At the height of the pandemic, @IsabellaMWeber was ridiculed by mainstream economists for arguing that corporate price hikes were driving inflation.

Since vindicated, she tells Jacobin how we can save democracy from the crisis of capitalism: jacobin.com/2026/10/weber-inte…

in reply to Jacobin
@Jacobin The problem with socialism is it guarantees universal poverty and starvation. That's been the outcome everywhere it's been tried throughout history. Is capitalism perfect? No, but it beats socialism. Capitalism would be ideal if one could eliminate monopolies, corporate capture of government, etc, nothing can make socialism work, economics are just too complicated to be hand managed and when you make all people equal you eliminate any incentive to be productive. Nobody makes stuff then there is no stuff. And stuff includes food, which is why five million Bolsheviks starved to death.

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