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> They're communist in name, but extremely capitalist in practice. Which is orthogonal to individualist. State power serves individuals largely to the extent
by wwweston 9y ago
> They're communist in name, but extremely capitalist in practice.
Which is orthogonal to individualist.
State power serves individuals largely to the extent that influence is well-distributed over a population (and that population cares enough to be attentive and thoughtful).
Markets serve individuals largely to the extent that purchasing power and a reasonable level of information symmetry are well-distributed over a population (and mostly for areas in which incentives are well-aligned).