Post #4267863

Capitalism’s fundamental flaw is that it exploits and feeds people’s greed. It requires an external system of regulation to ensure that the vast majority of people aren’t left with so little that murdering the people responsible for their suffering doesn’t seem like a better option than continuing in the system. One could envision a system that uses mutually aligned incentives to ensure that when you succeed, we all do better, and when I succeed, we all do better. What does that system look like? It looks like a flattened hierarchy, where it is practically impossible for one person to accumulate enough wealth to influence national politics. I think it likely looks like state that guarantees healthcare, education, food, privacy, housing, and a job if you want it. Why does it look like that, because all of those things are neccesary to a happy, fulfilled, and productive life. If you have more people optimally outputting, your economy has strength and resiliency. With a modicome of smart public investment, you can fiscally guarentee that in perpetuity. In order to achieve it you need a government worth trusting, we don’t have one, but we can build one. If nothing else, the modern era of capital accumulation demonstrates that there are so many more resources in the world than people to use them. What if we just let them? Since the war on Iran started the US has spent more than 1/3 of what the UN estimates it would cost to end world hunger (37B/97B).