• 16 Posts
  • 318 Comments
Joined 1 year ago
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Cake day: June 12th, 2023

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  • The very nature of capitalism is that it’s unsustainable

    Again, this is a feature of (almost) all economic systems. With appropriate regulation and government incentives, it’s not a problem.

    We have probably hit peak fossil fuels this year. Every year henceforth, fossil fuel use will go down. Why? Capitalism. Competition in solar panel and wind turbine manufacture and installation, prompted by government incentives and private charitable action, has made renewable energy cheaper than fossil fuels.

    Capitalism is a tool that we can use, and when it’s under control it works.

    Also, credit where credit is due, China’s autocratic version of capitalism has done better than America’s laissez faire or Europe’s social democratic capitalism in this regard. But it’s still capitalism.


  • Bracing for downvotes here…

    Capitalism is good when properly regulated. Capitalism is an incredible tool for raising living standards, which should be the ultimate goal of any aociety. Disfunctional capitalism produces inequity.

    Now I know someone is going to say that capitalists tend to accrue power, to which I say that is EVERY system. They ALL need to be kept in check. Socialism, feudalism, anarchy, oligarchy, it doesn’t matter. Someone will try to accrue power. The economic system MUST be subordinate to the government, and ideally that government should represent the will (or at least the best interests) of the people.

    I am FIRMLY in the “the system is broken and needs to be fixed” camp. Regulatory capture is a result of disfunctional capitalism. Monopolies are a result of disfunctional capitalism. Cronyism is a result of disfunctional capitalism. Capitalism as a system is not inherently bad except in the way that any system when allowed to run unchecked is bad.

    A strong government hand, when wielded by empathetic and civic-minded people, is a requirement for any economic system. Given that, capitalism is the best economic model the world has ever seen.

    Edit: pleasantly surprised. Shitlibs assemble?





  • Funny enough, California has a very progressive tax system, and has higher than normal income inequality but a higher base standard of living than the rest of the US. I think having an economy with more opportunities for people inflates everyone’s income, including the rich.

    But it brings up a question, if everyone were to have a decent standard of living, is it as big a problem that rich people exist? Obviously we’re not there yet, but hypothetically in a post scarcity world, it’s an interesting thing to think about.