Competition is key. If they work together, it’s to the detriment of all.
The problem of capitalism is that managing the competition becomes too complicated. Additionally, competition leads to price distortions. That can also become problematic.
The beauty of capitalism is that it rewards cooperation which makes it ugly because the lack thereof shows our deepest rifts.
This isn’t complicated this is one of the most simple and most visible mechanism in capitalism. Even Keynes seen that, just his answer was unfeasible for a prolonged periods.
But how do you prevent the ones who regulate it from being corrupted?
By setting up a system that don’t promote corruption nor require it, unlike capitalism which do.
Keynes answer was to make state regulate the above features of capitalism, but Keynes either from ignorance (hard to believe) or rather from utter idealism, ignored Marx and Smith analysis and warnings and put the regulation of capitalism in the hands of capitalist state. In effect, he tasked regulating those nastiest of men from OP quote to the very same men.
Recommended read: Lenin’s “Imperialism, the highest stage of capitalism”
I really have to read it. But I don’t question that the state will be corrupted. My question is how that non-corruptive system can be created. That’s the tricky part.
Yes, it indeed is very tricky. For that there isn’t real universal answer except socialism (as system which don’t encourage nor require corruption) plus constant effort. Basically all socialist leaders wrote at least something about that. One of most notable examples is Xi Jinping, whose entire career is based on sucessful anticorruption activity on many levels of government.
We MLs look to USSR, China, and the many smaller socialist countries such as Vietnam, Cuba etc. as examples of a preferable system.
The moment socialism is achieved in a country, all its standards of living skyrocket, by every metric. They often achieve rapid development, a boom of technological research, and a vast reduction in power of the personalities Keynes is referring to.
As Farvana above hints, the only reason this system hasn’t rapidly become the standard worldwide is because of the powerful capitalist class greedily and violently protecting its power. Essentially almost every major conflict in the last century has ultimately been about the capitalist class, based in Western host nations, fighting to destroy socialism, the only thing that truly threatens their power.
Socialism is foundationally built on human cooperation. While there are many heart-warming examples of the peoples of these countries working fiercly together, both among themselves and with other countries oppressed by the West, they were born into a hostile world controlled by capitalism and have often had to emulate their enemies just to survive. China in the late 20th century used competition, among other capitalist mechanisms, in order to develop, integrate themselves into the world economy, and to appear obedient to the West so they could quietly build up enough power to act truly independently.
The reason the USSR collapsed is complicated but it really is just a matter of 8 decades of siege and the occasional foundational mistake all piling up and finally materializing in a capitalist coup of the socialist government that was wildly unpopular; it was THEN that lifestyle metrics sharply tanked. Socialism is the newest system in humanity, it has scarcely been around 100 years, it is experimental and the USSR was the first country of its kind. China carefully took notes and devised strategies to make sure they didn’t suffer the same fate.
Competition is key. If they work together, it’s to the detriment of all.
The problem of capitalism is that managing the competition becomes too complicated. Additionally, competition leads to price distortions. That can also become problematic.
The beauty of capitalism is that it rewards cooperation which makes it ugly because the lack thereof shows our deepest rifts.
This word salad may look good but tastes absolutely bland.
It don’t even look good. Competition by its very nature leds to concentration and eventually to monopoly/cartel.
Yes, that’s why it becomes complicated. Monopolies can be taxed to create space for competition but who prevents the authorities from being corrupted?
So better create something without competition. But humanity hasn’t settled on a system. Meanwhile, competition has to be managed.
This isn’t complicated this is one of the most simple and most visible mechanism in capitalism. Even Keynes seen that, just his answer was unfeasible for a prolonged periods.
The mechanism is simple. But how do you prevent the ones who regulate it from being corrupted?
I have to admit that I don’t know Keynes’ answer. If you don’t mind, could you give me some keywords for a search, please?
By setting up a system that don’t promote corruption nor require it, unlike capitalism which do.
Keynes answer was to make state regulate the above features of capitalism, but Keynes either from ignorance (hard to believe) or rather from utter idealism, ignored Marx and Smith analysis and warnings and put the regulation of capitalism in the hands of capitalist state. In effect, he tasked regulating those nastiest of men from OP quote to the very same men.
Recommended read: Lenin’s “Imperialism, the highest stage of capitalism”
I really have to read it. But I don’t question that the state will be corrupted. My question is how that non-corruptive system can be created. That’s the tricky part.
Yes, it indeed is very tricky. For that there isn’t real universal answer except socialism (as system which don’t encourage nor require corruption) plus constant effort. Basically all socialist leaders wrote at least something about that. One of most notable examples is Xi Jinping, whose entire career is based on sucessful anticorruption activity on many levels of government.
If only someone would invent some kind of alternative to capitalism… maybe some German dude named Karl?
Hasn’t Marx only provided the analysis? The Sovjet Union would have survived if everything is settled.
I don’t know of many nations that would survive the unrelenting assault of a burgeoning superpower for 8 decades.
I like to think that the SU collapsed from a grain deficit. That’s primarily an internal problem.
But that’s a side-argument. Where can I find the blueprint for a working non-competitive organization?
We MLs look to USSR, China, and the many smaller socialist countries such as Vietnam, Cuba etc. as examples of a preferable system.
The moment socialism is achieved in a country, all its standards of living skyrocket, by every metric. They often achieve rapid development, a boom of technological research, and a vast reduction in power of the personalities Keynes is referring to.
As Farvana above hints, the only reason this system hasn’t rapidly become the standard worldwide is because of the powerful capitalist class greedily and violently protecting its power. Essentially almost every major conflict in the last century has ultimately been about the capitalist class, based in Western host nations, fighting to destroy socialism, the only thing that truly threatens their power.
Socialism is foundationally built on human cooperation. While there are many heart-warming examples of the peoples of these countries working fiercly together, both among themselves and with other countries oppressed by the West, they were born into a hostile world controlled by capitalism and have often had to emulate their enemies just to survive. China in the late 20th century used competition, among other capitalist mechanisms, in order to develop, integrate themselves into the world economy, and to appear obedient to the West so they could quietly build up enough power to act truly independently.
The reason the USSR collapsed is complicated but it really is just a matter of 8 decades of siege and the occasional foundational mistake all piling up and finally materializing in a capitalist coup of the socialist government that was wildly unpopular; it was THEN that lifestyle metrics sharply tanked. Socialism is the newest system in humanity, it has scarcely been around 100 years, it is experimental and the USSR was the first country of its kind. China carefully took notes and devised strategies to make sure they didn’t suffer the same fate.
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folks, we have found the ultimate