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right, hospitals and farmers should just massively raise their prices so they can better compete with crypto miners, that will make the world better... money i
by notatoad 2y ago
right, hospitals and farmers should just massively raise their prices so they can better compete with crypto miners, that will make the world better...
money is not a good indicator of value provided to society. there is a ton of ways where it falls apart, and there are a lot of people devoted to finding the ways they can collect the most money while providing the least benefit to society.
- qeternity 2y ago> money is not a good indicator of value provided to society Ok, it's the least worst system we have...unless you have an alternative. I'm all ears.
- brookst 2y agoUsually these things end up with “well obviously my personal priorities are objectively true…”
- qeternity 2y agoYes but the aggregate of every individual's personal priorities are by definition society's priorities...
- ok_dad 2y agoWhat do you get when 10% of Americans get to decide 67% of the priorities?
- paulryanrogers 2y agoHandmaid's Tale?
- doublepg23 2y agoSocialism?
- ok_dad 2y agoHow would you even come to that conclusion???
- consteval 2y agoThis only hold true in relation to the economy if you say every person has the exact same wealth. This isn't true in capitalism and is (arguably) the reason capitalism exists. Such a system, however you choose to develop it, would invariably be closer to socialism in spirit.
- vundercind 2y agoSpotting and stopping the odd case where it’s gone haywire doesn’t mean ditching market pricing across the board. You can just fix (maybe even only temporarily!) the part that’s doing wacky, undesirable stuff.
- notatoad 2y agoyeah, a little bit of reason goes a long way. we don't need to invent a whole new economic system. we can just say "this is bad, and we should do less of it". and making sure that power goes to people's homes before it goes to datacentres is one of those things. and the best part is that's the way the world already works, so nothing even needs to change.
- consteval 2y agoThe problem with these conversations is that capitalists seem incredibly brittle-minded. Meaning even a small, and fair, critic devolves into "oh so you want communism?" Public vs private isn't black and white, it's a spectrum. Energy providers sit on this spectrum. In some way, they're public infrastructure. In others, they're private companies. Slightly pushing them more towards "public" via regulation is what we HAVE been doing for a long time. This shouldn't be setting off your communism senses. If it is, you have a fundamental misunderstanding of how the economy works in regard to these kind-of-public-infrastructure goods and services.
- kortilla 2y agoIf power prices go up, it incentivizes building more generation, which is better for everyone. Capping prices and participants is pure stupidity. Price controls and rations never work