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Murtaza Hussain
@mazmhussain
Need to get this one:
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agusti ๐
@bleu.eth
Has capitalism worked?
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agusti ๐
@bleu.eth
I guess so for those on top, not so sure for those on the bottom of the new pyramid anyways. Not saying communism was better. Saying the bosses always sell their solutions as the best for everyone even if its only the best for their own wellbeing.
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Murtaza Hussain
@mazmhussain
Capitalism is a mixed story. Itโs basically an algorithm for growth but it has to be constantly adjusted and managed in order to produce socially beneficial outcomes. The big shortcoming of communism was the lack of democratic controls. This is why capitalism also needs to be tempered by (real not corrupt) democracy.
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Fio
@fiodar.eth
agree on the overall take capitalismโs benefit, imo, is that itโs incentive structure seems to have more positive externalities meaning: if you want to โmake itโ and gain power inside the system, you need to create value that benefits society to some degree doesnโt seem to be the case in communism?
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