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If there's a problem to solve, there is a business opportunity. What do you propose instead?
by toenail 1y ago
If there's a problem to solve, there is a business opportunity. What do you propose instead?
- malcolmgreaves 1y agoNo. Capitalism is ineffective at solving lots of problems. Particularly problems of the kind where there is universal inelastic demand, where competition makes the end arrive or product less affordable or efficient, where externalities are not priced in, and where there are single/few or a unique instance of a thing that can be used by the public. Examples: healthcare, food and water for sustenance; insurance; pollution; parks and roadways, residential property; respectively.
- toenail 1y agoYou didn’t answer the question. I get it, you think capitalism is bad. What do you propose instead?
- energy123 1y agoRegulated capitalism, where cases of market failure are addressed.
- toenail 1y agoThe Chinese model, got it.
- GoatInGrey 1y agoI sometimes wish we actually had unregulated capitalism. Housing and healthcare would be much less terrible without legislated bottlenecks, among other areas.
- jokethrowaway 1y agoRegulation never works because people can be corrupted and banks can be bailed. Regulation might look like it's protecting the little guy for PR reasons, but it will always leave a way out for the big guy. This is why inequality keeps raising. I wish we had completely unregulated capitalism, so that middle class people would have more weapons to climb up society instead of paying the bill for everyone while drowning in debt and soulcrushing careers.