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kava@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

You said you’re not pushing socialism, but you didn’t offer what you do support, so I’ll speak broadly.

I’m a big of a nihilist here. I think free market capitalism is a terrible system that will inevitably crash and fail. It is also the best thing we have come up with so far. Essentially Churchill’s quote. I only hope that after our next foray into fascism we will come out the other side with a new 21st century ideology that is somehow able to fix the fundamental contradictions.

I really support Liberalism (and I mean you know, freedom of speech, free market, pursuit of happiness, etc). I would always prefer to live in a society that gives me the freedom to live life on my terms. In theory, we could have a socialist version of this, but I think like we discussed it falls victim to precisely the same fate. When the Soviets initially took power, they were genuine in their desire for revolution. They did many great things- they created written languages for all of the local ethnicities that didn’t have them. They put local leaders in positions of power. They increased literacy and invested in education strictly for altruism.

That only lasted a couple short decades, however, because the wheels of power inevitably turn.

Here’s the thing, I think you make great points. And the solutions you propose would benefit the system both in the short and long term. But I think collapse is inevitable anyway, and specifically collapse into fascism. Perhaps in a system where the institutions are strong and we have policies in the line of what you’re suggesting (campaign finance reform, proportional representation, etc. I’d even say higher salaries for politicians counter intuitively) will last a long time.

But ultimately, it’s the classic criminal versus police officer. You can put up a border wall to stop drugs coming in, they’ll go under the ground. You put ground penetrating radar sensors, they build DIY-submarines. You invest in a coast guard, they build drones. Etc Etc

It’s a constant battle that requires constant vigilance. However, here’s the kicker. Here’s the reason why it will always inevitably fail.

The people with significant wealth and by extension power- they will always have incentive to change the system to their advance and they will always have the ability to influence it. They will never stop trying to come up with new ways to either exploit current laws or create new ones.

The average people, the consumers and voters, they will sometimes have the incentive to change the system and they will sometimes have the ability to influence it. In times of trouble, people get upset and they start protesting. They start voting for new measures, different policies get enacted. Like you mentioned, we broke up Standard Oil. Or when we broke up the Bell Telephone Company.

During that time people were both discontent, which means they had the incentive to change the system and coincidentally that also gives them the ability to influence the system- politicians are only scared into making positive change for the average person when there is large scale dissent.

But what happened to both of those examples (and virtually every other anti-trust regulation we’ve ever tried to implement)?

Today, Bell Telephone’s descendant is AT&T- a behemoth of a megacorp that participates in an oligopoly over the telecommunications market. Today, Standard Oil’s descendant is Exxon Mobil and remains the largest oil and gas company in the US.

What happened here? Well, the public interest eventually fades. Some other crisis shows up on the news channels and people become content with their lives. If the economy is doing well, people are paying their bills, etc, they don’t care. If they economy isn’t, the politicians have become exceedingly proficient at redirecting that discontent towards scapegoats (today it’s immigrants for example).

So, it’s a simple math equation. Let’s say the corporations win 51% of the coin flips and the free market / law abiding public wins 49% of the time. For a very long time, it can stay more or less even. Cops versus robbers- the equilibrium stays intact.

But imagine a limit that goes to infinity. What happens? Eventually the interest of wealth wins. Now, different societies can have different coin flip ratios.

I think our society is nowhere near 51% / 49%. I think your solutions would bring us closer to that 50 / 50 but due to again, the very nature of the capitalist system- the law will never be in the driving seat.

Two very simple axioms determine that, which we have discussed above

  1. wealth tends to accumulate due to economies of scale

  2. wealth leads to power and power self-perpetuates

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