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I often find myself thinking this is why capitalism attracts so much enmity, as it is a major economy system that only makes sense when you consider second-orde
by pw0ncakes 17y ago
I often find myself thinking this is why capitalism attracts so much enmity, as it is a major economy system that only makes sense when you consider second-order effects, perhaps the only such major system. Socialism and communism all have soothing first-order stories
Most intelligent socialists know about the "second-order effects", to use your terminology. Some of the effects of redistribution are good (better-educated populace, social stability) and some are bad, depending on the extent of it and how it is done.
- jerf 17y agoI don't meet too many intelligent $ECONOMIC_MODEL proponents on the internet. Yes, I freely include my preferred economic model there. I have much more respect for people who hold opinions which disagree with mine and have actually thought them out, rather than just coming to the opinions they have because it seems... nice.