nah not really bro. market liberalism consistently lifts rich people further into richness and pounds poor people further into poorness
cf. india both in the 19th century (hooray for capitalist genocides) and today, the caribbean (especially jamaica) after trade liberalization was forced by the imf, africa for pretty much all time, the vast majority of the population of china, latin america for its entire history, etc
given your previous post about bankruptcy laws you probably have a more or less moral capitalist system in mind like sweden or canada as opposed to a post-industrial cyberpunk hellhole but you've got to remember that even in those countries capitalism creates more losers than winners and the vast majority of those countries' wealth has been extracted from the third world, the shittiness of life in which i don't need to talk about in detail.
just as an example the capital which propelled britain's industrial revolution was accumulated through the plunder of north america and heavy involvement in the transatlantic slave trade. the same with the dutch, and holland is the birthplace of capitalism after all.
the purpose of capitalism is to defend the private property (particularly ownership in production, for example dudes who hold stocks) of those who hold it against those who do not, and to allow people who have capital to get more of it through investment etc. you can say that people who invest capital deserve ownership because they risk their capital but you have to ask where the necessity of capital comes from in the first place - it's something of a circular argument.
cf. india both in the 19th century (hooray for capitalist genocides) and today, the caribbean (especially jamaica) after trade liberalization was forced by the imf, africa for pretty much all time, the vast majority of the population of china, latin america for its entire history, etc
given your previous post about bankruptcy laws you probably have a more or less moral capitalist system in mind like sweden or canada as opposed to a post-industrial cyberpunk hellhole but you've got to remember that even in those countries capitalism creates more losers than winners and the vast majority of those countries' wealth has been extracted from the third world, the shittiness of life in which i don't need to talk about in detail.
just as an example the capital which propelled britain's industrial revolution was accumulated through the plunder of north america and heavy involvement in the transatlantic slave trade. the same with the dutch, and holland is the birthplace of capitalism after all.
the purpose of capitalism is to defend the private property (particularly ownership in production, for example dudes who hold stocks) of those who hold it against those who do not, and to allow people who have capital to get more of it through investment etc. you can say that people who invest capital deserve ownership because they risk their capital but you have to ask where the necessity of capital comes from in the first place - it's something of a circular argument.