21–30 of 81 posts
Two alternative viewpoints I have that are radically opposed: What if government regulations warp capitalism and give protectionism and favoritism to certain companies while excluding the rest and not allowing for the free market to work? What if unregulated capitalism has cannibalized itself and destroyed the free market by way of big fish eating up all of the small ones and now we're left with a bunch of huge corpo…
Capitalism when balanced is near perfect. Capitalism taken to its fullest extreme is greed out-of-control. This is where the US is right now.
I think this view point sprouts from envy.
"Capitalism when balanced is near perfect."
Capitalism is a level of balance. Similar to common law.
It's not a productive word really because it almost poisons every discussion based on whether someone's broadly sympathetic to 'capitalism' or not. Even when people actually agree this can cause meaningless confusion. What I think is very valuable within our system is markets as a tool . There's no functioning replacement yet for allocating resources through something like a market at large scale. Even socialism symp…
Spontaneously ordered systems are also better at dynamic adaptation to exogenous changes (such as technological ones).
Two alternative viewpoints I have that are radically opposed: What if government regulations warp capitalism and give protectionism and favoritism to certain companies while excluding the rest and not allowing for the free market to work? What if unregulated capitalism has cannibalized itself and destroyed the free market by way of big fish eating up all of the small ones and now we're left with a bunch of huge corpo…
For Capitalism to work properly the government needs to be be empowered, and properly able, to enforce rules that prevent any one organisation from becoming so powerful that it corrupts and undermines the whole system. We don't have that today.
It's not a productive word really because it almost poisons every discussion based on whether someone's broadly sympathetic to 'capitalism' or not. Even when people actually agree this can cause meaningless confusion. What I think is very valuable within our system is markets as a tool . There's no functioning replacement yet for allocating resources through something like a market at large scale. Even socialism symp…
I don't think anyone denies that omniscient, well intentioned planners would be very efficient, but subjectivism and the calculation problem mean that you will never have the former, and political economy explains why you will not acheve the latter. Spontaneously ordered systems are also better at dynamic adaptation to exogenous changes (such as technological ones).
In particular in America capitalism has become a holy cow. If you suggest ideas from socialism you are labeled a dangerous radical and taken off the air.
The so called “liberal media” are bastions of capitalism. One can only look at the scathing criticism and scare mongering about Bernie Sanders.
When it comes to capitalism there is unfortunately a lot of pearl clutching. You are not say something negative about capitalism and positive about socialism in polite company.
For Capitalism to work properly the government needs to be be empowered, and properly able, to enforce rules that prevent any one organisation from becoming so powerful that it corrupts and undermines the whole system. We don't have that today.
Its important to prevent individual companies from doing it but its also important to prevent groups of companies and even entire industries from doing it.
Putting them under government ownership instead doesn't seem like the solution to anything, unless you are very sure that the government will follow your ideological beliefs, not be corrupted by its newfound direct power over peoples lives, and not get taken over by populists.