Oh, as narrowly as you pose it, not at all! Whoever manages capital best should manage it. If it's a three-way competition between workers, owners, and machines… may the best decision-maker win!
Capitalist countries were only able to edge out socialist economies by banking on their extant head-start and behaving socialistically (copying socialism in a light way—redistribution, worker advocacy, etc.).
As soon as they were able to claw it all back in the direction of pure capitalism all hell was set loose.
1. Humans invented God (and HaShem and the Almighty). God has always been a human creation.
2. Having invented God, humans then assigned to Him their own powers of creation. […]
3. Having projected thought onto a non-human and invented entity, humans then subordinate themselves to it. Endowing their own creation with a specious authority, they take themselves to be lesser than it.
4. People make capital. Everything that counts as capital is a human creation. […]
5. Having created capital, people then assign to it the powers of creation. […]
6. Once the creative powers of work get misassigned to capital, actual workers are made subordinate to it. A created thing that lacks the powers to create is taken to be the all-creative thing and so allowed to lord it over the real creators.
I provide reporting about how the CIA manipulated the Chilean economy to create the perception that Allende was a bad politician.
In response you simply assert that Allende was a bad politician.
Do you see the problem?
I think the Americanized world will not survive America's decline, and this will soon become indisputable proof that it was America forcing its model onto others rather than anything organic.
Alternatively, palpably growing discontent with material conditions and depleting trust in America's ideological production considers the above account risible Whig history.
The competing account is exactly opposite: the hitherto antiquated idea of a benevolent liberal "end of history" is torn to shreds, as research made widely available even in English variously showcases that the CIA was involved in various genocides (such as Indonesia's) in order to preserve its geopolitical and economic supremacy, to say nothing of exposes about how the FBI tried to goad MLK Jr. into suicide, and other stuff of that sort.
Books such as Vincent Bevins's "The Jakarta Method: Washington's Anticommunist Crusade and the Mass Murder Program that Shaped Our World" (2020) and Vijay Prashad's "Washington Bullets" (2020) are part of this budding understanding, whose foothold is firm both academically and in terms of popularity.
But I think in the end it's always better to hear it from the perpetrators themselves, such as in the words of the so-called "Wise Man" of American Foreign Policy George Kennan, who reported, from the U.S.'s own declassified archives:
>We have about 50% of the world’s wealth but only 6.3% of its population. This disparity is particularly great as between ourselves and the peoples of Asia. In this situation, we cannot fail to be the object of envy and resentment. Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity without positive detriment to our national security. To do so, we will have to dispense with all sentimentality and day-dreaming; and our attention will have to be concentrated everywhere on our immediate national objectives. We need not deceive ourselves that we can afford today the luxury of altruism and world-benefaction.
As pertains to Chile in particular, far from a hands-off relationship that approved of Pinochet and sent a few economists, the CIA was deeply involved in _causing_ the economic crisis that the Chilean right attributed to Allende, as reported by the New York Times in 1974:
C.I.A. Is Linked to Strikes In Chile That Beset Allende
>The Central Intelligence Agency secretly financed striking labor unions and trade groups in Chile for more than 18 months before President Salvador Allende Gossens was overthrown, intelligence sources revealed today.
They said that the majority of more than $8‐million authorized for clandestine C.I.A. activities in Chile was used in 1972 and 1973 to provide strike benefits and other means of support for anti‐Allende strikers and workers.
>the stock market is exactly the opposite of real estate investing. Land is finite, capital is not.
This is where you go wrong.
Unlike posters defending real estate "investment," I'll criticize you from the opposite end: capital markets are a disguised form of the same old rentierism.
>Prison labor has been a part of the U.S. economy since at least the late 19th century. Today it's a multi-billion dollar industry. Incarcerated people do everything from building office furniture and making military equipment, to staffing call centers and doing 3D modeling.
>13th is a 2016 American documentary film by director Ava DuVernay. The film explores the "intersection of race, justice, and mass incarceration in the United States";[3] it is titled after the Thirteenth Amendment to the United States Constitution, adopted in 1865, which abolished slavery throughout the United States and ended involuntary servitude except as a punishment for conviction of a crime. DuVernay contends that slavery has been perpetuated since the end of the American Civil War through criminalizing behavior and enabling police to arrest poor freedmen and force them to work for the state under convict leasing; suppression of African Americans by disenfranchisement, lynchings, and Jim Crow; politicians declaring a war on drugs that weighs more heavily on minority communities and, by the late 20th century, mass incarceration affecting communities of color, especially American descendants of slavery, in the United States. She examines the prison-industrial complex and the emerging detention-industrial complex, discussing how much money is being made by corporations from such incarcerations.