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Recent content by Nemiroff

  1. N

    Capitalism is inefficient at resource allocation

    Owned by the workers/citizens is not the same as owned by a singular worker/citizen. The point remains the same. I am advocating for a democratic utilization of national scale production and resources as opposed to ownership by private individual or non-representative king/autocrat.
  2. N

    Capitalism is inefficient at resource allocation

    Are you saying its better than all past alternatives? or all possible alternatives? That's it, human progress stops here. Right? It certainly the best system so far, but so was every system before it.
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    Capitalism is inefficient at resource allocation

    But that is not the system we live in under corporate capitalism. The only choice we have is how many chemicals we can afford to not consume. Why is that more likely? Can you name a single one of those state fascist socialists that didn't start off as a third world shithole that never had a...
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    Capitalism is inefficient at resource allocation

    A truly free market doesn't actually exist, and history has often shown that an increase in regulations have resulting in rises in prosperity and living standard. The New Deal was one such example, whereas the free market policies before the New Deal lead to economic disasters. It is true that...
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    Capitalism is inefficient at resource allocation

    Well that would be interference. Treating symptoms is better than not.
  6. N

    Capitalism is inefficient at resource allocation

    big C comes from little C. It is inevitable.
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    Capitalism is inefficient at resource allocation

    "collective or governmental ownership and administration of the means of production and distribution of goods" Well that depends on the government in governmental. King owns all isnt socialism, even if the government owns and administers production. If the government is representative of the...
  8. N

    Capitalism is inefficient at resource allocation

    That's the same thing aristocrats said about people entering the halls of power. Nobody is talking about a direct democracy. We don't literally operate the hoover dam, but it is owned and operated in the public interest. The same way the highway system is operated with no expectation of monetary...
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    Capitalism is inefficient at resource allocation

    That's not an answer https://www.investopedia.com/terms/e/externality.asp this is a known issue, and all the solutions involve government regulation or some form of enforcement on the free market. The system doesnt deal with them. That is fact.
  10. N

    Capitalism is inefficient at resource allocation

    There are several in the link. Which one? For me it is: worker/citizen ownership of the means of production.
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    Capitalism is inefficient at resource allocation

    https://www.investopedia.com/terms/e/externality.asp Whats the point of offering solutions before we agree on a problem? And the solution is democracy. Letting people decide national scale questions of production, the stakeholders who are affected by those decisions, rather than for profit...
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    Capitalism is inefficient at resource allocation

    How. I can pull up investopedia and other official finances sources that openly agree that externalities are a known problem for market systems. How do you claim they can address either the positive or the negative ones?
  13. N

    Capitalism is inefficient at resource allocation

    idk what that means. Everyone seems to have a different definition of that term. If you are referring to Leninism or a spinoff of Leninism, then no. Sure depending on the details. Agreed. The fewer decision makers, the worse the system. Which is why capitalism worked so well in it's early...
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    Capitalism is inefficient at resource allocation

    the result in inefficient I disagree. Market supply and demand completely ignores externalities. Negative externalities are ignored, such as long term healthcare effects of poisonous food additives, or energy choices. Its cheap for the corporations, but we cant seem to figure out why our...
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    Capitalism is inefficient at resource allocation

    Capitalism is inefficient at resource allocation
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