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Note that by "capital" meant material, not financial (although the latter reflects the former). Corporations are growing in power at a rate faster than people a

by pygy_ 3y ago

Note that by "capital" meant material, not financial (although the latter reflects the former). Corporations are growing in power at a rate faster than people are. B2B grows faster than B2C. Even then, private pension funds are a scourge indeed. State-managed PAYGO systems are far less destructive. Beside, the distribution of economic power is heavily lopsided. Most people have close to none. Those who have the brunt of it are setting up the system for their own benefit. Under the guise of FreeMarket™ we end up with an economy planned by the wealthy so that they can grow their fortune.

golergka 3y ago
State managed pension systems are a pyramid scheme. Government shouldn't be involved in things that society can manage on it's own.
- medium_spicy 3y ago
  *can manage on its own well. The market manages - explicitly or through regulatory capture and toadies - a hell of a lot of things that the state probably should, like the Texas power grid. Markets are rarely efficient except in the very short term and very small scale.
- pygy_ 3y ago
  The market is the best solution when the optimum is a maximum. Growth is absurd in many fields. - Food => A steady state is optimal. Growth seeking directly leads to the obesity crisis - Health => the sector should be working on planning its own obsolescence, not on growing. - Housing => Ever increasing humanity's footprint is destructive and should be limited. etc...
  - golergka 3y ago
    > - Health => the sector should be working on planning its own obsolescence, not on growing. That's what it was before government intervention, at least in UK and US. Worker's organisations had employed their own doctors and managed very good, driving medical professionals wages down. Doctors associations asked governments to intervene, license their profession and used this licensing to punish doctors who would work for such organisations. And now people see broken systems and think that even more intervention would improve things.

by pygy_ 3y ago

golergka 3y ago

State managed pension systems are a pyramid scheme. Government shouldn't be involved in things that society can manage on it's own.

medium_spicy 3y ago
*can manage on its own well. The market manages - explicitly or through regulatory capture and toadies - a hell of a lot of things that the state probably should, like the Texas power grid. Markets are rarely efficient except in the very short term and very small scale.
pygy_ 3y ago
The market is the best solution when the optimum is a maximum. Growth is absurd in many fields. - Food => A steady state is optimal. Growth seeking directly leads to the obesity crisis - Health => the sector should be working on planning its own obsolescence, not on growing. - Housing => Ever increasing humanity's footprint is destructive and should be limited. etc...
- golergka 3y ago
  > - Health => the sector should be working on planning its own obsolescence, not on growing. That's what it was before government intervention, at least in UK and US. Worker's organisations had employed their own doctors and managed very good, driving medical professionals wages down. Doctors associations asked governments to intervene, license their profession and used this licensing to punish doctors who would work for such organisations. And now people see broken systems and think that even more intervention would improve things.