this post was submitted on 01 Dec 2023
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Smith can talk all he wants, that doesn't make his analysis correct.
He wrote the book on capitalism
The system literally came from that book
And we know now that his analysis on the outcome of capitalism is incorrect. Capitalism exists for the private property holders to extract as much wealth and power as possible from their privileged position. That unrelenting pursuit of profit has led to even worse inequality, and is collapsing entire ecosystems. It's a disaster of an economic system full of contradictions. Those contradictions are now causing capitalism to collapse in on itself.
So you realize that the problems with capitalism are what it set out to prevent
That doesn’t make the core of capitalism the opposite
That means it’s not true capitalism
The problem is greed that will exist in any system because people with power will degrade/morph any system to be self serving
capitalism prioritizes greed what are you talking about?
What system doesn’t?
the ones that don't rely on private property?
So pick one
library economies.
Who checks if people are contributing/who divides the resources up?
Can I not bribe them to get more?
money isn't necessary in a library economy, because there's nothing to purchase. You go to the library for all non-consumable items. The library is incentivized to produce highly repairable and durable goods to reduce waste and minimize demand on the supply line. Consumable goods are gotten at locations similar to a food bank, all members of the community are responsible for producing food for the community.
You don’t need money to bribe
I understand the theory of it, you aren’t listing any devices to prevent abuse
What’s your military/police?