Message from @Jeremy

Discord ID: 621682089720283166


2019-09-12 12:18:24 UTC  

I don't think markets are that efficient

2019-09-12 12:18:29 UTC  

Reasons are two"

2019-09-12 12:18:39 UTC  

The existence of financial crises

2019-09-12 12:19:09 UTC  

and 2. The ability of private interests to establish control over particular markets.

2019-09-12 12:19:57 UTC  

communism 45.0 hasnt been tried yet

2019-09-12 12:20:01 UTC  

What makes markets efficient is actually competition and competition can be inbuild in structures, markets aren't necessary for competition to exist.

2019-09-12 12:20:16 UTC  

Who told I'm a communist.

2019-09-12 12:20:24 UTC  

its obvious

2019-09-12 12:20:27 UTC  

Where do I talk about class struggle?

2019-09-12 12:20:30 UTC  

Of course they are; otherwise, there would be shortages and surplus everywhere. I won't say there isn't an absence of various industries operating efficiently, however, as regulation and entry-barriers, which give way to unofficially managed state-cartels via an indirect planning, has culminated uncompetitive markets.

2019-09-12 12:20:45 UTC  

Financial crisis?

2019-09-12 12:20:48 UTC  

you think you are a special snowflake

2019-09-12 12:20:51 UTC  

you sound the same

2019-09-12 12:21:00 UTC  

Scarcity exists, regardless of what form of economic system you pursue.

2019-09-12 12:21:19 UTC  

That's why economies must exist.

2019-09-12 12:21:23 UTC  

That's why markets must exist.

2019-09-12 12:21:49 UTC  

Until you're able to eliminate scarcity of both labor and resources, you will always run into this issue.

2019-09-12 12:21:50 UTC  

@Jeremy How about the ability of a system to self-impose and self-organize its premised economical spheres?

2019-09-12 12:22:04 UTC  

Why should regulation be imposed on the OUTSIDE?

2019-09-12 12:22:28 UTC  

That's exactly what Capitalism is.

2019-09-12 12:22:40 UTC  

It is not an outside imposition.

2019-09-12 12:22:54 UTC  

What would happen if there is a certain obvious regulation framework imposed in the constitution like do not cut down all forests and do not poison people

2019-09-12 12:23:24 UTC  

but otherwise industry specific regulations are created by professional organizations themselves?

2019-09-12 12:23:42 UTC  

Largely at the municipal level more than anything.

2019-09-12 12:23:51 UTC  

Like the engineers writing the regulations for machines and equipment.

2019-09-12 12:23:59 UTC  

Have you ever read through municodes in the U.S.?

2019-09-12 12:24:20 UTC  

The architects writing construction regulations for buildings and so on.

2019-09-12 12:24:24 UTC  

It secures monopolies.

2019-09-12 12:24:46 UTC  

Yes, that is already the case.

2019-09-12 12:24:51 UTC  

I think each guild has its own abilities to regulate itself and only major cases require outside intervention.

2019-09-12 12:25:23 UTC  

You're missing the component of self-interest on part of these trade unions and organizations you speak of.

2019-09-12 12:25:28 UTC  

Just cut outside regulation under the bare minimum and inbuild competition into an organization and you have it.

2019-09-12 12:25:48 UTC  

How to create a self-sustaining economy SEPARATE from the government.

2019-09-12 12:25:50 UTC  

Their self-interest causes them to pursue regulatory efforts that create inefficient and non-competitive markets.

2019-09-12 12:26:20 UTC  

Why should self-interest be SOCIALIZED through unions or corporations.

2019-09-12 12:26:21 UTC  

Pursue minarchism.

2019-09-12 12:26:49 UTC  

I don't think it should.

2019-09-12 12:26:53 UTC  

Why don't we INBUID it through systems of hierarchy where the most competent rises due to his skills?

2019-09-12 12:27:01 UTC  

That subverts the function of free markets, which you appear to desire.

2019-09-12 12:27:12 UTC  

what's a free market

2019-09-12 12:27:45 UTC  

Weird how free markets don't exist anywhere in the world.