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General Discussion / Re: Latin American Politics: Heated Politics Edition
« on: April 02, 2017, 11:49:23 am »
... no, serg. They're not just rebranded capitalism. Like, as someone from a (mostly) capitalist country with capitalist economic and business training. That ain't how it works. Words mean things and all that, and capitalism has a fairly specific meaning. It's not a synonym for mixed market, which is a term that was coined because it incorporates things from non-capitalist economic methodology.
And that's fine. Capitalism failing at points means jack-all if we have solutions, and we do. It's still got a lot of good stuff, but it's a failed ideology so far as a robust and well functioning economy goes.
And that's fine. Capitalism failing at points means jack-all if we have solutions, and we do. It's still got a lot of good stuff, but it's a failed ideology so far as a robust and well functioning economy goes.
I think capitalism fails any time that something terrible will happen if you don't get the product. Because at that point the idea of freely choosing goes out the window, and now you're under someone thumb.Pretty much? The failure points of a capitalist system aren't exactly a mystery. Markets need a certain set of conditions to operate at peak optimization efficiency, and the more (and more important) conditions that are lacking, the worse it does -- and there's very much a point where it starts being a net negative. Most vital or emergency services, most infrastructure, and many activities that are valuable elsewhere but unprofitable for the producer are things rife with practical examples. Some things just can't really be turned into a functioning market, which is where a third party needs to come in and a market either controlled or prevented.