One party is definitely worse than the other right now but still

submitted by MuskyIndependent from midi.moe

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[–]makesyoudownvote 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

I nostly agree.

I think tax incentives are one of the most useful tools in proper regulation. Things LIKE that are exactly what I am talking about. Carrot vs stick.

But I still think capitalism will inevitably lead to over consumption. It's greatest strength is it's greatest weakness.

It's kind of like this in my opinion. Capitalism is the racecar of economics. It will win if you pit it against anything else. But that doesn't exactly mean it's always the best long term option. You generally don't want a racecar for your commute to work in traffic. This is a bit of an exaggerated metaphor, because capitalism is also extremely adaptable, but the speed can get away from us.

If resource management and ecology is nearly as much of a pressing crisis as it appears to be, I think we'd want to get away from it. If we were in another cold war though as we appear to be approaching one with China, I think capitalism is by far and away the best option.

[–]R51 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Ima say it is definitely the best option, paired with some other key ideas. Communism sounds so incredibly boring. We need to be able to wage peaceful wars and engage in peaceful competition or risk stagnating. Capitalism has the potential to allow this whilst benefiting everybody at the same time (obviously as well as the potential to completely fuck a market via abusing other things).

I think a good analogy to think of is freedom of speech. The quality of discourse depends on the people in that room.

[–]makesyoudownvote 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

I agree, and those are both liberal ideals btw. Capitalism is liberal economics while free speech is a core principal of liberalism.

My only catch is I think Capitalism might be ill equipped for both the level of automation and AI we are beginning to utilize, as it encourages faster and cheaper techniques and risk taking that can and will backfire with AI, it allows for too much wealth inequality as it hinges on a workforce, and with automation production can be handled by too few people to properly spread weather, and this will grow exponentially. And lastly with both resources and AI, it encourages too much risk taking when said risks can have far too catastrophic consequences. AI must be approached slowly and cautiously. We are actually kind of fortunate in a way as what has happened with software driven stock trading illustrates very obviously what pitfalls can come from this. With resources at least a government can regulate, but with AI the genie is already out of the bottle, and that genie is like the monkey paw tale. What you wish for and how the genie/AI interprets that wish will not be the same thing unless those wishes are extremely specific and without greed while capitalism thrives on greed and harnesses it.

This is why what I think you are saying is definitely more right than how most people view these problems, but stopped being true enough to be the defacto best choice about a decade ago. We need to plan to ween ourselves off of it as a global society within the next century. I don't mean overnight change, and I definitely don't think being the first to change is in the best interests of a nation, but it is in the best interest of humanity on the whole.

[–]R51 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yeah, we were not ready for AI. Moving too fast. We have so much more to work on. Young gen says "the future is now, old man" while future just looks bleak every passing generation because, well because human nature lol. Sucks to be human I guess. At least animals are unaware of the futility. Get born, eat, fuck, explore, pvp, satisfy curiosities, teach the young, expore some more till you rejoin the earth, without having the weight of your species screwing the earth on your shoulders.