Individualism Is Stupid ( Or Why Libertarianism And Objectivism Is Stupid)

[Amarok]

I think capitalism's greatest strength is that it is "self-correcting"... think of Smith's invisible hand. If a firm is not producing things efficiently, it will be put out of business by a firm that is. If we put the means of production into public hands, how will a public entity "go out of business" if it is inefficient? The right/libertarians have a valid point here.

The idea that a public entity should go out of business seems a bad idea rather then simply fixing it. I don't believe in treating critical things as a for profit notion . Nor do i view the idea of everything being a competition.And i think the privatization of most things is a serious problem .