Fixing Capitalism

[chickenstrip]

Seems to me to be broken.
Should there even be stock markets/shareholders? The problem seems to lie in this area.
And how to divorce capitalism from the politicians? Should companies be allowed to lobby them?

And if these aren't bad things per se, how to regulate them so that they don't go to excess?
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[Easy-X]

How do we fix something we don't even have?
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[chickenstrip]

[Easy-X]

Can't say I've ever seen a country that runs on Capitalism in the same way all the so-called Communist states were "not proper Communism." For the most part Europe runs on democratic/socialist lines with almost every aspect of life regulated by the State.

Again, how do we fix something that no one's ever tried?
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[Polarbear]

[Easy-X]

I blame the goldsmiths
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[struan80]

I've copied this from google. But it is my thoughts on it, better put than I could.

Prominent among critiques of capitalism are accusations that capitalism is inherently exploitative, alienating, unstable, unsustainable, and creates massive economic inequality, commodifies people, and is anti-democratic and leads to an erosion of human rights while it incentivises imperialist expansion and war.

Unfortunately the greedy devils we are will ensure that Capitalism will survive.

I do believe that one day there will be equality in this world. Around the time of the next Ice age....Ice age is going to happen, sooner than later.

[chickenstrip]

[Howling Terror]

Professor Noam Chomsky is extremely tedious to listen to yet well worth the 3 cups of coffee required.

I plucked this one out but there's plenty more.

https://youtu.be/wJtfWZGxnGI

Christopher Hitchens is another who lifted the lid and dared to prod the contents.
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[chickenstrip]

[struan80]

[Howling Terror]

Oh FFS!!

How can you distil it without omitting details that would leave us to type at each other for the next few weeks. I don't have the time...or more honestly I'm fine with talking about it over an evening or so but I'm not the public speaker I wish, nor the capacity to fully convey the parts I understand.

That particular lecture isn't solely about capitalism but it and others by Chomsky/Hitchens are valuable and well worth putting time aside.
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Diabolical homemade music Bandcamp and Soundcloud
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The Harry Turner Project

[chickenstrip]

[Easy-X]

Hang on a sec, what are we even talking about here? When you say "Capitalism" is it the rigged-markets, no better than a Ponzi-scheme system we're afflicted with now or just the general concept of a free market system of assigning value to things?
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[chickenstrip]

[Easy-X]

If we just keep it simple then how do you assign value to things? Hands-off and just leave a multi-actor system pejoratively declared as "greed" to ascribe value via money versus alternative systems such as the labour theory of value and artificially fixed markets

The former concept of free markets never really plays out in the West. As soon as a new market appears successful players become entrenched by lobbying the government for regulation to shut out competitors i.e. the classic "you're overcharging for your product" never gets resolved as any new entrant that would want to undercut is told they have mountain of red tape to get through first

The socialist trope of "markets are unfair" is both true and false. The markets we have are unfair but no one ever seems to propose free markets only more regulation, two wrongs don't make a right and all that.
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[chickenstrip]

[Easy-X]

Maybe the central problem is we rely on a system of government where the politicians value the electorate very little but lobbyist money is very clear cut. "Arise, Sir Money Bags, your contributions to the Party are greatly appreciated"

Proportional Representation, Alternative Vote, etc. would do nothing to solve anything given the choices: candidates getting on the ballot due to who they know not what they know.

"But! But! You can always vote for the other party if your representative isn't doing a good job!" a) my MP is Dominic Rabb so he's only going if he retires or gets assassinated and b) the other party is just another set of cunts in different coloured ties, i.e. no choice at all.
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[chickenstrip]

But capitalism isn't the political system. It operates within it. I get that the system affects it (all too obvious), but it is only part of the description of how a country works. This is why I asked in my OP "how to divorce capitalism from the politicians?" Maybe it can't be done?
Conservatism is supposed to say keep taxes low and keep out of the way of business and people's lives generally (and yes I get that we haven't seen conservatism in this country in quite a while too).
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[Howling Terror]

[chickenstrip]

I shouldn't have started this thread. I don't have the attention span for it
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[Easy-X]

Maybe in lieu of taxes you get to slip some money in an envelope for your MP when he/she is up for re-election. The one with the most money gets to keep it all but they only get minimum wage for parliamentary attendance.

I dunno, some sort of performance based reward. There's no real incentive for them at the moment.
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[chickenstrip]

An alternative would be to pay them much more highly, but ban them from having business interests while in post.
I dunno, doing well for your country and its people ought to be motivation enough
Is there a cap on donations any individual can make to party coffers? Perhaps there ought to be.
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[Rob Fzs]

This version of capitalism is at its limit, most things have been milked dry, any competition is stifled with rules and regs passed on from insurance companies that then use the Float money to buy up other firms

They only give a shit about net zero as a means for a new Growth vehicle

Housing market will be next, prices going above what most people can safely mortgage
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[Polarbear]