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[-] AnonTwo@kbin.social 2 points 1 year ago* (last edited 1 year ago)

Better as in what though?

We've used every economic system by itself, and the only really successful version is a combination of them with proper regulation. What else do you do?

[-] blackbelt352@lemmy.world 21 points 1 year ago

Well there was a guy with a funny beard who wrote about what happens when capitalism produces more goods and services than could ever be reasonably consumed by the populace of the world. He wrote about how there were basically 2 coutcomes. Either the the rising supply just keeps pushing prices down until the only issue comes down to a logistics and distribution problem and money functionally becomes pointless and state power doesnt have any heirarchy to enforce. Or the people with money and power enforce artificial scarcity, through tactics like letting crops die in the fields, or only release so many diamonds into the market and promiting it as a good thing, to protect their wealth and power.

[-] AnonTwo@kbin.social 12 points 1 year ago

That seems more like a jab at capitalism than anything I said in that previous question.

Better as in what? What else hasn't been tried?

[-] Void_Reader@lemmy.world 28 points 1 year ago

Consider this: modern capitalism was pretty much inconceivable to people living in the feudal era. In the same way, it is possible that the system we need is inconceivable to us at the moment. Critiquing capitalism and advocating for a move away from it is still useful.

There are plenty of things that haven't been tried aside from small-scale examples:

[-] AnonTwo@kbin.social 10 points 1 year ago

Okay, fair enough.

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this post was submitted on 03 Aug 2023
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