this post was submitted on 08 Nov 2025
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Smart people worldwide used to say that democracy had been tried and failed. What's unrealistic is expecting capitalism to last forever.
Which smart people? There are plenty examples of it working correctly in Europe.
Thomas Aquinas, Niccolò Machiavelli, Jean Bodin, Thomas Hobbes, Blaise Pascal, Voltaire, and more. It was the prevailing opinion before the French revolution. There were plenty of examples of feudalism "working correctly" before we had a good example of democracy.
Every societal idea is a bad idea before it works. Whatever comes after capitalism has almost certainly been proposed already, and gets dismissed like democracy was. That's what social progress actually looks like.
If they're so smart, why don't they have a TikTok?!
/S
I do think it's important to clarify that America was the first modern democracy, so others learned from our mistakes while we refuse to learn lessons from anyone else. With a big qualifier that only white male landowners could vote and while Black slaves were "represented" in amount of House members, they had no vote themselves, their owners and other white male landowners just got disproportionate representation.
When talking about government systems, "first is worst" shouldn't surprise anyone , but it continually does.
Thank you for actually answering the question. However I see feudalism as a political concept and not a financial one.