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  • RockBottom@feddit.orgOP
    2·
    2 days ago

    The first problem is that “it’s someone else’s problem” since the market doesn’t change that fast.

    How come? Markets not good?

    The second problem is that there are still rich people who own the robots that can buy things.

    Quantity?

    The final piece of the puzzle is that Capitalism doesn’t give a shit about individual people unless their existence is maximizing profit somehow.

    This systems seems quite lacking as far as building a society on it is concerned.

    • BlameThePeacock@lemmy.caEnglish
      2·
      1 day ago

      Capitalism has many market failures. Long term planning is one of them.

      This is really a problem with Shareholders giving the wrong incentives to management via bonuses on short term value gains.

      Really Rich people? Millions to tens of millions.

      All economic systems lack something, the question really comes down to which one is the least bad and how to drive it properly. Socialism (government ownership) and Communism (public ownership) both suck at producing variety and innovating for example and need to be specifically forced/controlled to do those activities.

      • RockBottom@feddit.orgOP
        1·
        23 hours ago

        The clich‘e is not quite as rigid, though. There are examples of successful public and state enterprises, like Mondragon in Spain and state owned industries in former Yugoslavia, respectively. Modern leftists generally admit that some form mixed approach is best.

        • BlameThePeacock@lemmy.caEnglish
          1·
          9 hours ago

          And I agree with them, if you go look at my other recent comments I’d actually like to see:

          Communism for land ownership, Socialism for necessities, and Capitalism for supplying additional options to necessities, and all luxuries.