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0 pointsnickpp1y ago0 comments

Without profit there is no reason anybody will provide those. Countries that tried socializing food - starved.

Capitalism is the only one that brought plenty - because there is an incentive to do so.

0 comments

baq1y ago

Profit is… not fake, but fiat. Energy and clean water are real.

With collapsing demographics the current economic system will fall over anyway, either due to inflation or defaults, so maybe it’s a good time to start thinking about how to separate utilities from money.

qwytw1y ago

> how to separate utilities from money

Forced labour? Central planning? Requisition? How exactly would that work? Somebody still needs to build and operate those power plants.

Also commercial and industrial users consume >60% of all electricity in the US, should they also be subsidized? Or subsidize residential users?

baq1y ago

If I had answers, I wouldn't be saying that it's a good time to think about that.

But you shouldn't assume that things will just continue on as they were in the past hundred years. Boomers are retiring now, when the busters start going into retirement it's going to be a huge mess. Inflation is how democracies die.

bayindirh1y ago

    Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
    -- John Maynard Keynes.

I think he's onto something as I see the lengths Boing, Intel, FAANG, et. al going to benefit us all everyday...

qwytw1y ago

Well they did overall, throughout their entire existence, didn't they?

2 more replies

nancybelowzero1y ago

It certainly brought plenty to some people, didn't it? Other people still get nothing.

nickppOP1y ago

Fewer and fewer get nothing. Capitalism raised billions out of poverty and continues to do so, in every place it is allowed to work.

j / k navigate · click thread line to collapse

0 comments

baq1y ago

Profit is… not fake, but fiat. Energy and clean water are real.

qwytw1y ago

> how to separate utilities from money

Forced labour? Central planning? Requisition? How exactly would that work? Somebody still needs to build and operate those power plants.

Also commercial and industrial users consume >60% of all electricity in the US, should they also be subsidized? Or subsidize residential users?

baq1y ago

If I had answers, I wouldn't be saying that it's a good time to think about that.

bayindirh1y ago

    Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.
    -- John Maynard Keynes.

I think he's onto something as I see the lengths Boing, Intel, FAANG, et. al going to benefit us all everyday...

qwytw1y ago

Well they did overall, throughout their entire existence, didn't they?

2 more replies

nancybelowzero1y ago

It certainly brought plenty to some people, didn't it? Other people still get nothing.

nickppOP1y ago

Fewer and fewer get nothing. Capitalism raised billions out of poverty and continues to do so, in every place it is allowed to work.

j / k navigate · click thread line to collapse