Long-term, regulations are either bypassed or dismantled, or the regulatory agencies are captured. Either lead to the same cyclical result where in the euphoria/bubble state of capitalism, existing regulations are removed to allow the system to grow faster/higher, and once the economy inevitably busts and (poor people’s) lives are lost/ruined, then some regulations are added to “not let this happen again”. At least, until the next boom cycle begins. We’ve already seen this play out and we’re at the point where we can’t see it play out again as that will literally lead to a human-led mass extinction event.
I’m still not sure about the following yet, but it seems to be accurate.‘Unregulated’ capitalism is what the US has been dealing with for many, many years now. I look to the major countries in Europe to see what kind of economies they run, to help me understand what a better off country might look like. (Yes, most of them are part of the EU, and that itself brings Pros and Cons to singular economies.)
The end result of capitalism is slavery. The end result of anarchy is also slavery. The end result of socialism is… yup, also slavery. Basically humanity seems to enjoy slavery:-). :-(
Knowing this, it might have been good to have tried to work against that trend. However, we got too lazy, and/or greedy, and if you don’t fight against entropy then the natural state takes over.
Case in point: our level of technological progress is higher than it has ever been. We could feed the world. We won’t, but we could. And yet, food prices reflect… more similarity to slavery than to freedom of choice - what other food can I buy except the stuff that is twice as expensive as it was?
I can understand capitalism resulting in slavery, because it wants to minimize labor costs, so slavery is the logical conclusion (also, slavery is still used by capitalists). I don’t see anarchy resulting in slavery, because slavery is inherently hierarchical. I also don’t see socialism resulting in slavery because the workers own their means of production/businesses/workplaces.
Capitalism is not working.
CapitalismDeregulation is not working.Capitalism Regulation does not work in the long term.
Explain, please.
Long-term, regulations are either bypassed or dismantled, or the regulatory agencies are captured. Either lead to the same cyclical result where in the euphoria/bubble state of capitalism, existing regulations are removed to allow the system to grow faster/higher, and once the economy inevitably busts and (poor people’s) lives are lost/ruined, then some regulations are added to “not let this happen again”. At least, until the next boom cycle begins. We’ve already seen this play out and we’re at the point where we can’t see it play out again as that will literally lead to a human-led mass extinction event.
“Regulatory capture” is one way that regulated capitalism can fail. Bring that, I’m not sure.
What do you mean by “working” in this context?
I’m still not sure about the following yet, but it seems to be accurate. ‘Unregulated’ capitalism is what the US has been dealing with for many, many years now. I look to the major countries in Europe to see what kind of economies they run, to help me understand what a better off country might look like. (Yes, most of them are part of the EU, and that itself brings Pros and Cons to singular economies.)
Oh, yes it is, and it’s working exactly as it’s meant to.
The end result of capitalism is slavery. The end result of anarchy is also slavery. The end result of socialism is… yup, also slavery. Basically humanity seems to enjoy slavery:-). :-(
Knowing this, it might have been good to have tried to work against that trend. However, we got too lazy, and/or greedy, and if you don’t fight against entropy then the natural state takes over.
Case in point: our level of technological progress is higher than it has ever been. We could feed the world. We won’t, but we could. And yet, food prices reflect… more similarity to slavery than to freedom of choice - what other food can I buy except the stuff that is twice as expensive as it was?
I can understand capitalism resulting in slavery, because it wants to minimize labor costs, so slavery is the logical conclusion (also, slavery is still used by capitalists). I don’t see anarchy resulting in slavery, because slavery is inherently hierarchical. I also don’t see socialism resulting in slavery because the workers own their means of production/businesses/workplaces.