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Capitalism is an abysmal failure

I remember an old podcast that I had previously listened titled, 'The Buddha in the World”. An Eastern Indian/American author named Pankaj Mishra had a very profound message that had implications for everyone in our modern world. He opined that on almost every level, capitalism as a social experiment, has been shown to be a complete disaster. He argues that although the free market has made many of our lives easier and given us untold conveniences and technological advances, at what cost as it come? Environmental degradation, crime, violence, addiction, failed relationships, mental illness, socioeconomic disparity, substandard education and overall rates of general dissatisfaction…have never been higher. This model is completely unsustainable and really, only works for the wealthy. He continues that, as India becomes a super power, along with China, their bourgeoisie will eventually demand lives that reflect Americans' and that planet earth cannot long sustain.


I remember an old podcast that I had previously listened titled, 'The Buddha in the World”. An Eastern Indian/American author named Pankaj Mishra had a very profound message that had implications for everyone in our modern world. He opined that on almost every level, capitalism as a social experiment, has been shown to be a complete disaster. He argues that although the free market has made many of our lives easier and given us untold conveniences and technological advances, at what cost as it come? Environmental degradation, crime, violence, addiction, failed relationships, mental illness, socioeconomic disparity, substandard education and overall rates of general dissatisfaction…have never been higher. This model is completely unsustainable and really, only works for the wealthy. He continues that, as India becomes a super power, along with China, their bourgeoisie will eventually demand lives that reflect Americans' and that planet earth cannot long sustain.

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