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It might be on paper, but that's a "No True Scotsman" argument, just like all the socialists saying "oh the Soviet Union wasn't real socialism!". In reality, t
by malermeister 4y ago
It might be on paper, but that's a "No True Scotsman" argument, just like all the socialists saying "oh the Soviet Union wasn't real socialism!".
In reality, this seems to be what happens every time, empirically. So maybe this is just what real life capitalism is like?
- blowski 4y agoMost economic systems go through the same 3 step process: 1. Start out with a good idea. 2. Go through a golden period of good results, in which there is much innovation, and established dominant players are upended. 3. Revert to form, in which the newly dominant players prevent further change. The key is not looking for the perfect system at step 2, but the one which causes step 3 to break down in the quickest time possible.