thats why (((M14ᛟ)))

i'm the god emperor

@ManAnimal - Not really.

Consumption signals can drive production levels.
Externalities corrupt all capitalist systems.

The problem with socialism is not theory, but implementation. I can't think of a single person I would trust to implement such a system, at least for now.

sucks off israel

i'll tell you what countries are 'good'

Read my post history

lol

(((History)))

@Arthur Grayborn “In practice, capitalism continually outperforms socialism because socialist leaders are almost always corrupt and inefficient. They're often idiots too, and idiocy tends to kill more people than even the worst kinds of malice.”

This is wrong. Socialism fails because socialism *itself* is a flawed idea. No leader, no group of leaders, no matter how morally perfect they are, can *ever* replace the free market.

That isn't capitalist theory

capitalism theory involves the role that interest rates plays on those with capital

and what they have to do wiath that capital to keep it

@Scale_e - The free market itself has weaknesses, because social externalities will always be a problem. Where we run into issues, is that you cannot replace the free market without an exceptionally well devised and well managed alternative.

No corporation, university, or think tank currently has that level of ability.

they can't just sit on their money if the interest rates is allowed to naturally rise and fall

Imagine trying to argue with socialists

social externalities are the role of government

I'm a pragmatic capitalist because I think nobody's competent enough to manage a socialist system.

again don't confuse governance and ecccccccccccccconomy

damn compiler lag

I'm a nazi, because my guns are bigger than yours

There are no weaknesses in the free market.

Best economics

well, in an unrestrained free market there is

“That’s not a bug, that’s a feature”

@Scale_e - If we're both on an insurance plan, I smoke and lie about my smoking to the insurance company, and get lung cancer, guess what? We're both paying for my smoking habit.

...and that's just one of countless externalities in the free market system.

Bioshock scenerio

Well Nazis and Commies are basicall the same because they arent me

blows a hole in the ancap ideal

but the market isn't a monolith

Video games aren't reality, and require even less reasoning than a book does

Terrible example

you can assign values to social things as well

Someone who keeps a beehive on their farm ends up increasing the productivity of all nearby farms, but because those farms are not paying for the beehives the economic value of beekeeping in a free market system will always be less than its true value.

i.e.subsidize and tax

And apparently bioshock refutes capitalism

Fucking lmao

these are government and community mechanisms that can leverage off the free market mechanisms

@OsMosler that describes this entire conversation

The market is not some supernatural force that cant be messed with at all though

well that idea has been totally lost