(no title)
akramachamarei | 17 days ago
I think it's also worth dilating on this notion of "unrestrained capitalism". Capitalism is after all a product of restraints, namely the enforcement of property, contracts, and the validity of money.
akramachamarei | 17 days ago
I think it's also worth dilating on this notion of "unrestrained capitalism". Capitalism is after all a product of restraints, namely the enforcement of property, contracts, and the validity of money.
palmotea|17 days ago
Capitalism doesn't work to satisfy the wants and needs of the people in a society, generally. It works to satisfy the wants and needs of the people who have money, in proportion to the amount of money they have. If you don't have money but need something, Capitalism says "kindly FOAD." If you desperately need something, but a rich guy kinda-sorta wants it, rich guy gets it if he's willing to pay more.
So as inequality increases and wealth gets concentrated, a capitalist ceremony (without more restraints that we have) will increasingly neglect the needs of a large fraction of the people in society.
A lot of capitalism apologists assert capitalism is there to meet people's needs, generally (usually just lazily generalizing from US vs. USSR circa 1980), but that's only true under certain conditions which are not guaranteed. That goal is not part of its programming.
akramachamarei|16 days ago
I share this concern about access to scarce goods, though I'm not sure what these scarcity catastrophes look like in practice. To generalize your example, if there is some scarce resource, at most some number N of the wealthiest demanders (which can include corporations such as unions or communes, not just individuals) can access it. I certainly agree that this is a failing of a capitalism, but it's not clear to me how you would propose adjusting it's tenets to recover these drawbacks, and at what additional cost. Like, if the issue is we want to ensure everyone can get what they need to survive, I imagine you can't allow buyers and sellers to negotiate prices, there has to be some neutral third party to do this. And if this modification to prices disincentivizes extraction, production, or delivery of these goods how you would force people to do those jobs.
I hope this doesn't sound like a strawman, I'm just honestly unclear on what should replace what are seemingly basic and natural rights, namely property, physical autonomy, contracts, whatever. I won't pretend that in e.g. the US these rights haven't been abridged whilst the sky remains suspended above us, but my imagination fails me on the question what it looks like when we shave away more of those rights, versus restoring them. Though I'd also imagine that your policy prescriptions would probably include both abridgements and restorations of these rights, so don't let me speak for you.
bigbadfeline|17 days ago
An apologist here. "Capitalism" is a legion - a near continuum of systems - some of them can meet people's needs quite well.
> but that's only true under certain conditions which are not guaranteed. That goal is not part of its programming.
It's not an intrinsic part of its popular tradition but there's noting preventing us from adding it to the program in some sensible manner. The lack of guarantees isn't mandatory either, such can be added within the framework of capitalism.