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> governmental, collective action is the only realistic counter to capitalism I feel like it's not either-or, and that we ought to acknowledge that there's a v
by nicoburns 4y ago
> governmental, collective action is the only realistic counter to capitalism
I feel like it's not either-or, and that we ought to acknowledge that there's a very real information gathering / decision making problem that is in some cases but not others very neatly solved by markets. I don't see why market based systems that don't lead to systematic wealth accumulation are seen as unrealistic.
- guerrilla 4y agoExactly. It's the positive feedback loops we need to get rid of.
- whimsicalism 4y agoMarkets may be valuable, but not as a counter to capitalism. Personally, I'm very sympathetic to a market-based, strong state approach (maybe what might be derided as the "Dengist" approach) > why market based systems that don't lead to systematic wealth accumulation are seen as unrealistic. You still have to resolve Nozick's wilt chamberlain problem and it's not always unclear how that works. If it isn't possible to accumulate wealth in your market, what is the incentive for participants? Personally, I think inherited wealth is a big, big problem, but also one that can hopefully be eliminated without too much of an impact on the functioning of markets.... while people do accumulate wealth in order to pass on to their children, I am not sure the primary reason people accumulate millions of dollars is just to pass it on to their kids.
- guerrilla 4y ago> If it isn't possible to accumulate wealth in your market, what is the incentive for participants? Obviously the answer is to produce things that they and others want. That's a sufficient incentive proven by everyone that does subsistence farming or has a hobby... We don't need profit and capital accumulation to survive and do cool shit.