They asked to be proven wrong, they're instantly proven wrong, then they act like it never happened to begin with, or merely decide on a whim that such evidence doesn't matter for illogical reasons.
Read the study and the main barriers to this is implementation.
- Private capital is insufficient to create this change because there isn't payback on the risk of creating DLS.
- State policy would have to get involved and cut out private sinkholes, meaning nationalizing major industries.
In a later study, the author suggests a major public spending policy reliant on Modern Monetary Theory, which is an economic theory based on the idea that the state creates money and reclaims the money put into circulation through taxes.
MMT is sort of a fringe leftist idea gaining more popularity, but... it's never been put to the test and it would be risky to put do so. Some experiments would be cool to see.
Consumer capitalism is nothing more than slavery with a thin veneer of liberty, and every day more of that veneer crumbles and falls away as long as you're paying attention.
People concerned about deporting immigrants crashing the economy not questioning the need for a powerless class of low paid workers to keep the economy from crashing.
I've been saying for over 20 years now that if the fascist right truly cared about "illegals" they would be punishing the giant corporations that keep trafficking and hiring undocumented migrants. Their manufactured outrage is just another weapon of mass-distraction.
but what about the 0,01% ? they need 200 Trillion dollars per second else they die!
for real thou this is why i hate modern buildings too like we could make beautiful buildings but no because investors want more money only glas/concert/steel box
Not capitalism, greed. Too many people misunderstand what capitalism is. Corporate greed and avarice are the real things destroying society and our livelihoods, not capitalism. Capitalism and the free market is good when properly regulated. Communism will not save us, it will only make things worse.
Capitalism flourished under FDR's social programs. It CAN work, but only when properly moderated. Every communist country failed and eventually became an authoritarian oligarchy. CCP-led China, the USSR, North Korea, etc. Far worse track record than capitalist countries, which haven't failed yet.
I don't have worms inside my brain. I have a 119 IQ. I know that doesn't mean much, but it's something. I'm decently smart and do a lot of research on legitimate sources. I decided this position on my own, not by anyone else telling me. I'm also not right wing, I'm center left.
Capitalism has natural tendencies like wealth accumulation, monopolies and growing inequality. These are systemic and can only be regulated out by a degree- we've tried. This system is regulated. Time to change the system.
Capitalism, ideally, allows free competition between companies which, in theory, weeds out the bad companies and promotes the good ones via the free market.
Capitalism is inherently corruptible. They haven't created a system where the wealth doesn't go to the top and get hoarded. So, the government is too powerful in protecting wealth and the oligarchy is too powerful and income inequality grows. You think we're in a healthy state? That's laughable
We're not in a healthy state. That's why we need proper regulation and the redistribution of wealth. Things were good pre-reagen when it comes to capitalism under FDR's welfare state. It's very easy to make a good system under capitalism.
Communism fails because of a lack of checks and balances (too much government power) and people aren't motivated to work unless they are motivated by monetary incentives, which are then needed to live. If people didn't have to work in order to live, they just wouldn't.
In the USSR, the go-to example of a communist nation, it would have collapsed in a handful of years under Lenin because people weren't motivated to work, requiring the government to enact forced labor for no greater gain.
The draw of capitalism is the ability to accumulate wealth and rise through the ranks. Wealth = social credit and, in theory, anyone can become wealthy if they try hard enough.
It is tho. I wouldn't even call it "capitalism", because the economic system currently in place in the US is greatly damaging to the free market, the core of capitalism.
@jumpman-md.bsky.social remember when I said that we have enough resources for the current world population and even more than that, but it's not equitably dispersed and capitalism creates waste that could be utilized to take care of everyone? Yeah.
yeah, but a handful of guys would have their enormous money piles get smaller, and that's an evil so much worse than dumb stuff like "starving to death," or "medical debt." DUH.
Not really. The state would have to do mass-spending for new services, create a job guarantee, nationalize major industries, and build self-reliance in the Global South, according to the author in a later study. Not sure how realistic any of that is, but wouldn't need to tax billionaires for it.
Might be an unpopular opinion, but I'd rather the ultra-wealthy spend 600 million on a wedding than just sit on it. At least with the wedding, some percentage of that money is going into the pockets of vendors, laborers, etc.
Not that it excuses the inequality existing in the first place, but it would definitely be a big improvement if rich people *spent* more of their money instead of hoarding it like some Tolkien dragon.
Wish more people realized this when COVID had us killing hundreds of thousands of chickens, dumping months worth of milk, and burying tons of potatoes (with toxins) for the sake of not reducing prices.
Comments
It's Grifting 101.
https://youtu.be/WXLrPA4DPNA?si=royOzJOqvNup3pus
"Money is a sign of poverty."
Though the translation is lost when converting to a more local basic dialect.
One cannot translate what it is to not have what you never had.
- Private capital is insufficient to create this change because there isn't payback on the risk of creating DLS.
- State policy would have to get involved and cut out private sinkholes, meaning nationalizing major industries.
for real thou this is why i hate modern buildings too like we could make beautiful buildings but no because investors want more money only glas/concert/steel box
Now excuse me while i die inside.
Please.
The severe inequality Western capitalism produces is grotesque.
This is mouth foaming rage at how unfair and cruel these systems have been allowed to be