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> We dont need less capitalism but rather more and faster. There is no clean spectrum. We need more good capitalism (free trade, free movement of labor, entrep
by hackerlight 3y ago
> We dont need less capitalism but rather more and faster.
There is no clean spectrum. We need more good capitalism (free trade, free movement of labor, entrepreneurship) and less bad capitalism (negative externalities, money in politics). Just like we need more good regulations and less bad regulations.
We shouldn't force heterogeneous things into a single conceptual basket (called "capitalism") and then conclude more is better, or less is better. Components of the system should be separated out and analyzed on their own merits.
- nemo44x 3y agoSure can debate the minor points I guess but the overarching theme needs to be more capitalism (private ownership of things, production, etc), more productivity (automate more, more and better jobs, outsource), and more energy (extract more, better green solutions that are actually competitive and not forced on people). We should continue to do more of what has proven to pull more and more people out of poverty and to even redefine what it means to be poor compared to many years ago. The goal should be to make today's relatively poor comparatively rich to the poor of generations past.
- hackerlight 3y agoMaybe. Some of what you're advocating for sounds more in the category of bad capitalism. The typical libertarian denial of the existence of second order effects and negative externalities. It's hard to tell whether "more private property" is really a euphemism for more inequality or if "better green solutions" is really a euphemism for cancelling renewable and accelerating climate change. Which would be a recipe for social unrest and millions of climate refugees fleeing the equator leading to authoritarianism and lower prosperity. That's bad. There are some interpretations of your words that I'd agree with, though.