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by llamataboot 2839 days ago
You get the society that your systems incentivize. There may very well be a perfect version of capitalism and a free market that allows for free movement of employees between firms and a virtuous circle. Instead, we see a vicious spiral of incentivizing externalities (including treating workers like a never-ending powerless resource you can run into the ground and break and then find new ones) and a person with more money than most of his laborers put together.

Until we can talk frankly about how capitalism actually works instead of having arguments about how it "should" work, until we can admit what it does really well (allowing a dynamism and technology growth that raises the global standard of living) while also talking about what it does poorly, especially when combined with our current models of corporations and governance, I don't think we'll solve this.

(Basic income could be and end run around many of these things if people could opt-out of the labor force and still be able to live)

2 comments

What's funny is that the system encourages this society and those who are able to take full advantage of it become so rich they are able to completely opt out. The goal of capitalism, of supply and demand, labour and capital, is to have so much that all goods and services are within your grasp for no effort or time.
Ordoliberalism seems to work pretty well