Comment by WalterBright
2 years ago
Companies go bankrupt all the time.
> Our economic system is predicated on withholding basic needs for profit.
An economic system based on "to each according to his need" has been tried many times. It fails to deliver.
> An economic system based on "to each according to his need" has been tried many times.
Have there been any attempts since the rise of the smartphone and the Internet? I'm only aware of attempts that predate them and those two things have changed capitalistic societies dramatically, for better or worse.
I don't think they've changed the way free markets work. If anything, it makes them more productive because of the efficiency of having better information.
Summarizing the past twenty-thirty years as "slightly more productive markets due to efficiency thanks to better information" might be oversimplifying things a bit, don't you think?
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