3 ms·

markets != capitalism

• AnimalMuppet 10y ago
  Could you explain what you mean here?
  • hx87 10y ago
    A communist society where the government owns all the means of production and everyone gets a $60,000 UBI can still use markets to allocate resources for production.
    • snrplfth 10y ago
      ...but if the government owns all 'capital goods', then you can't use markets to allocate those capital goods between different owners.
    • AnimalMuppet 10y ago
      Can, in theory. But in practice, it's much more likely to use politics and bureaucracy. (Source: The last two hundred years of government behavior.)