'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
'Neoliberal capitalism' has contributed to the rise of fascism, says Nobel laureate
The attacks on democracy and freedom "have never been greater in my lifetime," warns Nobel Prize-winning economist Joseph Stiglitz.
cross-posted from: https://lemmy.ml/post/19046336
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A socialist economy where workers own the businesses means that the people making the decisions will be sensitive to their impact on the average person, rather than multi billionaires building bunkers to survive the collapse.
It means people will not vote to pollute their own water supply to make a buck.
It's not a holy grail, but it's a solution because it makes the economy democratic rather than dictatorial.
Let me tell you what happened here some time ago.
After the government seized the means of production to people they gave each worker a share in the company.
On that same day the workers sold it or lost it, bought vodka or cigarettes for the few pennies they made. Not much was left in the original hands. Someone bought the majority.The ideal economic system works perfect under perfect conditions. Capitalism works ok under most of conditions.
Evolution of economic systems is not a history of choosing the perfect one but elimination of these that failed.
That's a poor implementation just like there are myriad poor implementations of capitalism
Okay but there was no good implementation of socialism so far.
Therefore there can never be?
Democracy took a 1.5 thousand year L. France implemented it then reverted to Empire.
You would have been saying democracy can't work.
It was an idea that evolved over the years.
There’s plenty of failed ideas. Maybe capitalism is another one that will be replaced by something better. Only time will tell. It will be exciting if a replacement happens in my lifetime. Bad systems die so no worries but what constitutes a bad system also depends on available resources.When Empires collapse bad things happen, capitalism is a global Empire. If we let it self destruct we'll destruct with it. It'll collapse, that's certain, but if we just wait then we have no agency over what comes next.
It has to be replaced.
Good luck then. I will be observing these efforts with great interest and some popcorn. Just tell me when the first season starts.
We get it, you're an apathetic obstacle to progress and your descendants will pass judgement on you for that. I hope you continue to stay out of the way, rather than joining other liberals on the fascist side.
except all the ones you are ignoring
Those people barely can avoid trump reign and majority don’t think climate change is real and you think they will be able to handle managing the collective economy? You are very optimistic for a doomer you know.
We barely qualify for representative democracy and you want to make economy into a direct democracy. That’s very cute, no offense.None of this changes that capitalism is the root problem. You think we need better regulation, which is fine and pragmatic and likely our shortest route, but it's a patch.
You can take those 3 arrows out of your pfp now. Ancap ass or 3-letter agent bullshit is all you espouse. Working class traitor
I am gonna make a screenshot because this is super funny. Do you have more of that lingo? It feels like I was transported back in time to people’s republic. It’s super memeable here.
Crazy westoids think they want communism 😂
Ukrainians would drop their weapons in disbelief, gonna send one this shit