587
you are viewing a single comment's thread
view the rest of the comments
[-] orca@orcas.enjoying.yachts 45 points 1 day ago

Crises are a feature of capitalism. Marx talked about this. Things become hell for the working class, and the capitalists reap the rewards.

That being said there is yet to be a system that does not have crises.

[-] Doom@ttrpg.network 14 points 1 day ago

Humanity has, the one with the least propensity to experience crises is the one most nations are following.

Controlled economies are much less stable but Marx was unaware of that as economics in his time was less data driven and more philosophical.

[-] Olgratin_Magmatoe@slrpnk.net 7 points 1 day ago* (last edited 1 day ago)

Controlled economies are much less stable

Said in thread about how nuking the control over the economy is about to cause a recession. Yeah, sure.

Deregulation almost always leads to the working class being robbed, the land poisoned, and people killed.

Instead of ranting about deregulation why not look at how poorly controlled economies behave? There aren’t many functioning and what few exist aren’t doing great. Humanity is not smart enough to currently run a controlled economy effectively. That might change if actual AI exists but right now we cannot do it.

Remember the largest command economy in history, The USSR, collapsed mostly because of economic failures that were self created. The second largest command economy was the PRC who moved away from it to a hybrid system and has had greater stability since then.

[-] Olgratin_Magmatoe@slrpnk.net 4 points 1 day ago* (last edited 1 day ago)

Every economy is controlled in some way.

Yes but “controlled/command/planned economy” refers to one where the state sets prices rather than letting market forces determine them. This is not possible to competently do right now with current technology.

load more comments (7 replies)
load more comments (9 replies)
this post was submitted on 21 Feb 2025
587 points (98.4% liked)

People Twitter

5974 readers
613 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.

founded 2 years ago
MODERATORS