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The cyclical nature of economic health has less to do with a particular form of human economy and more to do with how self regulating complex systems behave. M
by jknoepfler 8y ago
The cyclical nature of economic health has less to do with a particular form of human economy and more to do with how self regulating complex systems behave.
Most open system that tend towards homeostasis will exhibit boom-bust feedback loops (ecosystems, metabolism, gene expression, antibiotic resistance, human economies, etc.).
I'm not sure it's either possible or desirable to fight that at a fundamental level, although I do think politically it's a very good reason to provide a strong financial safety net.
I'm not sure what you mean by capitalism, but human economies are fundamentally self regulating homeostatic systems. You can engineer around that to make them more human friendly, or just, or dampen the swings, but you can't fight their fundamental nature.