- cross-posted to:
- technology@lemmy.world
- hackernews@lemmy.bestiver.se
- cross-posted to:
- technology@lemmy.world
- hackernews@lemmy.bestiver.se
cross-posted from: https://lemmy.bestiver.se/post/693048
cross-posted from: https://lemmy.bestiver.se/post/693048
Capitalism is not reformable because it fundamentally relies on ever increasing rates of profit and exploitation. The first is impossible in a finite world, and the second is untenable to anyone who believes in justice.
Corporations that are incentivized to make number go up and grow indefinitely at the expense of all else are a big part of the problem. Proper anti-trust regulation that is actually enforced to limit their size, as well as an aggressive wealth tax to limit individual wealth would go a long way.
Fundamentally, though, capitalism rewards those who seek power over those who contribute to society and also doesn’t incentivize long-term societal well-being. Regulation would only limit how much power any one psychopath can gain. If we could start from scratch and create a new society with any system we wanted, it would not be Capitalism.
Which system should it be in your scenario?
Capitalism while replacing taxes on productive activities with taxes on unjustified monopoly power such as land value taxes to fund a UBI would be better than many past status quos.
I have no idea what would truly work in the long-term. Is there really a system that is immune from psychopaths eventually seizing control while everyone else passively allows it, then when it gets bad enough, the guillotines finally come out, rinse and repeat?