Re:Facebook's Aggressive Moves on Startups Threaten Innovation
by SaltyBackendGuy on Wednesday October 25, 2017 @07:02PM
(#15555041)
I always wonder what a better solution than capitalism is. It's not perfect, and it's pretty broken when politics and corporate interests are in bed together. However, we're seeing the ill effects of socialism (Venezuela) like starvation and I prefer the former. Furthermore, the crypto economy might be the closest example we have to "Free Market" capitalism.
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Re:Facebook's Aggressive Moves on Startups Threaten Innovation
by adamnemecek on Wednesday October 25, 2017 @09:03PM
(#15555566)
I was always intrigued by Georgism (https://en.wikipedia.org/wiki/Georgism) but idk if it would really work in 21st century.
Re:Facebook's Aggressive Moves on Startups Threaten Innovation
by lend000 on Wednesday October 25, 2017 @10:24PM
(#15555885)
Georgism is a very interesting idea -- however, in its purest form, what is the incentive to invest in land? E.g. to build tall buildings, factories, invest in better farming practices/technology, etc.
Would it not be better to have full property rights, except with externalities captured?
Re:Facebook's Aggressive Moves on Startups Threaten Innovation
by arkades on Wednesday October 25, 2017 @07:24PM
(#15555161)
Capitalism and regulatory capture aren’t the same thing. Hell, even Adam Smith sternly warned against an environment with too much power imbalance.
The latter is just good old corruption, and it pays no respect to the form of your economy.