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It is much more intellectually challenging to address the inefficiencies in the economic system by devising a global model with regard to the available resource
by bluetomcat 8y ago
It is much more intellectually challenging to address the inefficiencies in the economic system by devising a global model with regard to the available resources, manpower and population needs. Call it a planned economy if you will. People should vote what the system must produce, while considering the pollution and exhaustion of finite resources.
The current capitalist system is all about the individual self interest of each playing agent (company). That probably worked in the past in loosely-populated areas with lots of resources, but doesn't look like it is the way for the future.
- themacguffinman 8y agoPeople already vote for what the system must produce with their money, that's the basis of capitalist supply & demand. How can you force people to consider pollution and exhaustion of finite resources? People as a whole suck at considering things, that's why we make all kinds of institutions to work around it like representative democracy and legal systems.
- Spooky23 8y agoWe are in a planned economy. Just not directly government planned. There are very few industries in the US that consist of free economic agents. I’d hazard to guess that most postwar US economic activity was indirectly fueled by government policy, and it has shifted in some ways to large cartels.