Exactly. But we're talking about the present, aren't we?
And with all its flaws, the present isn't all that bad. Capitalism has been a powerful instrument for economic growth and financial liberation. Declining global poverty rates, more opportunities, etc.
China’s economy has been responsible for approximately 75% of the global poverty reduction since the late 1970s [1]. It seems like we should credit socialism not capitalism with the reduction in poverty.
Today we enjoy countless benefits due to workers’ movements of the past. These benefits were fought every step of the way by the business class. It’s highly ironic to attribute all this to capitalism.
