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RE: The Economic Calculation Problem and Libertarian Socialism
"I'm not an economist, though everyone is in a way, but who are the people who came with above? That is the most flawed theory I've ever come across in the history of all things flawed."
That is my extrapolation from the fact that the main argument against raising wages is "meh economy" and people seem content with that answer. They put the economy over the people, so I might as well state it
Wrong. Capitalism is an understanding that the economy and the welfare of the people are connected. A strong economy means greater welfare. Since capitalism leads to a greater economy, welfare inevitably improves. That's how capitalism has brought 1 billion people out of poverty in 20 years, which is a point you cannot argue against.
I must confess it fits the occasion.