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I always wonder what a better solution than capitalism is. It's not perfect, and it's pretty broken when politics and corporate interests are in bed together. H
by SaltyBackendGuy 9y ago
I always wonder what a better solution than capitalism is. It's not perfect, and it's pretty broken when politics and corporate interests are in bed together. However, we're seeing the ill effects of socialism (Venezuela) like starvation and I prefer the former. Furthermore, the crypto economy might be the closest example we have to "Free Market" capitalism.
- arkades 9y agoCapitalism and regulatory capture aren’t the same thing. Hell, even Adam Smith sternly warned against an environment with too much power imbalance. The latter is just good old corruption, and it pays no respect to the form of your economy.
- adamnemecek 9y agoI was always intrigued by Georgism (https://en.wikipedia.org/wiki/Georgism https://en.wikipedia.org/wiki/Georgism) but idk if it would really work in 21st century.
- lend000 9y agoGeorgism is a very interesting idea -- however, in its purest form, what is the incentive to invest in land? E.g. to build tall buildings, factories, invest in better farming practices/technology, etc. Would it not be better to have full property rights, except with externalities captured?