The last response is the cause of our current predicament, but the dynamic has already been continued creating the next big crunch - the first thing the government did in response to this crisis was to lower interest rates, and the second thing was to subsidize six trillion dollars of corporate debt at the fake rates rather than letting the market correct itself.
Sure, the problem isn't actually capitalism per se, but rather the rent treadmill fostered by extreme concentrations of capital. Our economy is strongly centrally planned via artificially low interest rates, with the overt goal of making everyone work full time - essentially by eroding labor's bargaining power versus capital.
If someone's latent paradigm causes them to see this dynamic as endemic to late stage capitalism, nitpicking with no true Scotsman isn't terribly useful unless you have a plan to keep the people who control large capital accumulations from continuing to influence monetary policy to their benefit. Putting aside terminology, your gripes would likely have more in common than not.
Sure, the problem isn't actually capitalism per se, but rather the rent treadmill fostered by extreme concentrations of capital. Our economy is strongly centrally planned via artificially low interest rates, with the overt goal of making everyone work full time - essentially by eroding labor's bargaining power versus capital.
If someone's latent paradigm causes them to see this dynamic as endemic to late stage capitalism, nitpicking with no true Scotsman isn't terribly useful unless you have a plan to keep the people who control large capital accumulations from continuing to influence monetary policy to their benefit. Putting aside terminology, your gripes would likely have more in common than not.