Capitalism is the best we’ve got. Even North Korea has acknowledged this. With other systems people starve en masse. My hope is that we get over the taboo of regulation. Capitalism fucks up real-estate and wealth distribution. And health-care should 100% be government funded.
Seems super likely that capitalism is going to be a major factor in our extinction. Maybe we could have a bit less of it and actually survive as a species
It seems like you already understand some of the limitations of capitalism. Look into why regulation has gradually been rolled back in the US since the 70s. Why did politicians start to agree with corporate execs demands for lower regulation. Keywords to look up - regulatory capture.
On a separate point, there’s plenty of famines that have occurred in capitalist economies due to capitalist exploitation - that is make more money, at the cost of of creating a famine. Some estimates put the deaths due to famines under capitalism higher than those under socialism. I used to simply know only of the famines under socialism and not know of the famines under capitalism.
Finally the capitalism we live in since the Great Depression is significantly different than the capitalism before it. Socialists, actual Marxists in western counties, yes the US included, were actively involved in the policies that created the welfare states across the west along with the regulatory regime. Some of FDR’s economic advisors were Marxian economists.
That was the compromise to save capitalism from imminent worker revolution. The unregulated, no-safety-net version of the system had lead to the conditions for such revolution. The socialist policies that averted the revolution in have slowly been dismantled over time and the system is reverting to the pre-Great Depression state. Faster in some countries than others.
If you want to reform capitalism to the point where it can no longer revert to economic liberalism (free market fundamentalism), you’d have to almost completely eliminate wealth accumulation. You could only do that by changing the ownership of the means of production. E.g. all employees in all corporations become equal owners (or controllers) of the machines and therefore the decisions on sharing the wealth those machines produce, instead of those decisions being made by a tiny number of major shareholders. You’d also have to significantly expand the industries operated by the government. At that point you end up with socialism. And yes socialism doesn’t mean central planning and no markets. Capitalism doesn’t mean no central planning and just markets. We do plenty of central planning in capitalist economies across governments and large corporations.
I’m not asking you to change your mind today. Just pointing out a few things to look into in case you haven’t.
Capitalism is the best we’ve got. Even North Korea has acknowledged this. With other systems people starve en masse. My hope is that we get over the taboo of regulation. Capitalism fucks up real-estate and wealth distribution. And health-care should 100% be government funded.
Seems super likely that capitalism is going to be a major factor in our extinction. Maybe we could have a bit less of it and actually survive as a species
The major shareholders have voted down your proposal.
I actually agree with this. Capitalism presumes infinite resources.
It seems like you already understand some of the limitations of capitalism. Look into why regulation has gradually been rolled back in the US since the 70s. Why did politicians start to agree with corporate execs demands for lower regulation. Keywords to look up - regulatory capture.
On a separate point, there’s plenty of famines that have occurred in capitalist economies due to capitalist exploitation - that is make more money, at the cost of of creating a famine. Some estimates put the deaths due to famines under capitalism higher than those under socialism. I used to simply know only of the famines under socialism and not know of the famines under capitalism.
Finally the capitalism we live in since the Great Depression is significantly different than the capitalism before it. Socialists, actual Marxists in western counties, yes the US included, were actively involved in the policies that created the welfare states across the west along with the regulatory regime. Some of FDR’s economic advisors were Marxian economists.
That was the compromise to save capitalism from imminent worker revolution. The unregulated, no-safety-net version of the system had lead to the conditions for such revolution. The socialist policies that averted the revolution in have slowly been dismantled over time and the system is reverting to the pre-Great Depression state. Faster in some countries than others.
If you want to reform capitalism to the point where it can no longer revert to economic liberalism (free market fundamentalism), you’d have to almost completely eliminate wealth accumulation. You could only do that by changing the ownership of the means of production. E.g. all employees in all corporations become equal owners (or controllers) of the machines and therefore the decisions on sharing the wealth those machines produce, instead of those decisions being made by a tiny number of major shareholders. You’d also have to significantly expand the industries operated by the government. At that point you end up with socialism. And yes socialism doesn’t mean central planning and no markets. Capitalism doesn’t mean no central planning and just markets. We do plenty of central planning in capitalist economies across governments and large corporations.
I’m not asking you to change your mind today. Just pointing out a few things to look into in case you haven’t.