all 8 comments

[–]magnora7 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (4 children)

I would personally blame greed more than capitalism. Communism was also ridiculously inefficient and put hundreds of millions in poverty.

It's a human problem, not an economic model problem. The lack of justice for the common man is what they all have in common.

[–]FormosaOolong 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (2 children)

What I think of as the key problem with capitalism is that it commodifies things that should never be commodified, such as water, health care, the justice system/policing/penal code, housing, clean air, and -- dare I say it -- energy.

At the core of this faulty commodification paradigm is really that it is all built on a platform of benefit-of-the-few, rather than benefit-of-the-entire-natural-system. So here I don't reference any other system, like communism or socialism, bc any human system thus far has failed to be founded on solid principles that understand the nature of Reality itself.

[–]Drewski 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

With the exception of the justice / police system, all those things have to be a commodified if you want an efficient and functional economic system. The human element in a mixed or command economy always results in rampant waste, inefficiency and shortages due to a lack of available inputs, no immediate corrections, and/or corruption.

[–]FormosaOolong 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Oh I make a distinction between spending money to provision things, and commodifying them, as in privaizing/publicly trading/quarterly-profiteering them. This is a key distinction, imo. When a CEO is making US$24million per annum to maintain a system that sells water back to us at a profit, something is amiss.

[–]qx4chenxp 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Kill all humans.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

TRUTH. Capitalism is not an answer to anything unless it is controlled and moderated by proper socialism.

[–]wendolynne 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I am intrigued by the concept of a gift Economy, where an individual's social standing is based not on how much they own, but on how much they give and how the giving makes things better. Unfortunately it is rather fragile, and likely to be exploited by greedy people.

[–]Jostu 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

lol. The world is communist (fiat currency/central bank). There is nothing about our world that has competitive industries. Most are owned by the same people. China/Russia/USA, etc owned by same people via slightly different mechanisms. Its more obvious in the pure slave countries like China/Russia/etc.