Re:Green recovery must end the reign of GDP, argue Cambridge...
by Grimm1 on Monday December 14, 2020 @12:17PM
(#25420111)
A hybrid capitalist system with social elements for healthcare and education and proper regulation is probably a better system. But those things are a far cry from talking about getting rid of private property and capitalism all together.
I believe evolving our current system and maintaining certain elements is better than getting rid of it all together. I see reactions like yours as throwing the baby out with the bathwater when there are more level headed approaches we can take like limiting lobbying to course correct.
Edit: This is my US centric view, I realized after the fact that we may not be in the same place since this is a global forum
For example your axe and gun won't help you when your health insurance company decides that your pre-existing condition is too expensive to insure and your medical costs are now 100% your own responsibility - which is something that causes the bankruptcy of around 500,000 Americans every year.
Or when there's a major financial crash and a bank decides that it needs to steal your home from under you, whether or not you're underwater on your mortgage.
These are not hypotheticals. These are all things that have happened, are happening, and are likely to continue happening.
GDP is not the issue, but a political and economic system which increases personal selfishness at the expense of others is. You can argue that collectivist solutions have the same problem, and to an extent you'll be right. But it's a long way from there to pretending that this is the best of all possible worlds, because there are economies which prove that isn't true.