- Joined
- Aug 6, 2019
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- 22,072
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- Location
- Bridgeport, CT
- Gender
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- Political Leaning
- Libertarian - Right
Many people wonder what it would be like to live under democratic socialism, where the community, (and not some greedy capitalist) determines what will be produced.
Well, we have some democratic socialism right here in the good ol usa. Many left wing cities allow the community to decide on what may be built. If a developer wants to build an apartment building, the community has the power to prevent him from doing so.
This sounds good, but is it? No. We forget that the community is full of people who are just as greedy and self-interested as any capitalist. Nimbys know that preventing new housing from being built props up the price of their own homes, and they act accordingly.
Now imagine the entire economy being run like this.
Well, we have some democratic socialism right here in the good ol usa. Many left wing cities allow the community to decide on what may be built. If a developer wants to build an apartment building, the community has the power to prevent him from doing so.
This sounds good, but is it? No. We forget that the community is full of people who are just as greedy and self-interested as any capitalist. Nimbys know that preventing new housing from being built props up the price of their own homes, and they act accordingly.
Now imagine the entire economy being run like this.