Supporters Of Capitalism [sic] Are Victims Of Their Own Cognitive Biases

Source: Caitlin Johnstone
by Caitlin Johnstone

“People who believe capitalism is working out great are just sloppy thinkers who’ve fallen victim to survivorship bias and the just-world fallacy. Survivorship bias is when your analysis focuses on those who made it while ignoring those who didn’t. You got a decent job, bought a house, and are now living comfortably, which means the system works fine and there must be something wrong with anyone who can’t thrive under it. All the people who work just as hard as you do but still find themselves struggling go completely missing from your perspective. All the people who are just as clever and resourceful as you but haven’t found financial stability are conveniently overlooked.” (09/01/26)

https://caitlinjohnstone.com.au/2026/09/01/supporters-of-capitalism-are-victims-of-their-own-cognitive-biases/