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Cuba is a place with little natural resources and that suffers with a criminal economical blockade. Even with these difficulties, it managed to become one of th
by thiagoharry 3y ago
Cuba is a place with little natural resources and that suffers with a criminal economical blockade. Even with these difficulties, it managed to become one of the countries in Caribbean with highest GDP per capita. Of course, the embargo causes scarcity and lowers a lot the Purchasing Power Parity despite the relatively higher GDP for the region.
I do not know how is this in USA, but in my country (Brazil) we have more empty houses than homeless people (it's 11 millions of empty houses vs. 6 millions of homeless people). It shows that even if this supposed scarcity of houses are solved, capitalism will not allocate the resources in a way that maximizes human benefit, it insists in maximizing only profit and reproduction of capital. The headline in this news is a symptom: if a new tech makes possible produce more with less labor, we worry that capitalism will cut jobs, and the best news that we could receive is that it will not happen, perhaps because it will open more markets to compensate. We will never celebrate that now we will have more free time because the new tech will allow us to work less.
- randomdata 3y ago> Cuba is a place with little natural resources and that suffers with a criminal economical blockade. Right, real scarcity. You can't just wish post-scarcity into being. The USSR also made the same pledge under much the same conditions, all while being in control of most of the world's natural resources. But, still, scarcity prevailed. > capitalism will not allocate the resources in a way that maximizes human benefit Where humans are deemed beneficial then capitalism will allocate towards maximizing human benefit. Where humans are not deemed beneficial, you cannot system yourself out of that. Capitalism itself has no thoughts or feelings towards humans, only humans do. And, indeed, you are quite right that humans by and large hate other humans and will do all kinds of things to "keep them down". The legal system goes to great lengths to ensure that humans cannot be come beneficial. That’s not capitalism, though.