What does it work at? Capitalism is excellent at rapidly increasing productive capacity, but it is also excellent at rapidly consolidating control over productive capacity into as few hands as possible. Unless you exclude capitalists from the political process, this inevitably leads to oligarchy and neo-feudalism.
What does it work at? Capitalism is excellent at rapidly increasing productive capacity, but it is also excellent at rapidly consolidating control over productive capacity into as few hands as possible. Unless you exclude capitalists from the political process, this inevitably leads to oligarchy and neo-feudalism.