|
|
|
|
|
by beaconstudios
1500 days ago
|
|
I'm anti-capitalist too, but I think the capitalist argument is that wealth is the incentive to innovate in the marketplace - it doesn't matter whether it's actually useful, but that it motivates hard work. I think this argument is easily debunked by pointing to the comparative innovation of businesses versus state-funded research, or that wealth is created by the work of the employees moreso than the founders, but that's the argument. |
|
Socialist countries routinely nationalize food production and immediately create shortages. This happens over and over.
Capitalism isnt just the innovation of the kernel of a product, it is marketing, selling, manufacturing, distributing, and supporting a product.
That takes capital and it requires risk. Capital is constantly being squandered on ideas that go nowhere, but some are successful and the overall system is more productive.
The key point is that no one can predict in advance which ideas and teams will be successful. Capital backs them all and the market determines which ones succeed.
It is human nature to try to acquire more, when that is rewarded, people respond (by working harder, more efficiently, or with innovation).
Labor usually thinks management is useless or dumb. And most managers are bad. But you can look at world class leaders and see that they do matter and can make or break an organization. Look at the bulls under phil jackson, then when he left for the lakers. And then when he left the lakers.