This is a great write up. I think the problem with economic theory discussions is it is an extremely complex and nuanced topic. Saying ‘capitalism bad’ is popular, but not very constructive.

I think one big point that gets bungled in these economic debates is markets. That’s supposed to be the shining light of capitalism because of how efficient markets are at allocating scarce resources. The point that I think is missed, is that markets can be used very effectively outside of a capitalist system. They need to be designed for other economic systems, but they can easily handle the biggest argument with socialism; centralized control.

I feel that is a major point missing in these debates and I just wanted to give it some attention.