4 ms·
Every economic system ends up with both a carrot and a stick. In some systems, there is the idea that people will take only what they need, and they will of co
by burfog 6y ago
Every economic system ends up with both a carrot and a stick.
In some systems, there is the idea that people will take only what they need, and they will of course work hard for the common good. Once the reality of human nature makes it clear that this is a fantasy, out come the rifles and prison camps.
In other systems, the carrot and stick are just natural consequences of nobody intervening. If you don't work, that's fine... but you won't earn anything, and you thus won't be able to convince other people to provide you with things like electricity.
We can adjust the economic system to be more one way or the other. Pretending that the carrot and stick need not exist is a path to hyperinflation, which is a stick applied recklessly to everybody.