Capitalism Didn’t Invent “Keeping Up with the Joneses”
Anti-capitalists long ago lost the argument about whether or not capitalism is the most effective way to increase living standards. Thanks to the spread of a largely-capitalistic marketplace, global poverty rates have fallen precipitously, life expectancy has risen, and standards of living continue to rise. The greatest gains have been in the so-called “developing world.”
But this hasn’t stopped anti-capitalists from coming up with new reasons — reasons unrelated to overcoming poverty — as to why capitalism ought to be abandoned.