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this post was submitted on 20 Aug 2023
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Honestly, I think capitalism wouldn't be so bad if it was limited to what it's good at. Fashion, tech, entertainment, snacks, ect.
But essential food, housing, water, healthcare, even electricity and internet access, the idea that these things that will always have infinite demand is haphazardly controlled through profit motive is disgusting.
Infrastructures should be government controlled and free. Essential resources should have some sort of universal basic "food stamps" system. Then actual money just becomes the luxury "fun bucks" that you don't lose out on if you don't have a lot. For example pet owners would be given a credits for pet food and free vet care, but a silly pet costume would use money.
Disclaimer: This is just a personal idea I've been mulling over, I'm sure there's a million holes in it.
I think you're thinking of markets, but those aren't exclusive to capitalism. For example, you could have a private sector economy delivering nice to have goods that's organized using cooperative ownership. The cooperatives can compete with each other the same way capitalist companies do without the problems associated with capital concentration. Meanwhile, I completely agree with you that anything that's essential should be provided by the public sector and profit should not be a consideration there.
This is probably my desired system.
I think that would be pretty sensible.