Political Aspects of Full Employment (1943)

Re:Political Aspects of Full Employment (1943) by airstrike on Tuesday December 18, 2018 @04:44PM (#18710869)

The capitalist doesn't believe he singlehandedly knows what is best for society. In fact, the capitalist believes he alone can only maximize value to shareholders – but in doing so maximizes value for all since he creates economic prosperity through growth.

He simply genuinely believes allowing the market to operate as close to freely as possible is what generates the greatest amount of prosperity for everyone. The fact that the U.S. is the world's strongest economy by far should be proof enough, but apparently people still prefer to hate success

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Re:Political Aspects of Full Employment (1943) by 0db532a0 on Tuesday December 18, 2018 @05:16PM (#18711106)

I am not debating the mechanism of capitalism, its ability to allocate goods and how or whether it creates prosperity. For the record, it seems to me the most natural way for humans to interact with each other.

My point is that to think that one knows what is best for society is similar to thinking that one knows how best to allocate goods. It just isn’t possible to know. Any capitalist will surely agree that value is purely subjective.

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Re:Political Aspects of Full Employment (1943) by airstrike on Tuesday December 18, 2018 @08:51PM (#18712381)

But the capitalist doesn't believe he knows how to allocate capital, while the statist does.

The capitalist believes the exact opposite – that he can never claim to be a better planner than "nature itself" so we should admit defeat and let things transpire naturally while we each focus on our individual lives and businesses, which presumably we know how to live or run better than the state.

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