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A space for sharing and discussing news related to global current events, technology, and society.
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© 2020 Relevant Protocols Inc.
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I get that there are a lot of naive people that don’t understand what capitalism means, but this is a naive and simplistic explainer of capitalism. [#1](/relevant/new/1) Socialism is just as “natural”. No one invented socialism either, the concept of the commons has existed longer then markets have. [#poverty](/relevant/new/poverty) : How about income disparity? Or the fact that unregulated markets have led to the Great Depression impoverishing a generation. The New Deal, responsible for getting the economy out of depression was largely a socialist agenda. Arguably socialism had just as much to do with the increase of quality of life as capitalism. Also no one is trying to get rid of capitalism. Just need to establish a healthy balance.
I get that there are a lot of naive people that don’t understand what capitalism means, but this is a naive and simplistic explainer of capitalism. [#1](/relevant/new/1) Socialism is just as “natural”. No one invented socialism either, the concept of the commons has existed longer then markets have. [#poverty](/relevant/new/poverty) : How about income disparity? Or the fact that unregulated markets have led to the Great Depression impoverishing a generation. The New Deal, responsible for getting the economy out of depression was largely a socialist agenda. Arguably socialism had just as much to do with the increase of quality of life as capitalism. Also no one is trying to get rid of capitalism. Just need to establish a healthy balance.
Completely agree. I found myself becoming increasingly angry about that article, as it seems to start from an unexamined position that capitalism is great, it’s just people don’t understand how great. Your call for balance is spot on...
Completely agree. I found myself becoming increasingly angry about that article, as it seems to start from an unexamined position that capitalism is great, it’s just people don’t understand how great. Your call for balance is spot on...
This is an essay published by a libertarian think tank, written by an Oklahoma community college professor educated at a Christian university. Kind of weird seeing it get traction here :/ in this case should I downvote?
This is an essay published by a libertarian think tank, written by an Oklahoma community college professor educated at a Christian university. Kind of weird seeing it get traction here :/ in this case should I downvote?
Ya we need to build in a way to upvote a critique while downvoting an article
Ya we need to build in a way to upvote a critique while downvoting an article
What [@slava](/user/profile/slava) said...
What [@slava](/user/profile/slava) said...
What this oversimplified article implies is that markets are a beautiful and delicate natural treasure that should be protected and admired from afar as a rare snow leopard, whereas laws and regulations are contaminants distilled from platonic idealism. IMO this sounds like your typical neoliberal kid who wants to relegate the state (or any other form of organization that does not emerge from monetary exchanges) to the role of a park ranger tasked to shoot down anything that tries to interfere with the maker, while it expands into every recess of human interaction. Both markets and politics are systems that emerged from natural human interaction. I have yet to see a human activity that doesn't spur from human behavior. And many of this activity must be kept in check politically: violence and crime are also emergent behaviors, but not for this reason they shall be left to evolve unchallenged. (Sorry if I sound like a humanist)
What this oversimplified article implies is that markets are a beautiful and delicate natural treasure that should be protected and admired from afar as a rare snow leopard, whereas laws and regulations are contaminants distilled from platonic idealism. IMO this sounds like your typical neoliberal kid who wants to relegate the state (or any other form of organization that does not emerge from monetary exchanges) to the role of a park ranger tasked to shoot down anything that tries to interfere with the maker, while it expands into every recess of human interaction. Both markets and politics are systems that emerged from natural human interaction. I have yet to see a human activity that doesn't spur from human behavior. And many of this activity must be kept in check politically: violence and crime are also emergent behaviors, but not for this reason they shall be left to evolve unchallenged. (Sorry if I sound like a humanist)
"If the United States is going to continue to see its economy grow and the living standards of its citizens improve, it is important that students are taught the basics of the economic system that has allowed them to experience Adam Smith’s “universal opulence.” Without this basic knowledge, they are easily led to believe myths."
"If the United States is going to continue to see its economy grow and the living standards of its citizens improve, it is important that students are taught the basics of the economic system that has allowed them to experience Adam Smith’s “universal opulence.” Without this basic knowledge, they are easily led to believe myths."
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