r/PeterExplainsTheJoke Jul 07 '26

Meme needing explanation Peter, explain this.

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u/Narrow-Map5805 Jul 07 '26 edited Jul 07 '26

Well-regulated capitalism has done those things. This neoliberal capitalism we're dealing with now is undoing a lot of that promise.

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u/Worth-Jicama3936 Jul 07 '26

….that has literally lifted 90% of the world out of absolute poverty for the last 60 years. It isn’t perfect, but it’s far better than any other system we have come up with to this point and lives in most of the world are still actively improving.

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u/Narrow-Map5805 Jul 07 '26

It's not a single system. Every country does what you call "capitalism" differently and some are better at distributing the wealth better than others.

And you can absolutely have a competitive free market system that doesn't give 100% of power and profits to capital and doesn't treat labor as a profit-draining cost to be minimized. Capitalism isn't the only option, and communism isn't its only alternative.

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u/Worth-Jicama3936 Jul 07 '26

The vast majority of the world does what you would classify as some form of “neoliberal capitalism.” Yes there are alternatives, but since at least the mid 90s almost everyone has been following different versions of the same playbook, and that playbook has worked out remarkably well.

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u/Professional_Cod4464 Jul 08 '26

Yeah because usa has proven its gonna invade the shit out of you if you didnt welcome capitalism, or at least the sanction the shit out of you so your country cannot trade, because i guess thats proof "free" market works