Comment by TacticalCoder
4 hours ago
Western societies in which HFT happens also happen to have the best medicine, leisure (many different sports for example), education etc.
You think you could do better by having a planned economy, with your eminence deciding what's a waste and what is not? And why should I believe you it'd end up differently than North Korea or Cuba?
Or you'd somehow manage to take what you think are all the good parts of western societies while outlawing what's wasteful and we'd have an utopia?
this reply isn't in good faith. OP is being self critical examining contradictions of living in complex interdependent societies. why are your queries so aggressively factional?
There is a very vocal minority of folks that when they come across a comment that at all looks like an opponent of ancap [1], they become unhinged, even in this case where the GP was being internally reflective about their own beliefs.
The irony has most likely circled their drain (which just goes into a creek anyways).
[1] https://en.wikipedia.org/wiki/Anarcho-capitalism
Which is especially ironic when they bring up an example like Cuba, where at least today, you can’t really say whether the policies or de facto sanctioning it receives are at fault for the current economic state.
they just said a planned economy where people's judgements of what is "valuable" allocate resources would not be a good idea, i dont see how that is "ancap" nor really all that wrong?
> You think you could do better by having a planned economy
Nobody mentioned that crazy scenario so why bring it up?
BTW the USA is already a planned economy.
I think they mean a planned economy in the sense of the Soviet Union. The USA is not that, not even close.