4 ms·
Capitalism is not a natural state at all. It needs a sophisticated society, a rule of law, police and a majority who believe it is just. If this were not so, th
by quonn 10y ago
Capitalism is not a natural state at all. It needs a sophisticated society, a rule of law, police and a majority who believe it is just. If this were not so, the disadvantaged would simply take or steal what they think they deserve.
- danharaj 10y agoIt also requires an extensive bureaucracy that is only reasonable with enough technology.
- humanrebar 10y ago> Capitalism is not a natural state at all. It's more natural than centrally planned economies, which absolutely require rule of law, police, etc. Capitalism is 1) that the relative value of choices needs to be determined and 2) those values are best crowdsourced. If the rule of law breaks down, people will still trade, they will just trade for things that cannot be stolen or reneged on. Things like honor or reputation. This obviously eliminates the efficiency of a common currency, but at the end of the day, choices still have various priorities and the world is too complicated for even the smartest people to evaluate all the choices for everyone. Anyway, those are the natural laws. Choices need to be made. Crowdsourcing is best when evaluating prices, especially regarding common goods and services.