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Top-level
@Homempovo @FisherPeter @Radical_EgoCom "Regulations were introduced to save capitalism after the crash of 1929" That implies regulations did not significantly exist beforehand. Is that an assertion you make? "The same thing happened in 2008." Why didn't the regulations already in place suffice? 16 comments
@Homempovo @FisherPeter @Radical_EgoCom Capitalism is an economic system, not a god. Asking for it to "end misery" is pointless, as it would be to ask ANY economic system to "end misery". @Homempovo @FisherPeter @Radical_EgoCom That's not the point. Capitalism simply says that taking a certain approach optimizes the distribution of scarce resources. WE decide what "optimum" means. And one of the great things is that we can come to different answers but still work together to achieve those disparate goals. @AlexanderKingsbury @FisherPeter @Radical_EgoCom but that's not how capitalism work. Resources are not scarce, they are already taken when we're born, and the owners and their heirs are the only ones to decide what to do with it. We only get to decide, through our representatives in government, how much tax to charge and what to do with the taxes collected. Simple as that. @Homempovo @FisherPeter @Radical_EgoCom Of course resources are scarce. That's an entering premise of an economy even existing. If resources were not scarce, we would need no mechanism by which to allocate them; we would need no economy. @AlexanderKingsbury @FisherPeter @Radical_EgoCom A flawed system can always be built over flawed premises. "There are currently 28 vacant homes for every one person experiencing homelessness in the U.S." — https://unitedwaynca.org/blog/vacant-homes-vs-homelessness-by-city/ @Homempovo @FisherPeter @Radical_EgoCom Look, I'm sorry, but this isn't just ECON 101 stuff. This is first day of ECON 101 stuff. Heck, this is basic common sense stuff. Just because you can point to A resource that you regard as plentiful (in a specific area) does not change that resources are scarce. People all have about as much air as they want to breath; that doesn't mean that there is enough of everything for everyone to have as much as they want. @AlexanderKingsbury @FisherPeter @Radical_EgoCom well if by scarce you mean finite, ok, you can't always get what you want, but by not scarce I mean everyone could get what they need, and excuse me if I just quoted The Rolling Stones right now 😂 @Homempovo @FisherPeter @Radical_EgoCom No, by scare I do not mean finite. By scarce I mean scarce. @Homempovo @FisherPeter @Radical_EgoCom Look, I'm sorry, but you just don't seem to be grasping the basic idea here. Maybe a specific example will work. Do you understand that titanium is a resource? @AlexanderKingsbury @FisherPeter @Radical_EgoCom yeah, and a finite resource on Earth for that matter @AlexanderKingsbury @FisherPeter @Radical_EgoCom That's an excellent example, thank you. Can we all decide to prioritize the medical use of titanium so that treatments are more affordable, or is it up to the owners of the mines and that's why we get titanium watches and cellphones instead? @Homempovo @FisherPeter @Radical_EgoCom Okay. Do you understand that it's better than steel for a lot of applications? Let's stay specific; it would be WAY better for most car components that are currently made from steel to be made from titanium. It's lighter, which means better fuel efficiency, and it's far more resistant to corrosion. Does that make sense? |
Gregory's Server
@AlexanderKingsbury @FisherPeter @Radical_EgoCom bypasses are bypasses and will only do so much, I'm not defending neoliberalism, far from me. Just saying it doesn't take away the features of capitalism that identify it. I said fewer regulations, but I'm not here to educate anyone on classic liberalism, neoliberalism and ordoliberalism, all of those are based on letting people who profit from other people's labour decide what is produced and to whom. Capitalism has never and will never end misery, and that should suffice for people to reject it.
@AlexanderKingsbury @FisherPeter @Radical_EgoCom bypasses are bypasses and will only do so much, I'm not defending neoliberalism, far from me. Just saying it doesn't take away the features of capitalism that identify it. I said fewer regulations, but I'm not here to educate anyone on classic liberalism, neoliberalism and ordoliberalism, all of those are based on letting people who profit from other people's labour decide what is produced and to whom. Capitalism has never and will never end misery,...