [Hutton]