3 ms·
I have always had some misgivings about capitalism. Well, I, for one, appreciate that you laid this out as the first sentence of your paper/blog post. And I'l
by cubano 12y ago
I have always had some misgivings about capitalism.
Well, I, for one, appreciate that you laid this out as the first sentence of your paper/blog post.
And I'll agree to a point; capitalism is the worse system there is, besides everything else of course.
No economic system devised will ever be able to directly fix the problems of "lack-of-humanism" that you so describe. As shredprez succinctly put it, "there is no effective way to control the inequities of power."
The best our system...any system...can hope to achieve is to try to guarantee equality of opportunity, but not equality of outcome.
Market-based systems such as capitalism have this feature baked into its' DNA, as the market can never afford to marginalize any individual or effort, via political means, that could threaten a working business model.
Although the plutocrats certainly try their best.
Blockchain technologies certainly have the potential to shake things up, unless, of course, its crypto gets cracked soon, which many here seem to think will be the case.
[edits]
- skilesare 12y agoDid you read it? My ultimate conclusion is that our current capitalism is half way pansy capitalism. This concept takes capitalism to an extreme and adds a built in dampner for inequalities of power while still allowing for the power of the market to opperate. In a sense we force a more oerfect operation of the market.
- cubano 12y agoYes I have now, and I must admit I totally mis-characterized its content in my OP, and although I don't necessary agree with all of your POVs, I do appreciate the thought and effort you put into creating it.
- jchrisa 12y ago> the market can never afford to marginalize any individual or effort, via political means, that could threaten a working business model. Isn't the 20th century sorta proof of the opposite?