4 ms·
Maybe the whole economic system just isn't viable, as we've seen time and time again?
by malermeister 4y ago
Maybe the whole economic system just isn't viable, as we've seen time and time again?
- borski 4y agoCitation needed. Also, I’m all ears for a viable replacement that doesn’t devolve into autocracy or government-endorsed corruption, and still allows for taking risk and forward progress.
- malermeister 4y agohttps://en.wikipedia.org/wiki/Great_Depression https://en.wikipedia.org/wiki/Great_Depression https://en.wikipedia.org/wiki/Great_Recession https://en.wikipedia.org/wiki/Great_Recession Here's some citation for ya. As for viable replacements that allow for forward progress: https://en.wikipedia.org/wiki/Workers%27_self-management https://en.wikipedia.org/wiki/Workers%27_self-management (Also, for that matter, it's not like capitalism doesn't tend to devolve into autocracy and corruption)
- epgui 4y agoThese links do not support your claims.
- borski 4y agoThat there have been downturns is not an indicator that capitalism does not inherently work in the long term. There are always downturns, no matter the system.
- anon84873628 4y agoHenry George would argue that it's the landlords, not the capitalists, who are causing the downturns :)
- astrange 4y agoPretty sure worker-owned companies still need investment and loans.
- Kungfuturtle 4y agoFor what it's worth, I agree with you and feel those examples are indeed emblematic of our current economic mode. The "alternative" you envision is premised on shifting power back to the masses, but I think it's also important to mention guardrails to prevent excessive capital accumulation. There would still be an economy, but it would be driven by a more egalitarian aggregate demand and less likely to suffer the shocks of boom bust cycles associated with financial malarkey.
- jcbrand 4y agoEvery single man-made institution devolves into corruption. Capitalism isn't the outlier here.
- za3faran 4y agoIslamic finance.