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A comment on Six Months into Tariffs, Businesses Have No Idea How to Price Anything. Parent comment

Re:Six Months into Tariffs, Businesses Have No Idea How to P... by simonh on Sunday August 31, 2025 @12:42AM (#45080429)
The fundamental question is who gets to start, control, own and grow businesses. Who makes those decisions? If it’s not private citizens, it is government functionaries. The latter has been tried many times. It can just about work, but only barely, and it has all the same problems of patronage, cronyism, monopolisation and labour abuse as capitalism but x10.
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Re:Six Months into Tariffs, Businesses Have No Idea How to P... by Eisenstein on Sunday August 31, 2025 @01:42AM (#45080643)
We also tried the 'let the market do whatever it wants' method and it ended up with babies being fed milk with formaldehyde in it, pharmaceuticals that were mostly opiates or ethanol, and entire industries owned by single families.
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Re:Six Months into Tariffs, Businesses Have No Idea How to P... by speakfreely on Sunday August 31, 2025 @01:37AM (#45080622)
Capitalism is a morally reprehensible way to distribute resources in a society, but still better than any of the alternatives.
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Re:Six Months into Tariffs, Businesses Have No Idea How to P... by kruffalon on Sunday August 31, 2025 @01:53AM (#45080686)
> but still better than any of the alternatives.

Is it though?

For many of our current societies I would say that we have failed to distribute the available resources. And even more so if we look at how we have failed distributing resources between societies and countries.

> Capitalism is a morally reprehensible way to distribute resources

Agreed!

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