"Capitalism is why there are six empty houses in this country for every homeless person. Capitalism is why we waste 40 percent of our food. Capitalism is why 200 species went extinct today. Capitalism is why we go to war for oil. Capitalism is why your kid is going to die in a water riot."

submitted by EndlessSunflowers from (self.LateStageCapitalism)

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[–]Drewski 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

With the exception of the justice / police system, all those things have to be a commodified if you want an efficient and functional economic system. The human element in a mixed or command economy always results in rampant waste, inefficiency and shortages due to a lack of available inputs, no immediate corrections, and/or corruption.

[–]FormosaOolong 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Oh I make a distinction between spending money to provision things, and commodifying them, as in privaizing/publicly trading/quarterly-profiteering them. This is a key distinction, imo. When a CEO is making US$24million per annum to maintain a system that sells water back to us at a profit, something is amiss.