cross-posted from: https://lemmy.dbzer0.com/post/36828107

ID: WookieeMark @EvilGenXer posted:

"OK so look, Capitalism is right wing.

Period.

If you are pro-capitalism, you are Right Wing.

There is no pro-capitalist Left. That’s a polite fiction in the US that no one can afford any longer as the ecosystem is actually collapsing around us."

  • @[email protected]English
    3•7 hours ago

    I agree that a hyper focus on efficiency is a bad plan. At the same time, we would need some corrective mechanism.

    A good example would be food preference. Say you have 3 food options, A,B and C. A is the easiest to produce, but bland. B and C are more difficult and so more limited. Some people love B but hate C, others vice versa. Some people would happily just have A, and use the excess value on other luxuries. How do you resolve this?

    A limited capital based system would find it easy. Each person has an assigned value. They can choose how to distribute it. This dynamically finds the fairest distribution. By passing it to the farmers, they can choose how to direct effort.

    As for regulatory capture, etc. That’s a sign that capitalism is getting out of control. It’s akin to your curtains starting to smoulder. It needs to be used like fire on a wooden ship, with extreme care and control.

    • @iknowitwheniseeitEnglish
      2•5 hours ago

      I guess we’ll never know if the system you describe here would work, since it has never existed. Companies have been using induced demand, loss leaders, cross subsidies, bundling, marketing, and a million other similar tricks to limit consumers access to knowledge and confuse them since long before Adam Smith fantasized about capital as the best of all possible worlds.