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Yep, Chernobyl being a prime example. Or Komarov's failed re-entry after complaining about the design faults of the vehicle long before launch. Then there was
by mc32 3y ago
Yep, Chernobyl being a prime example. Or Komarov's failed re-entry after complaining about the design faults of the vehicle long before launch. Then there was the more uhhm run of the mill backyard blast furnace campaign which contributed to misallocation of workforce which then led to mass starvation.
- boringg 3y agoThere are many many more examples. I find it so tiresome to see young people just use capitalism as a catch all for the failure of something. It's such a lazy and uninformed argument. I'm not carte blanche defending capitalism - its a mixed bag but it sure outpaces the competing systems put forward to date. It does need some stronger safeguards against industry self regulation - that has a bad track record.
- mc32 3y agoI think we're on the same page. Economic systems need failsafes so that they don't suffer from positive feedback loops. What anti-capitalist sympathizers, in my view, don't realize is that this is due to people being in the loop. These economic systems are merely vehicles, some better than others, but the conductors are people, be they communists or capitalists. At least with capitalisms there is a delayed regulator (negative feedback) in communism it's up to the system to decide if it needs to modify itself.