Message from @Jeremy
Discord ID: 621682420432764931
What makes markets efficient is actually competition and competition can be inbuild in structures, markets aren't necessary for competition to exist.
Who told I'm a communist.
its obvious
Where do I talk about class struggle?
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.
Financial crisis?
you think you are a special snowflake
you sound the same
Scarcity exists, regardless of what form of economic system you pursue.
That's why economies must exist.
That's why markets must exist.
Until you're able to eliminate scarcity of both labor and resources, you will always run into this issue.
@Jeremy How about the ability of a system to self-impose and self-organize its premised economical spheres?
Why should regulation be imposed on the OUTSIDE?
That's exactly what Capitalism is.
It is not an outside imposition.
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
but otherwise industry specific regulations are created by professional organizations themselves?
Largely at the municipal level more than anything.
Like the engineers writing the regulations for machines and equipment.
The architects writing construction regulations for buildings and so on.
It secures monopolies.
Yes, that is already the case.
I think each guild has its own abilities to regulate itself and only major cases require outside intervention.
You're missing the component of self-interest on part of these trade unions and organizations you speak of.
Just cut outside regulation under the bare minimum and inbuild competition into an organization and you have it.
How to create a self-sustaining economy SEPARATE from the government.
Their self-interest causes them to pursue regulatory efforts that create inefficient and non-competitive markets.
Why should self-interest be SOCIALIZED through unions or corporations.
Pursue minarchism.
I don't think it should.
Why don't we INBUID it through systems of hierarchy where the most competent rises due to his skills?
That subverts the function of free markets, which you appear to desire.
what's a free market
Weird how free markets don't exist anywhere in the world.
Not an absolutely free market, no.
Instead of having unions or the like have organizations tasked with a particular activity that could be created or dissolved by local government, other producers or anyone else who can DIRECTLY benefit from the workings of the organizations.
To have a free market, you require the ability to engage in commerce, within a particular markets, absent the intervention of a third party.
Then the one who creates the organizations can also create the conditions where 2 or more groups will be competing against each other to devise the best structure and rules for it possible.
You realize how much legal innovation you'd have to do to reach sustainable free markets? We never got to that point before we gave up and started regulating everyone because it was the easy solution.