Bingo. I think capitalism’s just dandy, but no economic system is going to work for the people if the governmental system refuses guardrails. At this point America isn’t merely declining to put rails in, we’re removing the few we had.
For the capitalism haters, capitalism is not what your are experiencing. You are experiencing oligarchy.
It is capitalism we’re experiencing, but it’s treating capitalism as the only tool in the toolbox and structuring an entire culture around it.
Markets work great for some things. Not everything. Currency works great for some things. Not everything.
Anonymous transferrable shares of ownership, and all of the abstract financial instruments that spin out of that one simple mechanism… are honestly not very good for many things at all, but they’ve become the primary assets that our economy optimizes for.
Oligarchies are the inevitable result of unregulated capitalism, though. In fact, without any government guardrails this would have happened like a century ago.
Been saying that was well. Radical wealth inequality, no economic guardrails, fascism on the rise, stock market ready to blow in spectacular fashion, wars boiling up all over the globe, shifting alliances, tariffs FFS.
Those aren’t facile comparisons. Same exact shit is coming around because the people who lived it are now dead.
Well, capitalism is an economic system while an oligarchy is a form of government. A country doesn’t have to be capitalist to have an oligarchy. Unfettered capitalism just basically guarantees an oligarchy will form.
So the root problem is still the capitalism that led to the oligarchy.
Got me there. No other sort of economic system has ever eventually funneled money up to the rich. Perhaps you could provide us some examples of economic systems that worked?
Bingo. I think capitalism’s just dandy, but no economic system is going to work for the people if the governmental system refuses guardrails. At this point America isn’t merely declining to put rails in, we’re removing the few we had.
For the capitalism haters, capitalism is not what your are experiencing. You are experiencing oligarchy.
It is capitalism we’re experiencing, but it’s treating capitalism as the only tool in the toolbox and structuring an entire culture around it.
Markets work great for some things. Not everything. Currency works great for some things. Not everything.
Anonymous transferrable shares of ownership, and all of the abstract financial instruments that spin out of that one simple mechanism… are honestly not very good for many things at all, but they’ve become the primary assets that our economy optimizes for.
Well, yeah, we don’t want things like healthcare and military defense in the private sector.
Everything in your last paragraph is solved with guardrails. We’re now barreling towards October 1929.
Oligarchies are the inevitable result of unregulated capitalism, though. In fact, without any government guardrails this would have happened like a century ago.
It did.
Been saying that was well. Radical wealth inequality, no economic guardrails, fascism on the rise, stock market ready to blow in spectacular fashion, wars boiling up all over the globe, shifting alliances, tariffs FFS.
Those aren’t facile comparisons. Same exact shit is coming around because the people who lived it are now dead.
Did no one else have a solid history teacher?! Here’s my generation learning history.
So you agree? I mean, you’re repeating exactly what I stated. Unless I’m missing something? Which is likely because I’m not that smart.
Well, capitalism is an economic system while an oligarchy is a form of government. A country doesn’t have to be capitalist to have an oligarchy. Unfettered capitalism just basically guarantees an oligarchy will form.
So the root problem is still the capitalism that led to the oligarchy.
Got me there. No other sort of economic system has ever eventually funneled money up to the rich. Perhaps you could provide us some examples of economic systems that worked?