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Default   #2180   Coda Coda is offline
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Unfortunately, it turns out that while capitalism is woefully flawed, regulated capitalism is the best way humanity has found in 100,000 years of history for effectively managing limited resources. Other schemes are either even more inefficient, even more imbalanced, unsustainably fragile, or some combination thereof. The main reason capitalism works is that it takes advantage of the very thing that causes other models to fail -- the inherently selfish nature of animal instinct. Literally every other model fundamentally depends on trusting at least one other human being to not exploit the system.

It turns out that there is a model that's more efficient, less wasteful, and capable of being more fair and more supportive of the needy. That model is tyranny. A dictator is able to make decisions that no self-interested population would be able to consistently commit to, and by virtue of being in control of all of the assets said dictator would be able to distribute them in the best possible manner. Of course, the disadvantage is that it depends on the dictator being benevolent and just. We as a species actually have pulled this off a few times in the course of history, but the finite lifespan of humans prevents this from being long-term sustainable because eventually the allure of power is going to produce a dictator that acts in his own self-interest instead of the best interest of the people.

Even in the best case scenario, anyone opposed to the central authority is going to be at a disadvantage compared to those who support the central authority, and such imbalances breed the kind of unrest that leads to revolt. Similarly, fairness (distribution of assets to those who need it) and justice (distribution of assets to those who deserve it) are opposed to each other, so as long as individual citizens have different needs, different desires, and different abilities to contribute to society, there will always be some group that feels disadvantaged and dissatisfied.

Unregulated capitalism, of course, suffers from the flaw that someone possessing a sufficient critical mass of assets is capable of becoming a dictator. This is why no successful economic system has been unregulated. Regulations give representatives of the public the power to place limits upon agents to mitigate abuse and ensure certain fundamental necessities are fulfilled. It's not perfect, but it's long-term robust -- it might be slow sometimes, but its very nature gives people who are dissatisfied a mechanism to correct things.
Games by Coda (updated 4/15/2024 - New game: Call of Aether)
Art by Coda (updated 8/25/2022 - beatBitten and All-Nighter Simulator)

Mega Man: The Light of Will (Mega Man / Green Lantern crossover: In the lead-up to the events of Mega Man 2, Dr. Wily has discovered emotional light technology. How will his creations change how humankind thinks about artificial intelligence? Sadly abandoned. Sufficient Velocity x-post)
Old Posted 11-22-2019, 04:13 PM Reply With Quote