Why not blame both?
That’s the point of the article…
Blame Cronyism, Not Capitalism
21–30 of 261 posts
Re: Blame Cronyism, Not Capitalism
#22Cronyism is indeed the disease and there is a solution on automation and transparency. Big Government is not the solutions and it will only make all the problems worse. I really don't understand why so many smart people think that solution for the whole world is to sit down and vote money into existence.
I will never work because it just can't work, everyone is different and has different priorities. A better world can only be built from the bottom up, just look at craft beer and how independent people were able to retake one of the most monopolistic industries in the world.
Re: Blame Cronyism, Not Capitalism
#23Not a shocker that corruption ruins things. I guess then the question is how you can design a broadly distributed system that removes the incentives for corruption and minimizes its impact. My guess is that such a system won't be found in capitalism
Capitalism quite clearly requires strong regulation. At least, any sort of positive capitalism that doesn't immediately succumb to monopolies, cartels and corruption. The problem is that the loudest voices arguing for capitalism, also tend to argue against regulation, accountability, and that sort of thing.
Capitalism requires strong regulation but communism requires top down control.
Re: Blame Cronyism, Not Capitalism
#24Not a shocker that corruption ruins things. I guess then the question is how you can design a broadly distributed system that removes the incentives for corruption and minimizes its impact. My guess is that such a system won't be found in capitalism
Government and NGO can also be corrupted too, just look at the recent doctors without borders sex for food scandals.
Re: Blame Cronyism, Not Capitalism
#25Cronyism is the logical conclusion of capitalism.
As someone who lived in a communist system…no, cronyism is how you survive in a communist system. Otherwise you starve.
Re: Blame Cronyism, Not Capitalism
#26[flagged]
Re: Blame Cronyism, Not Capitalism
#27I mean sure, you could blame cronyism for any ideology or systems because these ideologies were always presented, as the name implies, in an ideal situation. What is always important is the ability of that system to be fault tolerant in a not so ideal world, which is where capitalism fails and that is squarely on capitalism itself.
Re: Blame Cronyism, Not Capitalism
#28Not a shocker that corruption ruins things. I guess then the question is how you can design a broadly distributed system that removes the incentives for corruption and minimizes its impact. My guess is that such a system won't be found in capitalism
IIRC "the dictators handbook" mentions that the more people in a power position, the harder to corrupt, because it becomes more expensive. Of course this brings a slower process, so it's like a trade-off.
Link: https://www.mr-sustainability.com/stories/2020/dictators-han....
Re: Blame Cronyism, Not Capitalism
#29Capitalism describes Capitalism doesn't prescribe We should praise Capitalism for describing humanity better than other *ism
> We should praise Capitalism for describing humanity better than other *ism
There are plenty of examples of non capitalist societies thorough history.
What does "capitalism" describe about humanity, exactly?
Re: Blame Cronyism, Not Capitalism
#30That's like saying blame authoritarianism not communism. Communism led to authoritarianism in every country where it was tried. Blaming one means blaming the other indirectly. Same here.
The difference is this: in communism you always end up with authoritarianism, while in capitalism it happens less and less frequently. For this reason you can associate communism with authoritarianism.
The corruption is NOT typical to capitalism, both capitalism and communism have plenty of corruption. As a citizen of a former communist state, I can say that communism has even more corruption in general.
I think this is because capitalism doesn't deny that there is corruption and human beings at their innermost are not fair and just, so the capitalist institutions are designed to work around that. Communism on the other hand, assumes there is "a new man", which is fair, works as hard as they can and takes only what they need. But this is false, and never happens, so you need the state to enforce it, but then the people will still be humans and do what humans do: trade goods, services and influence, but under the table.