At the very least heavy regulation to prevent unfair practices. Humans will pretty much always optimize the fun out of everything.
Take competitive video games for example, where once something becomes the meta, it’s used and abused until it gets nerfed. But people still play hundreds of games with whatever the most optimal meta is, even if it takes the fun and variety out of the game and makes it boring.
Pretty much every economic system ends up the same way, people figure out the most optimal ways to exploit whatever the system is, take the fun and fairness out of it, and ruin it for anyone who doesn’t want to play by the meta. In an ideal system, there’s strong regulatory systems in place (for example the FTC and the CFPB) that work to balance things and make sure the system works for everyone. But the people who like to optimize the fun out of things have decided they’d like the regulators out of the way so they can go crazy with their exploitation.
Any where such stupidly high wealth inequality cannot happen, or at least that doesn’t put “the economy” as the most important thing in the universe, environment, communities and individuals be damned
for invidiual everyday people? Probably something that involves smaller countries. I think part of the reason we have so many of these brazenly corrupt and evil administrations is because the systems are so big the temptation to go megalomaniac just trying to steer the ship is there
, Imagine being told to vote in an election when you live in Idaho or Yukon, and that ultimatley, your vote doesn’t matter because everything gets determined by a couple of population centers (in the case of Canada) or the fate of how a couple swing states vote (USA)
and then once they’re in power, there’s 10,000 mouths all crowing at the mother-bird for food. and only the loudest half get fed at all
Im making weird analogies but the point is, I think we’re looking at this the wrong way. Countries, and therfor economies and Markets, were never meant to get to the size they are today, Countries Like China, America, Russia, India, they are largely unmanagable without brutal oppression , and economically, it’s herding cats.
Some people remember regulation exist. The problem is that bureaucracy, lobbying and corruption do their best to make good regulation take forever to be put in place
What’s the better system?
At the very least heavy regulation to prevent unfair practices. Humans will pretty much always optimize the fun out of everything.
Take competitive video games for example, where once something becomes the meta, it’s used and abused until it gets nerfed. But people still play hundreds of games with whatever the most optimal meta is, even if it takes the fun and variety out of the game and makes it boring.
Pretty much every economic system ends up the same way, people figure out the most optimal ways to exploit whatever the system is, take the fun and fairness out of it, and ruin it for anyone who doesn’t want to play by the meta. In an ideal system, there’s strong regulatory systems in place (for example the FTC and the CFPB) that work to balance things and make sure the system works for everyone. But the people who like to optimize the fun out of things have decided they’d like the regulators out of the way so they can go crazy with their exploitation.
Techno fascism? No wait that’s what we’re turning into
This but unironically
Whatever Norway is doing
I’m not being ironic. No one ever answers this question.
Didn’t think you were and agree. Answers you will get are always the same.
“Well if we ever gave system XYZ a fair shake!”
I’d argue the problem isn’t the system and never was. The problem is human nature. Any system can be corrupted.
So far, capitalism with socialist safety nets.
Capitalism as defined by Adam Smith is nothing that we have now. He would be rolling in his grave.
Any where such stupidly high wealth inequality cannot happen, or at least that doesn’t put “the economy” as the most important thing in the universe, environment, communities and individuals be damned
I mean there were a bunch of regulations that helped reduce these issues in the US but they’ve been chipped away over time so they are less effective.
for invidiual everyday people? Probably something that involves smaller countries. I think part of the reason we have so many of these brazenly corrupt and evil administrations is because the systems are so big the temptation to go megalomaniac just trying to steer the ship is there
, Imagine being told to vote in an election when you live in Idaho or Yukon, and that ultimatley, your vote doesn’t matter because everything gets determined by a couple of population centers (in the case of Canada) or the fate of how a couple swing states vote (USA)
and then once they’re in power, there’s 10,000 mouths all crowing at the mother-bird for food. and only the loudest half get fed at all
Im making weird analogies but the point is, I think we’re looking at this the wrong way. Countries, and therfor economies and Markets, were never meant to get to the size they are today, Countries Like China, America, Russia, India, they are largely unmanagable without brutal oppression , and economically, it’s herding cats.
I think so as well, it’s so easy to hide corruption and power grabs in Kafka-esque giant machines.
Maybe short term: highly regulated capitalism
But I don’t think anyone even remembers that effective regulation can exist
It’s clear we need sweeping change and an entirely different system though, I just don’t know what that looks like
Some people remember regulation exist. The problem is that bureaucracy, lobbying and corruption do their best to make good regulation take forever to be put in place