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Is modern capitalism outdated?

Speaking at the World Economic Forum in Davos, French President Emmanuel Macron declared that modern capitalism "can no longer work."
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plungesponge · 41-45, M
Honestly I think society needs a blend of economic models. It's painfully clear that whatever the US is operating under, whether it's called capitalism or crony capitalism or socialism for the rich, is a Ponzi scheme.

An economic model can't work if a huge number of citizens find they can't afford basic needs, people will throw it out one way or another