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𝗖 𝗔 𝗧

@brancheb

3. How much market power should an entity be allowed to have?

No entity should have significant market power. It must be restricted to prevent exploitation and ensure equitable distribution.

4. How do we deal with economic failure?

Through collective planning and state intervention to address failures and prioritize the needs of the people.

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10 comments
𝗖 𝗔 𝗧

@brancheb

5. What laws should address questions 1-4?

Laws that mandate collective ownership of key resources, regulate transactions to ensure social benefit, limit market power to prevent capitalism, and promote state intervention in economic failures.

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Elliott Branch

@Radical_EgoCom What you’ve described in your answers could be considered a version of capitalism. The point is the answer to these questions is not simple and requires societal consensus. You may be closer to Reich than I am. πŸ˜€

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𝗖 𝗔 𝗧

@brancheb

Do you even know what capitalism is? What I just described is literally socialism, the collective ownership of the means of production, not capitalism, the private ownership of the means of production. Literally nothing in my answer can in any way be considered a version of capitalism. Please educate yourself on the differences between capitalism and socialism. You're very wrong.

d10c4n3

@Radical_EgoCom @brancheb You have always said that the state is a necessary evil only in a transitional phase, but you answered these questions as if it should exist forever.

𝗖 𝗔 𝗧 replied to d10c4n3

@d10c4n3

How did I answer these questions in a way that would suggest that I think the state should exist forever?

𝗖 𝗔 𝗧 replied to d10c4n3

@d10c4n3

Me saying "state intervention" does not imply that I want the state to exist forever. You made it clear that you know that I believe in a transitional state. So, you should be able to understand that I believe that this transitional state should interfere in public affairs. There's nothing about that that suggests that I want the state to exist forever.

Elliott Branch

@Radical_EgoCom Don’t confuse political economy with something that has an answer.

𝗖 𝗔 𝗧 replied to Elliott

@brancheb

What I described was socialism, not capitalism. That is what I want you to understand.

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