RE: Why millennials are drawn to socialism
May 27, 2018 at 9:48 am
(This post was last modified: May 27, 2018 at 9:54 am by Anomalocaris.)
(May 27, 2018 at 8:58 am)notimportant1234 Wrote: If capitalism doesn't die in this century it will be a miracle.
Capitalism, through its superior ability to allocate capital efficiently to maximize the total productivity, will give societies that exploit this capability a major advantage, and this is likely remain a dominant economic institution amongst the most influential powers in the world until such times as when that capability is equaled or surpassed by other system. That time is not visible as of yet even on the furthest hoirizon.
(May 26, 2018 at 11:56 pm)Kit Wrote: I'm guessing you're referring to stocks? Just another unnecessary thing needing to go.
As with evolution, things don’t exist and perpetuate because they are necessary. They exist and perpetuate because they confer subtle or obvious advantages to those who have them such that those who advocate for them can leverage those advantages directly or indirectly to overpower those who advocates against them.
(May 26, 2018 at 11:45 pm)Kit Wrote: I wrote a novel about a society where there was no monetary system. The people worked because nothing would get done if they didn't, they worked for the benefit of the community, providing for all, ensuring that everyone had what they needed. No monetary or bartering gain was necessary.
That is how our society could be, how it should be.
Except such a society will likely be overwhelmed by another that provides more visceral inventive facilitated by money, so it would die out.