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by Draiken 1023 days ago
> if a Market creates externalities, then it is time to consider, argue over, and politically implement alternatives.

Until you can't, because gigantic corporations are stronger than states and can purchase even more power through capital.

It amuses me how often I see socialism dismissed as "amusing", only to see naive arguments against it. We live in this world RIGHT NOW. We have proof that the market does not regulate itself. Let me rephrase, they regulate themselves to extract maximum profit at the expense of anything and everything.

And again, as someone else pointed out, markets don't vanish under socialism. What most argue for is a baseline for every human being to exist and the removal of the profit motive.

Meanwhile capitalists gloss over all the inherent contradictions of capitalism like the need for infinite growth. Now that is amusing.