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I 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
by mc32 3y ago
I 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.