3 ms·
Have they tried competition? Usually that's the middle ground capitalism has been successfully utilizing.
by hoseja 4y ago
Have they tried competition? Usually that's the middle ground capitalism has been successfully utilizing.
- jtthe13 4y agoI'm not saying it's what you are implying, not trying to pull a strawman here. But I disagree with the notion that healthy competition is the successful, stable outcome capitalism has been producing on its own. Works fine in economics books (of which I read my fair share). But in practice, the dynamic is towards concentration of power and resources at the expense of the outside world — not to its benefit. The Emmanuel Faber case at Danone partly illustrates my point: https://en.wikipedia.org/wiki/Emmanuel_Faber https://en.wikipedia.org/wiki/Emmanuel_Faber
- Isinlor 4y agoCapitalism is benefiting the world enormously. Any currently realistic damage from climate change can not be compared to the benefits of market economies. But it is theoretically (game-theory) and practically (e.g. collapse of the Atlantic northwest cod fishery) true that market economy has a failure mode known as the tragedy of the commons. The solution to global warming is cap and trade system. We cap the allowed emissions according to the climate goals and trade the remaining allowances for the emissions.
- jtthe13 4y agoI interpret this as a recommendation towards a (strictly) regulated market economy. Hence my point about unchecked capitalism.
- Isinlor 4y agoEverything is being tried with smaller or bigger success. IMO capitalism and state interventions are the most successful. EU Emissions Trading Scheme is probably one of the best methods. Cap emissions according to the climate goal and trade the resulting emission allowances.