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> But in this world there are more products and services around than people wanting to buy them, so people have to be convinced Or, the products could shut dow
by drb91 8y ago
> But in this world there are more products and services around than people wanting to buy them, so people have to be convinced
Or, the products could shut down, or lower their prices. If there’s no demand, why put energy into making demand rather than making something people want? It’s the lowest bar of achievement in this society; while I understand money can be a powerful motivator, this lowers the value of the entire work force.
- bicubic 8y agoThat's literally the endgame of capitalism. Capitalism is, and always has been, about reaching a state where supply exceeds demand. One could argue that once a business reaches that stage, they can put up a Mission Accomplished banner and fire most of their workforce. But because of how wealth is distributed, workers always need to be working so they're incentivized to extend the work and market as long as possible. The same mechanism is responsible for the situation where institutions tasked with solving a certain problem (crime, cancer, etc.) invariably end up perpetuating the problem so they can continue existing. You think some shmuck MBA setting up a devious pricing structure at Disneyland is bad? Consider that the US has more empty houses than homeless people, and more unsold cars in lots than people who lack reliable transportation.
- drb91 8y agoAgreed! A good reason not to like capitalism.
- squarefoot 8y agoOr implementing limits to it so that we get mostly the good of it.
- drb91 8y agoRight, it's a spectrum. I don't think there are many cogent adults (even "democratic socialists") that wish to do away with the majority of capitalism in our society: the nordic model.