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The problem is not the mechanism of capital distribution, it's the incentives. Effectively, government (through taxation and public works) is the mechanism of
by rswail 6y ago
The problem is not the mechanism of capital distribution, it's the incentives.
Effectively, government (through taxation and public works) is the mechanism of capital (re-)distribution that is not (or should not be) profit driven.
- eeZah7Ux 6y ago> The problem is not the mechanism of capital distribution, it's the incentives. ...which is exactly capitalism: 1) private companies are required to maximize (short term) profit as their first priority. 2) the billionaire class can heavily influence policy through regulatory capture